International Economic
Bitcoin clings to $30,000 after rising nearly 20% since Monday
Bitcoin clings to the $30,000 mark on Friday (slightly lower now at $29,950) after a clearly positive week in which it has risen nearly 20%.
Euro area June PMIs surprise sharply to the downside
Activity in euro area factory and services slowed significantly in June, the results of a batch of closely watched surveys revealed.
US May existing home sales eke past forecasts
Sales of second hand homes in the States were little changed last month, a leading business lobby group said.
US unemployment claims were steady during latest week
There was scant change in the degree of tightness in the US jobs market last week.
Swiss central bank ups interest rates, strikes hawkish tone
The Swiss National Bank increased the cost of borrowing for the fifth time on Thursday, as it looked to get inflation under control.
Norges Bank hikes rates by 50 basis points
Norway’s central bank hiked interest rates on Thursday by 50 basis points 3. 75% as it looks to tackle inflation.
Bitcoin recaptures $30,000 thanks to a series of good news
Bitcoin has recaptured the $30,000 mark (+4. 9%, $30,237) thanks to a series of positive news that has managed to counteract the unfavorable information that has penalized it in recent times, among which the actions of the US Securities and Exchange Commission (SEC) on Binance and Coinbase stand out.
Fed's Powell reiterates nearly all FOMC members expect 'somewhat' more rate hikes
The head of the US central bank reiterated that the Federal Reserve remained "squarely focused" on its dual mandate of maximum employment and stable prices.
Bitcoin soars and touches $29,000; "Everyone is talking about it once again"
Bitcoin is one of the main events of Wednesday´s session, as it rises strongly and is close to $29,000 (+7. 9%, $28,935). After living some complicated days, marked by the action of the US Securities and Exchange Commission (SEC) against Binance and Coinbase and by the decision of the Federal Reserve, as it will continue to raise rates, which led it to put $25,000 in play, the cryptoking is clearly recovering.
US housing starts jump past forecasts in May
New home construction easily outpaced economists' forecasts for last month, but some economists were wary.
German producer price gains ebb in June
Factory gate prices in the single currency area's largest economy dropped last month.
Euro area construction output shrinks in April
Construction output in the single currency bloc shrank in April, despite rebounds in France and Germany.
Bitcoin trades with gains as it tries to reach $27,000
Bitcoin is trading with gains as it tries to reach the $27,000 level. Today, on Tuesday, the main cryptocurrency is moving in the $26,900 zone, which implies a rise of close to 1. 5%, coinciding with the asset already representing half of the total capitalization of the crypto market.
PBOC cuts two key lending rates
The People’s Bank of China cut two key lending rates on Tuesday as it looks to bolster the economy.
US homebuilder confidence jumps in June, NAHB says
Homebuilder confidence in the States moved back into positive territory for the first time in 11 months, helped by a dearth of housing inventory and improving supply chain efficiencies.
Bitcoin starts to recover thanks to BlackRock's latest moves
Bitcoin faced a few difficult days amid the actions of US regulator, SEC, on Binance and Coinbase and their allegedly irregular practices. This caused the cryptoking to suffer, which also contributed to the latest Fed´s decision, as although it did not raise rates, it did anticipate two more hikes before the end of the year.
Goldman Sachs cuts China growth forecasts
Goldman Sachs has cut its growth forecasts for China, arguing that after a strong start in the first quarter, the country’s post-reopening recovery "appears to have fizzled out in Q2" and that government stimulus won’t be enough.
Fed's Barkin wants to return inflation to target 'relatively quickly'
A top Fed official said that he would be comfortable supporting further rate hikes if incoming data did not show slower demand returning inflation to 2% "relatively quickly".
US consumer confidence picks up in June, inflation expectations drop, University of Michigan says
Consumer confidence in the US improved a bit in June, alongside a big drop in inflation expectations.
BofA's Hartnett does not believe US stocks at start of 'new bull market'
A top-rated equity strategist at BofA Securities cautioned clients that he did not believe that Wall Street was starting on a "brand new shiny bull market".