International Economic
German economic sentiment deteriorates in November - ZEW
German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
German CPI confirmed at 2% in October as food, services prices rise
German inflation rose in October, driven by a rise in food prices and ongoing above-average increases for services, official data confirmed on Tuesday.
Bitcoin tops $82,000 level in early Monday trading
Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump’s US election victory, with expectations that his administration would support a friendlier regulatory environment for digital currencies.
US consumer confidence edges higher in November, University of Michigan says
Consumer confidence in the States hit a six-month high heading into the elections in November, the results of a closely followed survey revealed.
China unveils £1.1bn stimulus package
China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy.
Fed cuts by 25bp, as expected, shies away from fresh forward guidance
Rate-setters in the US decided on Thursday to ease monetary policy by 25 more basis points, as expected.
US jobless claims increase by 3,000
Americans lined up for unemployment benefits at an accelerated pace in the week ended 2 November, according to the Department of Labor.
Eurozone construction PMI rises to ten-month high, but outlook still gloomy
The contraction of the eurozone's construction sector slowed to its lowest rate in ten months in October, though the downturn remained deeply entrenched, according to statistics from S&P Global and the Hamburg Commercial Bank on Thursday.
Eurozone retail sales rise for third straight month
Retail sales in the eurozone rose for the third straight month in September as strong gains in non-food products and fuel made up for declining sales for food, drinks, tobacco.
Sweden cuts rates, Norway stands pat
Sweden’s central bank cut interest rates on Thursday, while Norway left them on hold.
German industrial production drops, exports sink
Industrial production in Germany dropped by more than expected in September, according to figures from Destatis, while the country's trade surplus shrank as exports declined.
US mortgage applications sink by nearly 11%
US mortgage applications continued to decline over the last week of October, according to data out on Wednesday from the Mortgage Bankers Association, as mortgage rates remained elevated.
Eurozone producer prices fall in September
Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations.
Eurozone business activity stagnates - PMI
The Eurozone economy failed to gain ground in October, a closely-watched survey showed on Wednesday, weighed down by weakness in Germany and France.
German factory orders rebound strongly
Factory orders in Germany unexpectedly jumped in September, rebounding sharply after a heavy fall the previous month, as orders for large transportation vessels surged.
US services sector activity picks up further in October, ISM says
Services sector activity in the US continued to expand at a brisk clip last month, the results of a closely followed survey revealed.
US trade deficit jumps to 30-month high
The US trade deficit rose to its highest in 30 months in September as businesses rushed to import goods before a planned strike at American ports.
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
RBA holds rates as inflationary pressures persist
The Reserve Bank of Australia (RBA) held its cash rate steady at 4. 35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battle persistently high inflation.
China's services sector grows more than expected - Caixin
Activity in China’s services sector picked up more than expected in October, according to a survey released on Tuesday.