International Economic
Fed's Powell says rate hikes may slow, but path of inflation 'highly uncertain'
The head of the US central bank opened the door to a downshift in the pace of interest rate hikes as soon as December.
Chicago PMI craters in November
Manufacturing sector activity in the Chicago registered an outsized slump in November, the results of a survey revealed.
US pending home sales fall slightly less than expected in October
Contracts to purchase previously owned US homes declined for the fifth month in a row in October, albeit slightly less than expected, as higher mortgage rates continued to weigh on the market.
US job openings fall by 353,000 in October
The number of job openings in the US fell by 353,000 in October to 10. 3m, in line with market expectations.
US Q3 GDP expands a tad more quickly than expected
America's economy expanded at a slightly quicker pace than expected over the three months ending in September.
State Street pulls out of Brown Brothers Harriman deal
State Street pulled out of its proposed acquisition of Brown Brothers Harriman Investor Services, by mutual consent, following regulatory feedback.
US private sector hiring slows in November, ADP says
Hiring in the US slowed by more than expected in November, the results of a survey showed.
Beijing mulling second round of booster shots
Officials in Beijing are mulling rolling out a second round of booster shots against Covid-19 as part of the country's drive to lay the groundwork for its reopening.
US mortgage applications drop 0.8% week-on-week
US mortgage applications fell 0. 8% in the week ended 25 November, according to the Mortgage Bankers Association, following a 2. 2% advance in the previous week.
German unemployment rises in November
German unemployment rose in November, according to official data released on Wednesday.
Eurozone inflation eases more than expected in November
Eurozone inflation eased more than expected in November, according to a flash estimate released on Wednesday by Eurostat, paving the way for a 50 basis points rate hike by the European Central Bank.
Gains and volatility for cryptos, pending Powell´s speech and FTX´s contagion effect
Cryptocurrencies maintain their upward trend despite market turbulence. Bitcoin (BTC) aims for $17,000 and rises almost 3% in the last 24 hours, while Ethereum (ETH) soars more than 5. 5% and is close to reconquering the $1,300 it lost in the days prior to FTX´s collapse.
China factory activity shrinks more than expected amid Covid curbs
China’s manufacturing activity shrank faster than expected in November as Covid restrictions took their toll, according to data released on Wednesday by the National Bureau of Statistics.