Financial News
- James Hyerczyk
The slight decrease in initial claims, combined with the stability in the insured unemployment rate, indicates that the labor market is holding steady.
- Bob Mason
German private sector PMI numbers contrasted with disappointing numbers from France, shifting focus to the Eurozone PMIs.
- James Hyerczyk
Nvidia’s Q1 earnings surpass market expectations, driven by high demand for AI chips, boosting its stock in extended trading.
- Vladimir Zernov
Some Fed members are worried that high interest rates may be having smaller effects than in the past.
- Vladimir Zernov
Gasoline inventories declined by 0.9 million barrels.
- Dennis Shen
The UK likely faces rising public debt after coming general elections, given a lack of priority to change policy. Even though the UK benefits from significant debt tolerance, rising debt poses a long-term rating risk.
- Bob Mason
The UK annual inflation rate declined markedly in April. However, core inflation remained elevated, with the annual inflation rate holding above the BoE target.
- James Hyerczyk
Waller’s critical stance on the recent progress reflects a cautious optimism, grading the inflation report as “C-plus.”
- Bob Mason
German producer prices nudge higher in April, while energy costs drag yearly figures down. Eurozone trade data and labor costs are up next.
- Ibrahim Ajibade
Ethereum prices received a remarkable 20% boost on May 20 as media reports suggests an imminent approval of ETH spot ETF by the US SEC.
- James Hyerczyk
Fed officials remain cautious on rate cuts, focusing on inflation. Despite April’s data, a June rate cut is unlikely; markets eye September.
- Bob Mason
It could be a pivotal week ahead for investors eyeing more conviction from central banks on their policy intentions for interest rates.
- Bob Mason
US inflation and retail sales figures raised investor expectations of a September Fed rate cut, driving buyer demand for BTC and the broader crypto market.
- Ibrahim Ajibade
Crypto News Today: U.S. Senate votes against SEC crypto rule, CME Group plans spot Bitcoin trading, and JPMorgan reports a drop in Bitcoin mining costs. Stay updated on the latest developments in cryptocurrency. In today’s crypto news, the U.S. Senate votes to overturn an SEC rule affecting banks’ dealings with
- Eiko Sievert
Italy’s government needs to devise a credible medium-term fiscal consolidation plan to stabilise public debt given challenges of high interest costs, excessive past tax incentives, and delays in recovery plan spending.
- James Hyerczyk
Euro area inflation remained stable in April 2024, driven primarily by the services sector, while overall EU inflation also remained steady.
- Ibrahim Ajibade
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day of inflows. Blackrock’s IBIT ETF Leads the Way with $94M Inflows BlackRock’s IBIT, the second largest in terms of net asset value, saw the largest amount of
- Bob Mason
China’s economic indicators show strength and strain in April, affecting the Hang Seng Index trajectory early in the Friday Asian session.
- Ibrahim Ajibade
The crypto market entered a mild-correction phase on May 16 after pulling in over 100 billion capital inflows in the last 24-hours. As institutional involvement in crypto grows, Vanguard, Microstrategy and Blocktower dominated the headlines with varying landmark events. Vanguard’s New CEO Rules Out Spot Bitcoin ETF Launch Salim Ramji,
- Vladimir Zernov
Natural gas prices test new highs as traders react to the bullish report.
