International Economic
German August CPI eases to 6.1% but energy, food still surging
German inflation eased to 6. 1% in August - confirming initial readings - as elevated food and energy prices continued to outstrip the overall rate, according to official data released on Friday.
Friday preview: German CPI, French and Spanish industrial output in focus
There would be little in the way of new company or economic reports for investors to chew on at the end of the week.
Cryptos rebound; Bitcoin recovers $26,200 thanks to JP Morgan
The cryptocurrency market rebounds. Bitcoin (BTC) rallies about 2% in the last 24 hours and reconquers $26,000, while Ethereum (ETH) rises 0. 6% and climbs above $1,650.
US jobless claims drop to seven-month low
Initial claims for jobless benefits in the US unexpectedly fell last week to their lowest levels since February, according to statistics from the Department of Labor released on Thursday.
Eurozone recession fears rise as Q2 GDP revised down to 0.1%
The Eurozone economy barely grew in the second quarter, while job creation eased, in fresh signs that the single-currency bloc will slip into recession later this year.
Little movement in cryptos; macro data eliminates risk appetite
There have been timid rises in the cryptocurrency market. Bitcoin (BTC) has barely moved up or down in the last 24 hours and remains at $25,700, while Ethereum (ETH) has risen around 0. 4% in the last day and consolidates at $1,630.
German industrial production falls again in July as struggles continue
German industrial production fell again in July as manufacturing in Europe's largest economy continued its struggles to recover from high inflation and costs.
China exports fall for fourth month in a row
China exports fell for the fourth successive month in August as weak demand and persistent supply chain issues continued to dog the world’s second-largest economy in its efforts to rebound from the impacts of the Covid pandemic.
US services sector activity slows further in August, S&P says
Services sector activity in the US slowed a tad more than anticipated during the previous month, the results of a survey showed.
Eurozone retail sales slip in July
Retail sales across the Eurozone fell by more than expected in July, official data showed on Wednesday.
Eurozone construction activity contracts again in August
Eurozone construction activity contracted again in August, according to a survey released on Wednesday.
Cryptos rebound; the SEC and macro data keep the market on edge
Cryptocurrencies rise moderately. Bitcoin (BTC) advances 0. 2% in the last 24 hours and regains $25,700, although it remains far from $26,000, and Ethereum (ETH) rises 0. 5% and hovers around $1,630.
German factory orders tumble in July
German factory orders tumbled in July, according to figures released on Wednesday by Destatis.
Saudi Arabia extends voluntary oil cut - report
Saudi Arabia has extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, CNBC reported, citing the state-owned Saudi Press Agency.
Eurozone August output falls at fastest rate in three years
Output in the eurozone during August fell at its fastest rate in three years in August, with services survey data revised downwards from initial estimates and price inflation making a worrying return.
More cryptos fall; what if Bitcoin drops to $22,000?
New falls in the cryptocurrency market; Bitcoin (BTC) drops 1% in the last 24 hours and falls below $25,700, while Ethereum (ETH), which drops slightly less, is putting $1,600 in danger. Over the past day, the market has lost 0. 86% in market capitalization.
China services growth slows to eight-month low in August
Business activity in China's services sector increased at its lowest rate in eight months in August, according to a private survey out on Tuesday.
Australia holds interest rates steady for third month in a row
Australia's central bank held rates steady for the third consecutive month as signs that inflationary pressures were easing continued.
German exports fall in July
German exports fell by 0. 9% on a monthly basis from an upwardly-revised 0. 2% rise in June, according to official statistics published on Monday.
Nothing new on cryptocurrencies after SEC's blow to Bitcoin ETFs
There have been few movements in the cryptocurrency market. Bitcoin (BTC) rises moderately and tries to regain $26,000, while Ethereum (ETH) barely rises and remains below $1,650.