International Economic
Cryptocurrencies on the rise; Bitcoin reconquers $17,000
The cryptocurrency market is going to close the week strongly. Bitcoin (BTC) has rallied over 2% in the last 24 hours and is trying to consolidate at $17,200, while Ethereum (ETH) has risen almost 4% in the last day and is racing to recapture $1,300.
China consumer price inflation eases in November
Consumer inflation eased in China in November, according to figures released on Friday.
US initial jobless claims rise to 230,000
Americans filed first-time unemployment claims at an accelerated clip in the week ended 3 December, according to the Labor Department, with initial jobless claims rising by 4,000 to 230,000, up from the prior week's upwardly revised print.
US mortgage applications fall 1.9%
US mortgage applications declined 1. 9% in the week ending 2 December, according to the Mortgage Bankers Association of America.
China Nov exports, imports fall more than expected
China’s dollar-denominated exports in November fell a more than expected 8. 7% year on year to $296bn, compared with a decline of 0. 3 per cent in October, according to official data released on Wednesday.
German industrial production falls less than expected in October
German industrial production fell less than expected in October, according to figures released on Wednesday by Destatis.
US trade deficit widens in October
The US trade deficit widened in October to $78. 2bn from $74. 1bn in September, according to data released on Tuesday by the Commerce Department.
EC mulls sanctions on Russia mining industry - report
The European Commission is considering banning new investments in Russia’s mining sector, it was reported on Tuesday, as part of a fresh package of sanctions.
Eurozone construction PMI falls to 43.6 in November
S&P Global's Eurozone construction purchasing managers index fell to 43. 6 in November, down from 44. 9 in October for a seventh consecutive monthly contraction across the sector.
German factory orders rise more than expected in October
German factory orders rose more than expected in October, according to figures released on Tuesday by Destatis.
EZ October retail sales fall 1.8% month-on-month
Eurozone October retail sales fell 1. 8% compared with September, according to data released by the EU on Monday.
Investor morale strengthens across Eurozone
Investor sentiment across the Eurozone has strengthened by more than expected, a closely-watched survey found on Monday.
Cryptocurrencies on the rise; Bitcoin consolidates at $17,000
The cryptocurrency market starts the week on a good note after a weekend of gains. Bitcoin (BTC) surpasses $17,000 and has rebounded nearly 2% in the last 24 hours, consolidating at $17,300; meanwhile, Ethereum (ETH) is approaching $1,300 after rising 3% in the last day.
Eurozone sliding into recession as output contracts again
Economic activity in the eurozone contracted in November for the fifth month in a row, suggesting that the bloc is falling into recession, according to a survey released on Monday.
AG Barr buys Boost drinks brand for up to £32m
Irn-Bru maker AG Barr said on Monday that it has bought drinks business Boost for up to £32m from founder Simon Gray and his wife Alison.
China services activity hits six-month low in November - Caixin
Activity in China’s services sector shrank further in November, hitting a six-month low amid Covid restrictions, according to data released on Monday.
US non-farm payrolls increase by 263,000 in November
Hiring in the US held up better than expected last month and wage growth accelerated.
US President opens door to talks with Russia if Kremlin is willing
The US President opened the door to talks with Russia to end the war.
Cryptocurrencies say goodbye to their hot streak; Bitcoin loses $17,000
Cryptocurrencies are back in negative territory. After several days of rallies, digital assets have turned lower on Friday, with investors taking a more cautious approach and the market wondering if it has been overly optimistic in recent days. Bitcoin (BTC) falls 0. 68% and drops below $17,000, while Ethereum (ETH) retreats 0. 26% and remains near $1,300.
EU nations tentatively agree to price cap on Russian seaborne oil
European Union nations have tentatively agreed to a $60 a barrel price cap on Russian seaborne oil, according to Reuters, with the agreement also including an adjustment mechanism to ensure the cap remains at 5% below market price.