International Economic
Cryptocurrencies fall amid pessimism; "I don't know what could trigger a rebound"
Cryptocurrencies are going downhill. And possibly without brakes. Despite Bitcoin (BTC) and Ethereum (ETH) rebounding above 0. 1%, trying to regain $17,000 and to consolidate at $1,200, respectively, most cryptocurrencies are trading down. In the last 24 hours, the total market capitalization of 'cryptos' has retreated by 0. 11% to $809. 68 billion and everything points to the fact that it could retest the annual lows.
German consumer sentiment set to improve - GfK
German consumer sentiment is set to improve in January, thanks in part to the government’s energy relief packages, according to a survey released on Wednesday by market research group GfK.
US housing starts hold up in November, permits do not
The pace of homebuilding activity held up better than expected last month, the latest government data revealed, but the finer details pointed to a further slowdown ahead.
Cryptocurrencies rise; Bitcoin tries to recover $17,000
Cryptocurrencies rebound after the losses of the last few days. Bitcoin (BTC), the reigning cryptocurrency, has rebounded 0. 4% in the last 24 hours and stands at $16,800, still far from the $17,000 reached last week. Ethereum (ETH), meanwhile, has rallied 2% and regains $1,200.
PBoC holds loan prime rate steady
The People’s Bank of China kept its benchmark interest rates on hold for the fourth month in a row on Tuesday, in line with expectations.
Bank of Japan shocks markets with policy tweak
The Bank of Japan shocked markets on Tuesday as it held its benchmark interest rates steady but said it was widening its yield target range.
US homebuilder sentiment dips in December
Homebuilder sentiment in the US recorded its twelfth straight monthly decline at the end of 2022 on the back of higher mortgage interest rates and construction costs.
Cryptos´ volatility after central banks hangover
Cryptocurrencies are unable to recover for now. Bitcoin (BTC), the world's largest digital currency, has fallen 0. 10% on Monday and has lost the $17,000 level, while Ethereum (ETH), the largest altcoin, has dropped 0. 13% and is trying to consolidate near $1,200.
German business sentiment improves 'considerably' - Ifo
German business sentiment improved "considerably" in December, according to a survey released on Monday by the Ifo Institute.
US economic activity slows sharply in December, S&P Global says
Economic activity in the US slowed sharply further at the end of 2022, according to the results of two surveys.
Mazars quits work with crypto firms including Binance
Paris-based global auditor Mazars has suspended all of its work with cryptocurrency firms, it was reported on Friday, as the fallout from the collapse of FTX continued.
Eurozone trade deficit hits €26.5bn in October
The Euro Area's trade deficit narrowed to €26. 5bn in October, according to Eurostat, down from €37. 7bn in September as rising energy prices continued to weigh on the bloc.
EZ Dec PMI shows fall at slower rate
The fall in Eurozone business activity slowed in December, indicating that any recession in the single currency bloc could be milder than expected, a survey showed on Friday.
Cryptos extend losses after central banks rate hikes
Cryptocurrencies extend their losses. Bitcoin (BTC), the world's largest digital currency, has dropped more than 1% on Friday and is moving away from $18,000, while Ethereum (ETH), the largest altcoin, has fallen a little less and is trying to stabilize near $1,200.
US industrial production dips amid drag from manufacturing
Industrial production growth in the US fell short of forecasts last month due to the drag from factory and mining activity.
ECB will continue 50bp hikes for 'a period of time'
The European Central Bank will continue hiking interest rates by 50 basis points per meeting for "a period of time", President Christine Lagarde said.
Americans rein in their spending a bit in November
Americans unexpectedly reined in their spending a bit in November.
US initial jobless claims drop to lowest level in almost three months
US first-time unemployment claims fell by 20,000 in the week ended 10 December, dropping to 211,000 - the lowest level since the end of September and well below market expectations of 230,000.
US Philly Fed index rebounds a bit less than expected in December
Factory activity in the US mid-Atlantic region continued to shrink at the end of 2022, albeit at a slower clip, the results of a closely followed survey revealed.
ECB lifts rates by 50 basis points; outlook hawkish
The European Central Bank hiked interest rates on Thursday by 50 basis points, as expected, in the face of surging inflation.