International Economic
Chinese Q1 GDP growth beats forecasts
Economic activity in the People's Republic of China accelerated by more than expected at the start of 2023, leading some economists to bump up their forecasts for full-year growth.
US housing market index rises for fourth straight month
The National Association of Home Builders/Wells Fargo US housing market index increased to 45 in April, a fourth straight month of growth and the highest level seen since September 2022.
Morgan Stanley's Mike Wilson cautious on outlook for S&P 500 earnings
Morgan Stanley strategist Mike Wilson cautioned clients that large-cap stock market indices were exposed to the risk of sudden falls as seen in the regional bank index and in small caps.
US Empire State manufacturing index jumps in April
Factory sector activity in the Federal Reserve Bank of New York's district improved sharply in April, the results of a survey revealed.
G7 Russian and Australia to keep Russian oil price cap at $60 per barrel
G7 countries and Australia decided to maintain the current $60 a barrel price cap for seaborne crude oil supplies from Russia.
ECB's Kazaks says 25bp rate hike possible in May
A top European Central Bank official left the door open to a downshift in the pace of interest rate hikes.
Cryptos slow down; Ethereum optimism after Shanghai upgrade´s completed
The cryptocurrency market starts the week with cold feet. Bitcoin (BTC) has lost more than 1% in the last 24 hours and is back below $30,000. For its part, Ethereum (ETH) is practically flat, but remains stuck at $2,100.
Consumer sentiment steady in mid-April but inflation expectations jump, University of Michigan says
Consumer sentiment in the US was little changed even as inflation expectations moved up sharply, the results of a closely followed survey revealed.
US March retail sales drop twice as fast as forecast
Retail sales volumes shrank twice as fast as expected last month amid broad-based softness by categories.
US industrial production grows a bit more quickly than expected in March
US industrial production grew a bit more quickly than expected last month.
J.P. Morgan posts record revenues, shares fly
J. P. Morgan shares jumped in trading before the opening bell on Wall Street after the banking heavyweight handily beat estimates on the Street for its first quarter results.
Crypto bliss: Bitcoin near $31,000 and Ethereum surpasses $2,100
Cryptocurrencies remain firmly on their upward path. Bitcoin (BTC) rises over 2% in the last 24 hours and is poised to reconquer $31,000 ($30,900), while Ethereum (ETH) is celebrating the success of the Shanghai update by rising over 10% and surpassing $2,100.
US producer prices fall unexpectedly in March
Producer prices in the US fell unexpectedly amid declines in energy and services prices.
US jobless claims rise a tad more than expected during latest week
The US labour market eased a bit more during the previous week.
Eurozone industrial production rises more than expected in February
Eurozone industrial production rose more than expected in February, according to figures released on Thursday by Eurostat.
China exports surge unexpectedly in March
Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to lockdowns.
German inflation confirmed easing in March
German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7. 4% on an annual basis, but lower than the 8. 7% rate recorded in the first two months of the year, according to official final data released on Thursday.
Bank of Canada leaves rates unchanged, lifts growth forecast
The Bank of Canada left interest rates unchanged at 4. 50% on Wednesday, as expected, and upgraded its growth forecast for this year.
US CPI falls back to 5.0% in March
The cost of living in the US fell back by more than expected during the previous month.
US mortgage applications rise 5.3%
US mortgage applications rose 5. 3% in the week ended 31 March, according to the Mortgage Bankers Association of America, bouncing back from the prior week's 4. 1% drop.