Financial News

Tesla’s (TSLA) earnings miss forecasts, record deliveries contrast with revenue shortfall and Musk’s control demands cause investor debate.

U.S. PMI reports easily beat analyst expectations, highlighting the strength of the U.S. economy.

Germany’s service sector declines with PMI at 47.6 amid costs and tensions, while manufacturing slowly recovers, PMI at 45.4 despite pressures.

Netflix (NFLX) shares jump after hours, revenue hits $8.83B, surpassing estimates despite a slight miss in EPS, showcasing market strength.

EUR/USD pulled back below the 1.0850 level as traders reacted to the report.

Weak conditions in manufacturing and high interest rate environment were the key catalysts for the decline.

Private sector PMIs for January could set the tone for the week as recessionary signals flash red in Europe. Stimulus chatter from Beijing also needs tracking.

BTC and the broader crypto market were in negative territory this week. Profit-taking and easing bets on a March Fed rate hike likely contributed.

Consumer sentiment has risen nearly 60% above the all-time low in June 2022.

The UK retail sales figures for December could give the Bank of England the necessary incentive to begin discussions about rate cuts.

The shift of Türkiye’s monetary policy after the general elections last year has reduced risks of a deeper balance-of-payments crisis. If sustained, current policy would improve credit fundamentals.

Natural gas remained under pressure despite larger-than-expected inventory draw.

While housing starts declined, building permits surprised analysts by rising in December, indicating underlying strength in the housing sector.

The share of builders cutting home prices declined from 36% in December to 31% in January.

UK inflation numbers for December surprised the markets on Wednesday. Despite softer wage growth, the latest figures could leave rates higher for longer.

Economic data from China sent mixed signals. Weaker retail sales figures for December suggest a weakening domestic demand environment.

NY State business activity plunges to -43.7, lowest since May 2020. New orders, shipments down; employment, workweek dip; input prices rise.

UK wage growth, job vacancies, and payrolled employee figures could pressure the Bank of England to begin discussing interest rate cuts.

On Monday, Jan 15, Venezuela announced a decision to phase out its government-backed cryptocurrency, Petro (PTR), just five years after it was first launched in February 2018.

A more marked-than-expected decline in wholesale prices could give the ECB more reason to begin discussing interest rate cuts.