Financial News

A wider Middle East conflict could adversely impact the credit ratings of some euro-area sovereigns if this resulted in further monetary-policy tightening to tame renewed rises in inflation, and thus weaker growth.

The Conference Board expects that U.S. economy will fall into a very short recession.

Central banks are balancing inflation control with economic growth, impacting financial markets and currency values.

Central banks will be in the spotlight in the week ahead. The Bank of England may have more to say after the recent inflation and retail sales figures.

It was a mixed Monday to Friday for the crypto market. XRP was underwater as investors reacted to the latest court schedule, while DOGE was on the move.

SP500 futures pulled back from session highs in premarket trading as Treasury yields moved higher.

Lagarde underscores Europe’s challenges in deglobalization and need for 620 billion euros annually for a green transition and unified market.

UK retail and core retail sales unexpectedly fell in October, with revisions to September numbers also signaling a deteriorating economic environment.

High mortgage rates put significant pressure on builder confidence.

Rising U.S. unemployment claims and a negative Philly Fed survey signal a softening labor market and manufacturing decline.

The report showed that gasoline inventories declined for two consecutive weeks.

October saw a 0.5% PPI drop and 0.1% retail sales dip in the US, while NY manufacturing grew modestly despite fewer orders.

UK inflation figures for October were weaker-than-forecasted. However, core inflation remained elevated at 5.7% vs. 6.1% in September.

Markets prepare for the end of the rate hike cycle as inflation rate falls faster than expected.

October’s CPI report: Inflation flat at 0.0%, Core CPI modest at 0.2%, surprising experts, raising economic and Fed policy questions.

German ZEW optimism rises, countering Euro Zone GDP dip as job growth shows resilience.

UK wage growth dashed hopes of the Bank of England starting to discuss interest rate cuts. One of Civil Service payments blurred the picture.

It could be a pivotal week for the US dollar and the Pound in particular. Key economic indicators will influence rate hike and rate cut bets.

Crypto-spot ETF-related news remained the focal point. However, investor uncertainty about the SEC v Ripple case left XRP trailing the broader market.

Lower-income consumers and younger consumers exhibited the strongest declines in sentiment.