Financial News
- James Hyerczyk
US labor market sees remarkable growth with nonfarm payrolls rising by 216,000, surpassing expectations.
- James Hyerczyk
Euro area faces rising 2.9% inflation and falling industrial prices, highlighting a complex economic landscape.
- Bob Mason
German retail sales figures aligned with expectations of a euro area economic recession. Eurozone inflation figures for December are next up.
- Ibrahim Ajibade
Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off.
- Vladimir Zernov
The report indicated that a more challenging demand environment had dampened firms’ pricing power.
- James Hyerczyk
December’s private payrolls surpass expectations with 59,000 leisure sector jobs, amid concerns over slowing wage growth, according to ADP.
- Bob Mason
The China Caixin Services PMI and Caixin Manufacturing painted a rosier picture of the Chinese economy in December.
- Ibrahim Ajibade
Bitcoin (BTC) price plunged by 7% Wednesday morning, sinking as low as $41,804.95 amid rumors that the SEC could reject Spot BTC ETF applications.
- Vladimir Zernov
Fed policy will remain at a restrictive stance for some time until inflation is clearly moving down towards the target.
- James Hyerczyk
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.
- Vladimir Zernov
Output fell at the fastest rate for six months amid weak client demand.
- James Hyerczyk
Eurozone manufacturing sector finishes 2023 with another strong reduction in output.
- Bob Mason
It is an important first week of the year for the global financial markets. Economic indicators will influence bets on Q1 2024 rate cuts.
- Bob Mason
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.
- Vladimir Zernov
Markets stay calm as traders prepare for the next year.
- Vladimir Zernov
Oil prices rebound from recent lows as traders react to the EIA report.
- James Hyerczyk
Unexpected rise in unemployment claims indicates a shifting job market, despite a stable four-week average and mixed state trends.
- Vladimir Zernov
The report indicated that Texas factory activity stabilized in December after contracting in November.
- Bob Mason
The US, the Japanese, and the Chinese economies will be in focus as the markets prepare for 2024 and heightened central bank activity.
- Bob Mason
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.
