Financial News
- 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.
- Vladimir Zernov
The University of Michigan noted substantial improvements in how consumers view the trajectory of inflation.
- James Hyerczyk
In November 2023, the PCE price index edged up by 0.1%, reflecting controlled inflationary pressures.
- Bob Mason
UK retail sales beat forecasts on Friday, countering effects of the UK inflation numbers on sentiment toward Bank of England monetary policy plans.
- Ibrahim Ajibade
Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.
- Vladimir Zernov
Mild weather remains a key problem for natural gas bulls.
- James Hyerczyk
In the third quarter of 2023, U.S. real GDP growth slowed to 4.9%, adjusted down from an initial 5.2% estimate.
