International Economic
German factory orders fall less than expected in June
German factory orders fell less than expected in June, according to figures released on Thursday by Destatis.
OPEC+ raises output quota ceiling for September by 100,000 barrels per day
The Organisation for Petroleum Exporting Countries and its main allies, whom together are known as OPEC+, revised their combined output quotas for September higher but by far less than in the previous month.
Fed's Bullard says soft landing achievable, Daly thinks work 'far from done'
The US Federal Reserve and the European Central Bank may be able to lower inflation in an orderly fashion while achieving a relatively soft landing, a top Fed official said.
US ISM services PMI reaccelerates unexpectedly in July
Activity in the US services sector accelerated unexpectedly in July, the results of a closely-followed survey revealed.
Drop in US services PMI points to Q3 GDP contraction, S&P Global says
Services sector activity in the US slumped during the previous month with output falling at its fastest pace since May 2020, revised data for a survey of sector conditions revealed.
EU retail sales fall 1.2% in June
Retail sales in the Euro Area dropped 1. 2% month-on-month in June, according to Eurostat, the steepest decline year-to-date and significantly worse than expectations of an unchanged print.
Eurozone business activity contracts in July
Eurozone business activity contracted in July amid a downturn in the manufacturing sector and as service sector activity slowed, according to a survey released on Wednesday.
US job openings decline in June, quits little changed
The US jobs market tightened up a bit as economic growth slowed, the results of a closely-followed survey revealed.
A strong recession could trigger another correction in the cryptoassets market
The contraction of the US economy, for the second consecutive quarter, leaves the country in a state of technical recession that, pending confirmation by the National Bureau of Economic Research (NBER), puts investors on alert, especially those with exposure to risk assets such as cryptocurrencies. The market for now does not seem to echo that there is danger, due to the fact that as denoted by some analysis and recent stock market performance, risk appetite picks up market weight.
Sector movers: Commodity names slip after weak Asian PMIs
Oil and Gas, as well as Industrial Metals names were under pressure at the start of the month following the release of weaker-than-expected readings on Chinese manufacturing during the month of July.
Tuesday preview: Fed speak, BP in focus
Financial markets' focus on Tuesday is likely to be on speeches from the heads of the Federal Reserve banks of Chicago and St. Louis at 1500 BST and 2345 BST, respectively.
US manufacturing holds up better than expected in July, price pressures recede
Factory sector activity in the US held up better than expected last month, the results of a key survey revealed.
Bitcoin is performing well: "It's a bear-market rally"
Bitcoin leaves marginal drops at the beginning of the month, after closing July with a 17% advance and approaching the $25,000 resistance in the last few days. After recent highs above $24,500, experts praised the digital asset par excellence´s good performance, despite the pullback towards the $23,000 mark. Ethereum's performance is similar, with the token of the eponymous network around $1,700. The total capitalization of all cryptoassets is around $1. 1 trillion.
Recovery in Chinese manufacturing slows unexpectedly in July
Activity in China's factory sector continued to improve last month after Covid-19 containment measures were eased, but much more slowly than anticipated, the results of a key survey revealed.