International Economic
China relaxes local mortgage policy as property sector struggles
Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage rules.
Germany exits recession, but outlook looks gloomy
Germany's economy flatlined in the second quarter of 2023, according to new data released on Friday which was unrevised from preliminary estimates.
US initial jobless claims fall to lowest level in three months
The number of Americans filing for unemployment benefits fell last week to its lowest level in three weeks, according to data released on Thursday by the Labor Department.
US private sector nears stagnation in August PMIs
America’s private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown.
Eurozone Aug business activity contracts at faster pace - flash PMI
Eurozone business activity contracted at an accelerating pace in August as the region’s downturn spread further from manufacturing to services, according to PMI survey data published on Wednesday.
PBoC announces smaller-than-expected rate cut
The People’s Bank of China announced a smaller-than-expected rate cut on Monday.
Eurozone CPI falls again in July
Eurozone inflation slowed again in July, data from the European Union showed on Friday, raising hopes that the European Central Bank may slow its cycle of rate hikes.
Bitcoin falls to nearly two-month lows and risks the $26,000 level
There have been a series of significant falls in Bitcoin. The cryptocurrency risks the $26,000 level on a day in which its price is at its lowest level in almost two months, specifically since June 20.
Japan core inflation rate falls in July
Japan's core inflation rate fell to 3. 1% in July from 3. 3% in the previous month, in line with expectations.
Chinese property giant Evergrande files for bankruptcy
Evergrande, the heavily indebted Chinese property group and once the country's second developer, on Thursday filed for chapter 15 bankruptcy in New York – indicating the ongoing real estate crisis in China is far from over.
US jobless claims fall as expected
US weekly jobless claims declined more or less as expected last week, according to statistics released Thursday by the Department of Labor.
Notable drop in cryptocurrencies after Fed's inflation alert
New setback in the cryptocurrency market. Bitcoin (BTC) has fallen sharply in the last 24 hours, dropping about 1. 7% and falling back to $28,600. Ethereum (ETH) has followed in its wake and has given ground to the edge of $1,800, a level it has lost.
EZ Q2 final GDP confirmed at 0.3% rise
Eurozone GDP rose by 0. 3% in the second quarter of the year compared with the prior three months, according to official final figures.
US retail sales rose more than expected in July
US retail sales rose in July for the fourth month in a row, helped by a big boost from Amazon Prime Day.
Russia lifts rates to 12% in move to prop up rouble
Russia on Tuesday made an emergency 3. 5 percentage point increase in interest rates as it tried to prop up its currency, the rouble.
China suspends youth jobs figures as data misses estimates
China's economic woes continued last month, as a deluge of data missed estimates and the country's statistics bureau controversially suspended publication of youth unemployment figures.
Japan Q2 GDP growth beats expectations
Japan’s economy expanded for the third quarter in a row driven by growth in exports on the back of a weak yen, according to provisional data published on Tuesday.
China makes surprise cut to rates as economy falters
The People’s Bank of China made a surprise cut to interest rates on Tuesday as it looked to stimulate economic demand amid a sputtering recovery.
Few movement in cryptos; "Bitcoin hasn´t gone anywhere"
There´s very little movement in the cryptocurrency market. Bitcoin (BTC) is practically flat on Monday and is below $29,400, while Ethereum (ETH) remains below $1,850.
US consumer confidence is little changed in August, U.Michigan says
Consumer confidence in the U. S. was little changed at the start of August, the results of a closely followed survey revealed.