Financial News

Political deadlock in Germany and France limits the prospect of implementing reforms proposed by the Draghi report, which, together with Southern Europe’s productivity gap, challenges Europe’s growth outlook.

The central bank decided to cut the federal funds rate by 50 bps.

Gasoline inventories increased by 0.1 million barrels, missing analyst expectations.

US housing starts surged 9.6% in August to a 1.36M rate, driven by lower mortgage rates. Builder stocks hit highs, but inventory challenges persist.

Unexpected rise in UK core inflation sparks concerns over BoE’s upcoming rate decision.

The report showed that builder confidence increased as interest rates moved lower.

U.S. retail sales rose 0.1% in August, beating forecasts. Nonstore retailers led with 7.8% growth, fueling speculation of a Fed rate cut amid slowing inflation.

Empire State Manufacturing Survey shows first expansion in a year. Shipments surge, pricing stable. Optimism grows, but capital spending declines.

Rising bets on a 50-bps Fed rate cut fuel crypto demand, sending market up 8.62% as BTC hits $60,381.

Year-ahead inflation expectations dropped to the lowest level since December 2020.

U.S. import and export prices fall in August 2024, led by declining fuel, agricultural, and semiconductor prices. Read the full analysis now.

Natural gas prices are moving higher as traders stay focused on the potential impact of Hurricane Francine.

Inflation persists as August PPI beats forecasts. Rising service costs and a strong labor market shape a bearish outlook for the economy.

Gasoline inventories increased by 2.3 million barrels, exceeding analyst expectations.

Core inflation jumps 0.3% in August, driven by a 0.5% rise in shelter costs. Fed may rethink future rate cuts as inflation concerns linger.

August CPI release crucial for Fed policy and markets. Inflation trend and labor market concerns shape expectations. S&P 500 up 15.2% YTD, investors watchful.

Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.

Fed rate cut speculation pressures cryptos as US job data boosts investor sentiment. Crypto market cap down 5.23% by Sept. 7.

A DeFi platform linked to Donald Trump’s family aims to raise funds through the sale of 30% of its WLFI tokens, a move that could generate over $500 million

August jobs report reveals slowing growth. Unemployment at 4.2%. Wage increase of 3.8% year-over-year. Labor market shifts could affect financial markets.