International Economic
Rhine water levels at Kaub set to recover over the weekend
Minimum water levels needed to navigate the Rhine river at a key choke point were expected to stage a partial recovery over the weekend.
ECB's Kazaks says inflation 'unacceptably high'
A top European Central Bank official predicted that the monetary authority would continue hiking interest rates.
US retail sales flatten out in July, but details stronger
Americans spent at a slightly lower than expected pace last month, although the details of the report were stronger.
Euro area Q2 GDP revised slightly lower, slowdown seen ahead
The euro area's economy expanded at a slightly slower pace than previously estimated over the three months to June, alongside steady growth in employment.
US industrial production grows by more than expected in July
US industrial production rose a bit more quickly than expect last month.
US July housing starts fall much more quickly than anticipated
Homebuilders in the US broke ground on far fewer homes than anticipated last month.
German investor sentiment deteriorates slightly in June
German investor sentiment deteriorated slightly in August, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
US homebuilder confidence falls for eighth month in a row in August, NAHB says
Confidence among US homebuilders fell for an eighth month in a row in August, the results of a survey revealed.
'Empire State' manufacturing index plunges in August
The Federal Reserve Bank of New York's regional manufacturing index surprised economists, registering its second-largest ever monthly fall - larger even than that in March 2020.
Japan's economy recovers beyond pre-pandemic levels
Japan’s economy recovered beyond pre-Covid levels in the second quarter, with GDP expanding at 2. 2% year-on-year, although that was below consensus expectations for 2. 6% growth.
China cuts lending rate as economy struggles amid Covid lockdowns
China's central bank on Monday unexpectedly cut a major interest rate in an attempt to bolster an economy that is struggling to grow amid repeated Covid lockdowns and a property downturn.
Chinese industrial production, retail sales miss expectations
China’s industrial production and retail sales data for July missed expectations on Monday.
Investors moving back into credit, banks and technology catch a bid, BofA says
Investors moved back into credit and to a lesser extent into banking and technology stocks over the preceding week, BofA Securities strategists said.
US consumer confidence improves a bit more than expected in July, University of Michigan says
Consumer confidence in the US improved a bit more than anticipated last month, albeit from June's all-time record low.
US import prices fall by more than expected in July
The cost of goods in the US that were purchased overseas dropped more sharply than expected last month, dragged lower by a fall in imported fuel prices.
Eurozone industrial output rises more than expected in June
Industrial production in Europe’s common currency rose more than expected in June, according to fresh data on Friday morning, although analysts were warning of a serious softening in the second half of the year.
How far will Bitcoin´s price rally go? These are the levels to watch
Bitcoin´s rally continued its course on Wednesday and Thursday, in the heat of the US inflation data, as it showed how price pressure in the world's first economy eased, sending a wave of risk appetite to all global markets. In cryptocurrencies, buying continued to pump up the major tokens by market capitalization, with BTC hitting a two-month high at $24,822, according to CoinMarketCap, but the leading digital currency failed to hold $24,000 in closing prices on Thursday.
US producer prices fall in July, led by energy costs
A fall in energy prices saw wholesale inflation in the US register its first outright fall since April 2020.
Fed's Daly tells FT it's too early to declare victory over inflation
A top US central bank official argued in favour of a 50 basis point interest rate hike at the next policy meeting, instead of a 75bp move, even as she cautioned that much was still left to do.
US initial jobless claims rise by 14,000
Americans lined up for unemployment benefits at a slightly accelerated pace in the week ended 6 August, according to the Labor Department.