International Economic
China's producer prices plunge
Inflation in China remained at low levels in May, official data showed on Friday, as the country’s economy continued to struggle post-pandemic.
Relative calm for cryptos during high uncertainty after the SEC advance
The cryptocurrency market is back on track. Bitcoin (BTC) rises 0. 12% in the last 24 hours and consolidates at $26,400, the range in which it has been moving in recent weeks. For its part, Ethereum (ETH) falls 0. 3% to $1,830. Both cryptos accumulate a negative weekly balance of more than 2%.
Initial US jobless claims jump by 28,000 during latest week
Tightness in the US labour market eased during the preceding week, as filings for jobless claims rose to the highest since October 2021.
Eurozone tips into recession
The Eurozone has tipped into recession, official data showed on Thursday, after a series of downward revisions.
Cryptos fall while focusing on the SEC and the Fed
New twist in the cryptocurrency market. Bitcoin (BTC) drops more than 1% in the last 24 hours, but remains at $26,400 after surpassing $27,000 on Tuesday. For its part, Ethereum (ETH) falls almost 2% and stands at $1,840.
US trade deficit jumps in April
America's shortfall on trade with the rest of the world widened unexpectedly in April.
Bank of Canada lifts rates to 4.75%
The Bank of Canada on Wednesday lifted its benchmark interest rate rate to 4. 75% as it battled to stem persistent inflation amid worries that it could get stuck above its 2% target.
OECD sees moderate GDP global growth; UK to avoid recession
The global economy is forecast to grow moderately this year as inflationary pressures ease, but a recovery was still some way off, the Organisation for Economic Co-operation and Development (OECD) said in its latest forecasts.
Bitcoin and Ethereum rise sharply after SEC move on Coinbase and Binance
New sharp turnaround in the cryptocurrency market. Bitcoin (BTC) rebounds 4% in the last 24 hours and regains $26,800 after reaching $25,500 yesterday. For its part, Ethereum (ETH) rises 3. 55% and reconquers $1,870 after being on the verge of losing $1,800 on Tuesday.
German industrial production rises less than expected in April
German industrial production rose less than expected in April, according to data released by Destatis on Wednesday.
China exports slump in May
China’s exports fell last month in another indication that the rebound in the world’s second-largest economy was losing steam.
Eurozone retail sales stagnant in April
Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick.
Bitcoin falls to $25,000 after SEC lawsuit against Binance
There´s been a dramatic turn of events in the cryptocurrency market. Bitcoin (BTC) has plummeted 3. 6% in the last 24 hours and has retreated to $25,790, while Ethereum (ETH) has dropped a similar percentage and stands at around $1,810 following the Securities and Exchange Commission's (SEC) regulatory action on Binance.
Weak demand hits Eurozone construction sector
Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease.
Australia's central bank hikes rates by 25 basis points
The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high.
German factory orders unexpectedly fall in April
German factory orders unexpectedly fell in April as large-scale orders dropped, according to figures released on Tuesday by Destatis.
US services activity slows unexpectedly in May, ISM says
US services sector activity slowed unexpectedly last month amid slower new order growth while stockpiles piled up, the results of a closely followed survey showed.
US services PMI picks up in May, S&P Global says
Activity in US services picked up last month as the sector enjoyed a 'mini boom' following the Covid pandemic, the results of a survey showed.
Eurozone investor sentiment deteriorates in June
Eurozone sentiment deteriorated in June as worries about the German economy weighed, according to data released on Monday.
Eurozone May final PMI falls to 52.8 vs flash 53.3
Eurozone services activity fell in May, according to final survey readings released on Monday.