International Economic
US producer prices edge past forecasts in September
Wholesale prices in the US slowed a tad last month even as energy and food price gains rebounded.
Eurozone industrial production rises more than expected in August
Eurozone industrial production rose more than expected in August, according to figures released on Wednesday by Eurostat.
IMF downgrades UK, global growth forecasts for 2023
The International Monetary Fund cut its global growth forecast for next year on Tuesday, citing the conflict in Ukraine, food and energy inflation and higher interest rates, as it warned the worst was still to come.
US small business confidence edges past forecasts in September, NFIB says
Small business confidence in the US edged higher last month as expectations for sales improved on the back of falling gas prices, the results of a closely followed survey revealed.
"Bitcoin won't do anything until the macro madness between the Fed and Credit Suisse is resolved"
October is off to a good start in the major financial markets after a nightmarish September for stock markets and the bond market. Despite the fact that cryptocurrencies seem to be going their own way, experts stated there will be no significant moves until the madness on the macro and fundamental front is resolved. Bitcoin holds around $19,500 on Monday and spent the weekend between $19,000 and $20,000, after last Friday's U. S. labor market figures hit the digital token and caused it to take a distance from this latest price level, which experts considered psychologically relevant.
China services sector shrinks in September - Caixin
Services activity in China shrank in September for the first time in four months, as Covid restrictions took their tool, according to data released over the weekend.
US non-farm payrolls expand by 263,000 in September
The US jobs market continued generating jobs at a steady pace last month.
German industrial output misses forecasts in August
Industrial output in Germany undershot market forecasts in August although the underlying figures were a tad stronger than it initially appeared.
German retail sales edge higher in August
German retail sales edged higher last month if changes in prices are not taken into account.
Bitcoin and cryptocurrencies fall after Binance coin hacking
The cryptocurrency market falls on Friday and Bitcoin loses the $20,000 mark once more, following news of an alleged computer attack on the Binance coin (BNB) blockchain. The 'hack' reportedly resulted in the theft of $600 million in Binance tokens and forced the 'blockchain' BNB Chain to tweet a warning about "irregular activity. " BNB, one of the largest market cap 'altcoins', loses about 4% in 24 hours, most tokens are in the red and total capitalization is back towards $955 billion.
Weekly US jobless claims rise by more than expected during latest week
Jobless claims in the US rose unexpectedly during the preceding week.
Some cracks starting to appear in US jobs market, says Challenger
Job cut announcements in the US jumped in September, marking the fifth month of 2022 during which they surpassed the tally for the same month one year earlier, according to a survey conducted by a top-ranked global staffing consultancy.
German factory orders slide by more than expected
Germany’s factory orders were weaker than expected in August, official data showed on Thursday, as the war in Ukraine continued to weigh heavily.
Eurozone construction struggles as demand slows
The downturn in Eurozone construction continued at pace in September, a closely-watched survey showed on Thursday, as prices rose and the weakening economic outlook weighed on demand.
Euro area retail sales fall by more than expected in August
Retail sales in the euro area fell more quickly than expected last month.
ISM's non-manufacturing PMI dips to 56.7 in September
The Institute of Supply Management's non-manufacturing PMI dipped from 56. 9 in August to 56. 7 in September, beating forecasts for a print of 56 and above its historical average of 55.
Von der Leyen urges unity on EU gas price cap
Ursula von der Leyen has urged the European parliament to back a temporary cap on gas prices.
US private sector adds more jobs than expected in September
The US private sector added more jobs than expected in September, according to the latest data from ADP.
German trade balance continues to narrow
German imports and exports pushed higher in August, official data showed on Wednesday, trimming the trade surplus by more than expected.
Bitcoin back at $20,000 but falls short of the stock market rally and weakening dollar
Bitcoin and altcoins are benefiting from the rally of stock markets and other risk assets against the dollar and are dyed in green on Wednesday. The digital asset par excellence is up 2% in 24 hours and, more importantly, heading above $20,000, price levels where it was pushed back twice last week. Ethereum remains around $1,350, while other tokens are eagerly rising in daily range, such as Ripple (XRP) or Dogecoin (DOGE), which are edging 7% higher. The total capitalization advances to $965 billion.