International Economic
Texas factory activity worsened slightly in October, Dallas Fed says
Output at factories in Texas continued to grow in October albeit at a slightly reduced pace, the results of an official survey showed.
Chicago factory PMI worsens slightly in October
Factory sector activity in the Chicago area worsened slightly in October, according to the results of a closely followed survey.
Jefferies upgrades Centrica, Drax to ‘buy’
Jefferies upgraded Centrica and Drax on Monday to ‘buy’ from ‘hold’ as it pointed to strong free cash flow generation and resilient balance sheets.
Eurozone growth slows in third quarter
Economic growth in the eurozone slowed in the third quarter, according to a flash estimate released on Monday by Eurostat.
German retail sales nudge higher
German retail sales picked up unexpectedly last month, official data showed on Monday.
China's economy falters on softening demand
China’s economy continued to come under pressure last month, official data showed on Monday, as rolling Covid-19 lockdowns and weakening international demand weighed heavily.
German October harmonised CPI jumps past forecasts
The cost of living in Germany jumped past forecasts unexpectedly in October.
US consumer sentiment ticks up in October but remains subdued
US consumer sentiment improved a touch in October, but remained subdued, according to a final reading from the University of Michigan.
US pending home sales fall at twice the expected rate in September, NAR says
A lead indicator for the number of home sale contract signings fell at roughly twice the expected rate last month.
US Q3 ECI rises as expected but private wage growth cools
A gauge of salary and benefits pressures in the US grew as expected over the three months to September, but only on account of the jump seen in the public sector.
US personal income and spending beat forecasts but price gains slow slightly
Personal incomes and spending in the US grew more quickly than expected last month but price pressures were a touch lower than anticipated.
Yen slips as BoJ stays put on policy at meeting
Rate-setters in Tokyo stood pat on monetary policy as expected, although according to analysts there had been some speculation over a potential shift in Yield Curve Control.
Cryptocurrency rally comes to a screeching halt: market already looking ahead to Fed meeting
If yesterday, on Thursday, we wondered whether the rally in the cryptocurrency market could continue, today we have the answer: a resounding no. After a couple of days of very strong gains that pushed Bitcoin (BTC) to almost $21,000, the world's largest cryptoasset has accumulated losses of almost 3% in the last few hours and is struggling to maintain the $20,000 level. Ethereum (ETH), meanwhile, is down almost 4% and is trying to hold $1,500 after an unsuccessful attempt to break $1,600.
Euro area economic sentiment continues to sour in October
Economic sentiment in the euro area continued to deteriorate in October, falling to its lowest level since November 2020, the results of a survey showed.
German Q3 GDP surprises, recovers to above pre-Covid levels
The euro area's largest economy defied market expectations for a contraction over the three months to September thanks to private consumption.
Professional forecasters raise 2022-24 CPI forecasts, slash that for 2023 GDP, ECB says
Professional forecasters bumped up their outlook for euro area inflation out to 2024 even as they anticipated a technical recession over the next few quarters, the results of a survey conducted by the European Central Bank showed.
ECB raises rates, expects further hikes
Rate-setters in Frankfurt went ahead with a 75 basis point interest rate hike but for some observers appeared to hint at the possibility of slower pace of tightening and refrained from any mention of quantitative tightening in its policy statement.
US durable goods orders grow in September, but details weaker
Orders for goods made to last more than three years grew more quickly than expected during the previous month, led by gains for orders of civilian aircraft and automobiles, but the details of the latest government data were much weaker.
US economy grows more than expected in Q3
The US economy bounced back in the third quarter, according to data released on Thursday by the Bureau of Economic Analysis.
US initial jobless claims rise to 217,000
Americans lined up for unemployment benefits at an accelerated pace in the week ended 22 October, increasing by 3,000 from the prior week's unrevised level to a total of 217,000.