International Economic
Fed Beige Book reports caution on economy, signs of easing inflation
The Federal Reserve's district banks reported increased caution on the part of economic agents when it came to the outlook for the country's economy and some signs that inflation was easing.
German producer prices surge again in September
German producer prices surged again in September amid soaring energy prices, according to figures released by Destatis on Thursday.
US housing starts slump in September, building permits rise
US housing starts fell 8. 1% to an annualised rate of 1. 43m in September, according to the Census Bureau, down from a revised 1. 56m in August and well and truly shy of market consensus estimates for a print of 1. 47m.
Bitcoin fails to find a trend; the market fears another aggressive move by the Fed
It is not a good week for the cryptocurrency market. Bitcoin (BTC), the world's largest cryptoasset, is currently slightly falling and is struggling to maintain the $19,100 level, as is Ethereum (ETH), the altcoin with the largest market capitalization, as it tries to consolidate the $1,300 level. In the last 24 hours, the two largest cryptos on the planet have lost more than 2%.
US housing market index falls to lowest level in over a decade
The National Association of Home Builders' housing market index fell for the tenth month in a row in October, dropping to 38 and well and truly missing market forecasts for a print of 43.
Germany economic sentiment worsens - ZEW
German economic sentiment worsened significantly in October, a closely-watched survey showed on Tuesday.
NY manufacturing activity contracts again in October
Manufacturing activity in the New York area contracted in October for the third month in a row, according to a survey released on Monday.
Bitcoin tries to find a trend as it keeps a close eye on the Fed
There is confusion in the market about the direction Bitcoin (BTC) could take. The world's largest cryptocurrency is trading practically flat at $19,270 after it tried to go for $20,000 at the end of last week. So much so, that the currency devised by Satoshi Nakamoto reached over $19,900 before a drop to the current price. Ethereum (ETH), meanwhile, rebounded 0. 8% and remains above $1,300.
PBoC rolls over medium-term facility, leaves rate unchanged
China’s central bank sated market expectations on interest rates on Monday, standing pat on the medium-term lending facility at 2. 75%.
US consumer sentiment improves in October
US consumer sentiment improved a little more than expected in October, according to a preliminary reading from the University of Michigan.
US import prices fall 1.2% in September, export prices drop 0.8%
US import prices decreased in September, according to the Bureau of Labor Statistics, with lower fuel and non-fuel prices both contributing to the drop.
US retail sales flat in September
US retail sales were flat on the month in September as inflation and rising interest rates dented demand, according to figures released on Friday by the Commerce Department.
Viasat acquisition of Inmarsat heading to full CMA inquiry
The competition regulator has decided to refer the planned acquisition of Inmarsat by Viasat to a full-scale inquiry, it announced on Friday.
Bitcoin consolidates at $19,500 and aims for $20,000
The cryptocurrency market continues the recovery started in the last hours of Thursday's session after a worse-than-consensus-expected U. S. CPI reading. Bitcoin (BTC) seems to have managed to consolidate at $19,500 and is up 1. 2% at the moment ($19,600), while Ethereum (ETH) is rebounding nearly 3% (+2. 74%, $1,322) after hitting lows not seen in three months.
China inflation pushes higher as pork prices jump
Inflation pushed higher in China last month, official data showed on Friday, after a sharp increase in food prices.
US headline and core CPI edge past forecasts in September
The cost of living in the US last month edged past forecasts last month at both the headline and so-called core level.
US initial claims increase to 228,000
Americans lined up for unemployment benefits at an accelerated clip in the week ended 8 October, according to the Department of Labor.
Opec cuts could push world into recession, IEA warns
A decision by Opec to cut oil supplies could tip the global economy into recession, the International Energy Agency warned on Thursday.
German inflation hits record high
German inflation has surged to 10%, official data showed on Thursday, the highest rate since the country’s reunification.
Germany slashes growth forecasts as Ukraine invasion continues
Germany slashed its growth forecast for next year on Wednesday, and hiked its inflation expectations, as energy prices continued to head higher on the back of Russia’s ongoing invasion of Ukraine.