International Economic
Chicago PMI improves more than expected in August
Business activity in the Chicago area improved more than expected in August, according to figures released on Thursday.
US initial jobless claims fall slightly
The number of Americans filing for unemployment benefits fell slightly last week, according to data released on Thursday by the Labor Department.
US consumer spending grows, inflation picks up
US consumer spending rose more than expected and inflation picked up in July, according to the Bureau of Economic Analysis, which will likely raise more concerns that the Federal Reserve's strategy of raising interest rates is doing little to stop an overheating economy.
ECB rate hike fears rise as eurozone inflation holds stable
Consumer prices in the eurozone area increased more than expected in August, raising concerns that the European Central Bank may act once again to bring down stubbornly high inflation with another interest-rate rise.
Eurozone unemployment steady at 6.4% in July
The jobless rate in the Eurozone held stable at 6. 4% in July, according to figures out Thursday from Eurostat.
Cryptos ease after recent rises and optimism sparked by Grayscale
Cryptocurrencies are taking a breather on Thursday. Bitcoin (BTC) pulls back moderately in the last 24 hours and sits comfortably above $27,200, while Ethereum (ETH) follows in its wake and holds at $1,700.
German July retail sales fall, miss forecasts
German retail sales fell by 0. 8% month-to-month in July, missing forecasts of a 0. 3% increase, according to official data released on Thursday.
China's factory activity contracts again in August
Factory activity in China contracted in August for the fifth month in a row, according to data released on Thursday by the National Bureau of Statistics.
US GDP growth revised down in second quarter
US economic growth was less than expected in the second quarter of 2023, official revised estimates out on Wednesday showed.
Job creation slows to pre-pandemic levels in August, ADP says
The US private sector added fewer jobs than expected in August, according to the ADP Research Institute, as recent strong growth tailed off to levels not seen since before the pandemic.
Eurozone economic sentiment drops in August
Economic sentiment in the eurozone fell a touch more than expected in August, according to a survey released on Wednesday.
Bitcoin climbs with a vengeance and rises above $27,000 thanks to Grayscale and 'bad news'
Bitcoin has risen strongly (+7%) and has surpassed $27,000 ($27,645), finally moving away from the $26,000 to which it clinged to for weeks. The cryptoqueen has benefited due to several aspects. On the one hand, the courts have ruled in favor of Grayscale against the US SEC for the review of the Bitcoin ETF. On the other hand, the latest bad macro data in the US pushes away the possibility of another Federal Reserve (Fed) rate hike in September, which also has a positive influence.
US job openings decline in July
The number of job openings at US companies declined in July, according to data released on Tuesday.
US consumer confidence unexpectedly tanks in August
US consumer confidence unexpectedly slumped in August as rising prices and concerns about future interest-rate hikes continued to drag on sentiment.
US house prices rise again in June
US house prices rose again in June, according to the latest S&P/Case-Shiller national home price index.
Cryptos take a breather, but Bitcoin still shows no sign of strength
Slight rises in the cryptocurrency market. Bitcoin (BTC) has gained 0. 2% in the last 24 hours and is hovering around $26,000, while Ethereum (ETH) has risen another 0. 2% and is seeking to recapture $1,700.
German consumer sentiment set to deteriorate - GfK
German consumer sentiment is expected to deteriorate next month amid high inflation, according to a survey released on Tuesday by market research group GfK.
Cryptos are not getting back on their feet; Bitcoin drops 10% in August
Moderate falls in the cryptocurrency market. Bitcoin (BTC) drops 0. 4% in the last 24 hours and falls below $26,000, while Ethereum (ETH) retreats another 0. 4% and is close to $1,650.
Powell warns inflation still 'too high'
US interest rates could still be on the way to battle inflation that is "too high", Federal Reserve Chair Jerome Powell warned on Friday.
German business sentiment deteriorates further
German business sentiment deteriorated further in August, according to a survey released on Thursday by the Ifo Institute.