International Economic
US trade balance narrows to nine-month low in July
The US trade balance narrowed by $10. 2bn in July to a nine-month low of $70. 7bn, according to the Bureau of Economic Analysis.
Eurozone economy grows more than initially estimated in Q2
The eurozone economy grew more than initially estimated in the second quarter, according to data released on Wednesday by Eurostat.
US mortgage applications drop 0.8% week-on-week
Mortgage applications decreased 0. 8% in the week ended 2 September, according to the Mortgage Bankers Association of America.
Putin threatens to halt energy supplies over price cap
Vladimir Putin has warned that Russia could cut off energy supplies if price caps are imposed on oil and gas exports.
EU planning €200/MWh price cap on non-gas generated electricity - report
Brussels is reportedly planning a €200 a megawatt hour limit to the price of electricity generated by non-gas power producers as part of efforts to quell the EU’s energy crisis.
Bitcoin eyes June lows support at $17,500; Ethereum plummets
Bitcoin (BTC) and Ethereum (ETH) left significant falls during the last 24 hours, riding the strength of the dollar and pressured by the problems detected with the update 'Bellatrix' of Ethereum, which prepares the blockchain for the event known as 'The Merge'. Specifically, the second currency by market capitalization loses 8% in 24 hours, to $1,500, while BTC drops more than 5%, gives up $19,000 and, more importantly, points to the June lows, at $17,500.
China exports falter as global demand softens
China’s exports slowed markedly in August, official customs data showed on Wednesday, as global demand started to soften.
German industrial production falls a little less than expected
German industrial production fell a little less than expected in July, according to figures released by Destatis on Wednesday.