Financial News

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

UK retail sales beat forecasts on Friday, countering effects of the UK inflation numbers on sentiment toward Bank of England monetary policy plans.

Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.

Mild weather remains a key problem for natural gas bulls.

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

The Expectations Index moved back above the key 80 level, which is historically associated with recession.

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

UK inflation figures for November could force the Bank of England to reconsider its interest rate goals and begin discussions about rate cuts.

The USD/JPY tumbled in response to the Bank of Japan monetary policy decision. However, BoJ Governor Kazuo Ueda will be in focus at the press conference.

NAHB noted that buyers who were previously priced out of the market were taking a second look.

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

Inflation figures from the Eurozone, the UK, and the US could influence bets on monetary policy while the BoJ considers a pivot from negative rates.

Increasing scrutiny of the US digital asset space and the SEC countered the positive effects of dovish FOMC projections to leave cryptos in the red.

Scope Ratings’ baseline for 2024 is for a soft landing for the global economy, a turn of the global rate cycle, fiscal pressure, and ongoing geopolitical risk.

The manufacturing sector remains under pressure as factories reduce production.

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

Following the inflation numbers from the weekend, economic indicators from China revealed an uptick in economic activity midway through Q4 2023.

European Central Bank noted that current interest rates would push inflation towards the 2% target if they are maintained for a sufficiently long duration.

The federal funds rate projection for 2024 was changed from 5.1% to 4.6%.

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