Financial News
- James Hyerczyk
German inflation hits 1.6% in September, lowest since 2021. Energy costs plummet while food prices rise. ECB faces pressure to cut rates as eurozone inflation falls.
- Bob Mason
September’s private sector PMI numbers from China highlighted the pressing need for stimulus and policy measures to bolster China’s economy.
- Bob Mason
US economic indicators boost soft landing hopes and fuel 50-bps Fed rate cut bets, driving demand for cryptos.
- Vladimir Zernov
According to the report, the increase was seen across all education groups and political affiliations.
- Thomas Gillet
Türkiye’s restrictive monetary policy continues to drive disinflation, bolster external accounts and replenish official reserves, improving the economic outlook despite persistent inflation and a wide budget deficit.
- Vladimir Zernov
Natural gas traders will also stay focused on the potential impact of Hurricane Helene.
- James Hyerczyk
U.S. jobless claims dip to 218K, signaling labor market strength, while Q2 GDP growth holds at 3%, driven by strong consumer spending and inventories.
- Ibrahim Ajibade
Crypto market cap hit $2.19 trillion on Sept 26, up $230B since US Fed cut rates on Sept 18, here are 5 major news events moving the markets this week.
- Bob Mason
German consumer sentiment improved modestly, according to the September survey. However, sub-components paint a gloomy picture of the economy.
- Vladimir Zernov
Gasoline inventories decreased by 1.5 million barrels, missing analyst expectations.
- James Hyerczyk
August saw a 4.7% decline in new home sales, falling short of expectations. Yet, a notable 9.8% year-over-year increase suggests long-term growth.
- Vladimir Zernov
Consumers earning less than $50,000 experienced the largest decrease in confidence.
- James Hyerczyk
S&P CoreLogic Index hits record highs in July 2024, with 14 months of growth, but price gains are slowing, signaling a cooling U.S. housing market.
- Bob Mason
RBA stays firm on inflation control, no rate hike discussions as AUD/USD slides during the RBA Press Conference.
- Vladimir Zernov
The economy remains dependent on the services sector for growth.
- James Hyerczyk
Eurozone PMI contracts to 48.9 in September, signaling an economic slowdown in both services and manufacturing. Is a deeper recession on the horizon?
- Bob Mason
Fed rate cut and labor data spark a 6.85% crypto market rally, outperforming equities.
- Vladimir Zernov
Natural gas prices remain under pressure as traders react to the EIA report.
- James Hyerczyk
US labor market resilience contrasts mixed manufacturing signals. Unemployment claims drop as production rises, yet supply chain issues persist. Cautiously bullish outlook.
- Alvise Lennkh
Political deadlock in Germany and France limits the prospect of implementing reforms proposed by the Draghi report, which, together with Southern Europe’s productivity gap, challenges Europe’s growth outlook.
