International Economic
US pending home sales rise 2.5% in December
US pending home sales rose in December for the first time in seven months, according to data released on Friday by the National Association of Realtors.
US consumer tightens her purse strings towards the end of 2022
The US consumer spent with a bit less abandon towards the end of 2022 even as price pressures continued to ebb as anticipated.
US consumer confidence rises and price expectations dip, University of Michigan says
Consumer confidence in the US rose a bit more than initially thought at the beginning of 2023, the results of a closely survey revealed.
Bitcoin consolidates at $23,000 as the market puts the focus on the Fed
There are mixed signals in the cryptocurrency market at the moment. Bitcoin (BTC) has rebounded 0. 15% in the last 24 hours and remains above $23,000, while Ethereum (ETH) has dropped more than 1% and moves away from $1,600.
US weekly jobless data comes in mixed, initial claims hit new cycle low
Jobless claims data in the US revealed that firms continued to hold onto workers although hiring appeared to be reversing the gains seen over the Christmas holidays.
US Q4 GDP growth edges past forecasts, up by 2.9%
The US economy expanded a tad more quickly than expected during the fourth quarter of 2022, boosted in part by inventory rebuilding.
US new home sales pick up in December, but down for the year
US new home sales rose in December, but fell overall in 2022, according to figures released on Thursday by the Commerce Department.
US durable goods orders surge in December, as aircraft orders more than double
Orders in the US for goods made to last more than three years surged at the end of 2022.
US visible trade deficit widens significantly in December
America's shortfall on trade in goods with the rest of world yawned wider at the end of 2022.
German business confidence improves in January, led by expectations, Ifo says
Business confidence in the euro area's largest economy improved by as much as expected at the start of 2023, the results of a closely followed survey showed.
Cryptocurrencies fall sharply; "Bitcoin is overbought"
Sharp falls of 2. 6% in the cryptocurrency market. Bitcoin (BTC) retreats more than 1% in the last 24 hours and is again well below $23,000 after overcoming this resistance for the third time in the last 4 days; for its part, Ethereum (ETH) drops about 5% and trades around $1,550.
Euro area business activity stabilises in January, PMIs show
Business activity in the single currency bloc steadied at the start of 2023 thanks to lower energy prices and optimism around China's reopening, the results of two closely followed surveys revealed.
Contraction in US private sector activity eases in January, PMIs show
The rate of decline in US private sector activity eased at the start of 2023, although hiring remained soft, survey results revealed.
Cryptocurrencies rebound; Bitcoin recovers at the $23,000 level
The cryptocurrency market has rebounded remarkably after a hesitant start of the week. Bitcoin (BTC) has risen more than 1% in the last 24 hours and is now above $23,000; the rebound of the reigning cryptocurrency has allowed the market to regain the $1 trillion market capitalization. For its part, Ethereum (ETH) is trading slightly lower, but remains above $1,600.
German consumer confidence edges higher
German consumer confidence is continuing to edge higher, a closely-watched survey showed on Tuesday, as energy costs ease.
Index of leading US economic indicators falls by more than expected in December
A gauge of economic indicators designed to provide forward guidance on the US economy fell more sharply than expected at the end of 2022.
Bitcoin targets $23,000; is correction in sight for 'cryptos'?
Calm reigns in the cryptocurrency market. Bitcoin (BTC) has dropped 0. 75% in the last 24 hours, but remains close to $23,000, while Ethereum (ETH) has accumulated a rise of 0. 47% in the last day and has comfortably surpassed $1,600, standing at levels not seen since November 2.
German producer prices fall in December
German producer price inflation fell slowed sharply in December to its lowest rate in more than a year, according to official data released on Friday, in another sign that cost and price pressures may have peaked.
Cryptos rebound; Bitcoin hovers around $21,000 after Genesis bankruptcy
Moderate rebound in the cryptocurrency market. Bitcoin (BTC) is near $21,000 after rising 0. 5% in the last 24 hours, while Ethereum (ETH) has soared 1. 2% to $1,550 after a day of heavy losses.
Boston Fed's Collins argues for rates rising to just above 5.0%
The head of the Federal Reserve Bank of Boston argued for interest rate hikes to just above 5. 0% and then holding at that level "for some time".