International Economic
Euro area retail sales miss forecasts in May
Retail sales volumes in the single-currency bloc undershot economists' forecasts in May.
German factory orders unexpectedly rise in May
German factory orders unexpectedly rose in May, according to figures released on Wednesday by Destatis.
Fears of Europe energy shock could weigh on euro
The European single currency may remain weak in the near-term due to concerns about soaring energy prices in Europe.
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
How will EU's MiCA regulation affect Bitcoin and cryptos?
Companies offering cryptoasset-related services happily welcomed the news that the three institutional bodies of the European Union (EU), the European Parliament, Commission and Council reached an agreement on the text of the proposed cryptocurrency market regulation. The landmark cryptoasset markets legislation (MiCA) will introduce licensing of cryptocurrency companies and safeguards for their customers and the industry has been favorable to the measure which, however, contains controversial points for users such as the taxation of self-hosted wallets.
China's economy rebounds as pandemic restrictions ease
The services sector rebounded strongly in China last month, data published on Tuesday showed, as strict Covid-19 restrictions were eased.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.
Eurozone growth slows to 16-month low
Eurozone growth slowed sharply in June, a well-regarded survey showed on Tuesday, as the dominant services sector started to cool.
RBA lifts interest rates for third month in a row
Australia’s Reserve Bank increased its key cash interest rate for the third time in as many months and warned of more action as it looked to stymie rising inflation.
Bundesbank chief warns against using ECB's tools to contain wider spreads
The head of Germany's central bank urged caution on using policy tools to limit the borrowing costs of weaker economies within the single-currency bloc.
Eurozone facing recession as investor morale plummets
Recession in the Eurozone is now "inevitable", a closely-watched survey suggested on Monday, after war in Ukraine and the growing energy crisis caused investor morale to slump.
German trade balance pushed into deficit as exports fall
German exports fell last month, official data showed on Monday, pushing the country’s trade balance into a surprise deficit.
Bitcoin´s price remains under pressure: Voyager Digital halts withdrawals
The cryptocurrency market continues its pessimistic outlook that it signed off the second quarter of the year with and which has carried over into the month of July. After last week's falls, that saw the Bitcoin´s (BTC) price succumb to selling pressure and fall to $18,700, according to data from CoinMarketCap, the digital currency is holding at $19,000, weighed down by bad news from the sector, with other cryptoasset lending companies and funds on the edge of the abyss.
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
China's manufacturing sector expands in June - Caixin
Activity in China’s manufacturing sector expanded in June as Covid restrictions eased, according to a survey released on Friday.
US manufacturing growth slows in June as new orders dip
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
Covid-19 cases surge during latest week due to BA.4 and BA.5 Covid-19 sub-variants
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.
Das (RBI): "Cryptocurrencies are a clear danger, their value is based on fantasy"
Reserve Bank of India´s (RBI) Governor Shaktikanta Das stated that cryptocurrencies are a "clear danger" and that anything that gains value based on fantasy, without anything underlying, is nothing more than speculation under a fancy name. He added that as the financial system becomes increasingly digitized, cyber risks are increasing and require special attention.
Eurozone inflation hits record high of 8.6% in June
Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.