Stocks News

It has been a choppy week for the crypto market. Rumors of the SEC planning to reject or delay approvals sent the crypto market into negative territory.

US labor market sees remarkable growth with nonfarm payrolls rising by 216,000, surpassing expectations.

December’s private payrolls surpass expectations with 59,000 leisure sector jobs, amid concerns over slowing wage growth, according to ADP.

November 2023 saw a stable US job market with steady job openings at 8.8 million and consistent quits and layoffs, despite minor shifts in professional services hiring.

Eurozone manufacturing sector finishes 2023 with another strong reduction in output.

A ruling from the SEC v Terraform Labs case impacted buyer appetite for cryptos. However, progress toward the BTC-spot ETF market remains a tailwind.

Unexpected rise in unemployment claims indicates a shifting job market, despite a stable four-week average and mixed state trends.

Fed’s possible 2024 rate cuts could boost interest-sensitive sectors, tech, and consumer stocks, urging diversified investment strategies.

The SEC vs. Ripple case entered its third year, with Coinbase also in the courts. Progress toward a crypto-spot ETF market contributed to BTC gains this week.

In November 2023, the PCE price index edged up by 0.1%, reflecting controlled inflationary pressures.

In the third quarter of 2023, U.S. real GDP growth slowed to 4.9%, adjusted down from an initial 5.2% estimate.

The October 2023 Euro Area current account marked a substantial surplus of €34 billion, exceeding expectations and the previous month’s €31 billion.

The ifo Business Climate Index’s fall to 86.4 points in December mirrors the growing unease in German businesses.

Empire State Survey shows New York manufacturing decline with falling orders and shipments, maintaining a bearish outlook.

The Fed’s decisions and remarks from Chairman Powell will critically influence near-term financial market trends, from Treasury yields to Wall Street.

November’s steady PPI and stable Core PPI highlight market equilibrium amid contrasting sector-specific trends in the U.S. economy.

November CPI up 0.1% with core CPI rising 0.3%, showing shifts in US inflation led by housing, healthcare, and energy declines.

November CPI crucial for Fed’s rate decisions; stable headline CPI but high core inflation; Fed seeks more evidence for rate cuts.

The crypto market continued to respond to BTC-spot ETF-related news, countering anti-crypto rhetoric from Capitol Hill.

November’s nonfarm employment rose by 199,000, unemployment dipped to 3.7%, and wages grew to $34.10, signaling economic strength.