Stocks News

Central banks are balancing inflation control with economic growth, impacting financial markets and currency values.

It was a mixed Monday to Friday for the crypto market. XRP was underwater as investors reacted to the latest court schedule, while DOGE was on the move.

Rising U.S. unemployment claims and a negative Philly Fed survey signal a softening labor market and manufacturing decline.

October saw a 0.5% PPI drop and 0.1% retail sales dip in the US, while NY manufacturing grew modestly despite fewer orders.

October’s CPI report: Inflation flat at 0.0%, Core CPI modest at 0.2%, surprising experts, raising economic and Fed policy questions.

Crypto-spot ETF-related news remained the focal point. However, investor uncertainty about the SEC v Ripple case left XRP trailing the broader market.

Lagarde forecasts potential Euro zone inflation rise, with ECB’s rate strategy and policies key to reaching 2% target and EUR/USD value.

Euro area retail sales dips more than forecasted, non-food sectors slump, while Spain’s growth defies the trend.

October jobs report falls short of estimates with a 150,000 increase, signaling mixed labor market health.

In October, the private sector added 113,000 jobs, missing the Dow Jones forecast of 130,000, while wage growth hit a one-year low at 5.7%.

In October 2023, Eurostat forecasts a drop in Euro area inflation to 2.9% from 4.3%, a sharp -11.1% energy rate decline, and a 0.1% GDP dip.

BTC-ETF market news fueled demand for cryptos. However, XRP trailed amidst fear of the SEC appealing the Programmatic Sales ruling.

In September 2023, US personal income rose $77.8 billion (0.3%), spending surged by $138.7 billion (0.7%), and Core PCE inflation held steady at 0.3%.

In Q3 2023, GDP surged to 4.9% driven by consumer spending, though personal savings saw a decline, hinting at future financial concerns.

October’s PMI shows UK contraction led by manufacturing; declining orders, staffing worsen bearish outlook amid rising costs, weak exports.

Despite minor improvements in manufacturing, the bearish outlook for the German economy persists, driven by widespread issues across sectors.

The big story of the week was the SEC dropping the charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

Earnings season shows mixed results, putting pressure on the “Magnificent Seven” amid high valuations.

Jobless claims fell 13,000, hinting at a strong labor market amid inflation, while Philly Fed’s activity index stays negative.

Strong September retail sales bolster U.S. economic resilience but put the Fed in a bind, balancing inflation risks and stability.