Financial News

China’s economy slows to 4.6% growth in Q3 2024, with retail sales and industrial output offering signs of recovery ahead of Q4.

Netflix adds 5.1M subscribers, beating Q3 expectations with $9.83B revenue, boosting shares 4%, while TSMC’s 54% profit surge on AI demand sends stock up 10%. Elevance Health drops 10% after Q3 earnings miss.

Domestic oil production increased from 13.4 million bpd to 13.5 million bpd.

Natural gas prices are moving away from recent lows as traders react to the EIA report.

U.S. retail sales rose 0.4% in September 2024, driven by strong e-commerce growth. Discover the full economic impact and market outlook in our detailed analysis.

ECB cuts rates to 3.25%, signaling further easing as eurozone inflation falls below target. Weak growth forecasts for Germany and France could drive more market volatility.

Eurozone inflation dips below 2% target, cementing expectations for ECB’s 25-basis point rate cut but eyes now on December.

GBP/USD tumbles as UK inflation falls below BoE target, fueling rate cut expectations.

Donald Trump launched World Liberty Financial (WLFI) token on Tuesday, Oct 15, making cryptocurrencies a central theme in the Republican campaign trail.

ASML shares plunge 15% after a surprise earnings release, with a lowered 2025 forecast sparking declines in Nvidia, AMD, and other major chip stocks.

New York manufacturing activity contracts as October’s Empire State index drops to -11.9, but optimism rises with 55% of firms expecting growth in 6 months.

UK unemployment falls to 4.0% in August, adding pressure on BoE’s rate policy amidst weaker wage growth and inflation outlook.

While the SEC vs. Ripple case continued to take center stage, the SEC pursued its regulation through enforcement by suing another crypto exchange.

At current levels, Consumer Sentiment is 8% stronger than a year ago.

On a year-over-year basis, Core PPI exceeded analyst estimates.

Natural gas traders will stay focused on the impact of Hurricane Milton.

Initial Jobless Claims increased to 258,000, raising worries about the situation in the job market.

German retail sales surged 1.6% in August, easing recession fears and challenging ECB rate cut expectations.

Gasoline inventories declined by 6.3 million barrels from the previous week.

Italy aims to accelerate fiscal tightening to exit the Excessive Deficit Procedure earlier than expected, but high public debt, structural economic weaknesses and unfavourable demographics pose challenges.