International Economic
US fourth-quarter GDP revised down
The US economy grew a touch less than previously estimated in the fourth quarter, according to data released on Thursday by the government.
US initial claims come in slightly higher than expected
Americans lined up for unemployment benefits at an accelerated pace in the seven days ended 25 March, according to the Labor Department.
German CPI seen lower in March
German headline inflation recorded only a minor decline in March, in line with consensus expectations.
Spanish inflation nearly halves in March
Spanish inflation fell significantly in March as energy prices declined, according to data released on Thursday by the country’s National Statistics Institute.
Investors take refuge in Bitcoin, which rises above $28,000
Cryptocurrencies have become one of the safe haven assets for investors due to the recent banking crisis. Bitcoin is trading at $28,561 (+0. 46%) on Thursday and has accumulated a 14% rise so far in March. Ethereum, although registering losses of 1. 26%, also remains above $1,700.
Eurozone economic sentiment deteriorates in March
Economic sentiment in the eurozone deteriorated slightly in March, according to data released on Thursday.