International Economic
US housing starts rise in August
US housing starts rose in August, according to figures released on Tuesday by the Commerce Department, but analysts argued the gain may be short-lived.
Bitcoin and Ethereum rebound from their lows, but weakness points to further declines
Buying returns to the cryptocurrency market, with Bitcoin and Ethereum bouncing back from three- and two-month lows, respectively, hit on Monday. Rises are about 5% for both assets, while other tokens see prices rise as much as 10% since Monday, like Ripple. The total capitalization is close to $940 billion, after touching $900 billion, almost $100 billion from the trillion-dollar levels reached by the cumulative value of cryptocurrencies.
Sweden hikes interest rates
Sweden’s central bank upped interest rates on Tuesday, as it warned that further increases were likely.
German producer prices surge at record pace
German producer prices surged last month, official data showed on Tuesday, pushed higher by the soaring cost of energy.