Financial News

Lagarde forecasts potential Euro zone inflation rise, with ECB’s rate strategy and policies key to reaching 2% target and EUR/USD value.

SP500 futures are moving higher in premarket trading as traders bet that Fed will not raise rates this year.

The ECB’s Governing Council will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction.

Euro area retail sales dips more than forecasted, non-food sectors slump, while Spain’s growth defies the trend.

The French government is counting on an end to emergency support, more efficient public spending and above-potential GDP growth to reduce public debt. It is an optimistic plan given challenges ahead.

Eurozone industry prices (PPI) up monthly but down yearly with energy sector and regional variances driving a bearish outlook.

Trade data from China failed to counter the effects of the RBA policy decision despite an unexpected jump in imports as China looks to repair trade ties.

Eurozone’s Sentix Index improved, sparking cautious economic optimism, but global stagnation fears still check sentiment rise.

Financial markets brace for a week of uncertainty with pivotal events like Fed Chair Powell’s speeches, RBA’s rate hike, and UK GDP on the horizon.

Bitcoin spot-ETFs, XRP and Ripple, the WSJ article, and the SEC were in the spotlight. The Sam Bankman-Fried verdict got the Friday headlines, however.

The sector has grown in 40 of the last 41 months.

October jobs report falls short of estimates with a 150,000 increase, signaling mixed labor market health.

SP500 futures are moving higher in premarket trading as traders bet on a less hawkish Fed.

The Bank of England’s MPC paused its 14-hike streak due to Middle East events and looming inflation, suggesting possible future tightening.

The imports of one-offs limited the impact of Australian trade data on RBA rate hike bets. Imports surged by 7.5% in September.

Markets stay choppy as traders wait for Powell’s press conference.

In October, the private sector added 113,000 jobs, missing the Dow Jones forecast of 130,000, while wage growth hit a one-year low at 5.7%.

The China Caixin Manufacturing PMI for October raised question marks about the economic outlook and the effectiveness of stimulus measures.

Consumers are worried about rising prices, political situation, and high interest rates.

In October 2023, Eurostat forecasts a drop in Euro area inflation to 2.9% from 4.3%, a sharp -11.1% energy rate decline, and a 0.1% GDP dip.