International Economic
Cryptocurrencies turn downward after Fed meeting; Bitcoin loses $18,000
There´s been a downward turn for cryptocurrencies. Bitcoin (BTC) falls about 0. 5% in the last 24 hours and abandons the $18,000 level once again, while Ethereum (ETH) also fails to keep pace and drops about 2. 5% to return to below $1,300.
Norway central bank lifts rates by 25 basis points
Norway's central bank lifted its benchmark interest rate on Thursday by 25 basis points to 2. 75%, as expected.
SNB hikes rates by 50 basis points
The Swiss National Bank lifted its key policy rate on Thursday by 50 basis points to 1. 00%, in line with expectations.
EU new car registrations rise again in November
Europe’s passenger car market saw another “strong uplift” in November, according to industry data released on Thursday, with passenger car registrations rising for the fourth consecutive month, by 16. 3%.
China's economy falters as factory output, retail sales fall
China’s economy continued to struggle in November, official data showed on Thursday, with both industrial production and retail sales missing estimates.
Federal Reserve hikes rates by 50bp, raises inflation forecasts
Rate-setters in Washington shifted down their pace of interest rate hikes as expected, even as they pushed back on expectations that monetary policy could start to be loosened in the back half of 2023.
Oil demand set to grow with price spike possible - IEA
Oil-demand was forecast to grow with possible price rises on supply disruption, the International Energy Agency (IEA) said on Wednesday.
US import prices fall by more than expected in November
The cost of imported goods in America fell by more than expected last month led by a drop in fuel import prices.
Von der Leyen calls for looser EU state aid rules
The president of the European Commission has called for a relaxation in state aid rules for green tech in response to the US Inflation Reduction Act.
US mortgage applications rise 3.2%
US mortgage applications rose 3. 2% in the week ended 9 December, the first gain in three weeks and the highest increase since September.
Industrial production falls across Eurozone
Industrial production fell sharply across the Eurozone in October, official data showed on Wednesday.
Good CPI data boosts cryptos, but Binance's situation is a concern
The cryptocurrency market continues to rise. Bitcoin (BTC) rallies 3. 75% in the last 24 hours and tries to reconquer $18,000, a level it hasn´t reached for more than a month, while Ehereum (ETH) bounces more than 4% and consolidates at $1,300.
US CPI growth slows a bit more than expected in November
The cost of living in the US slowed a bit more quickly than anticipated in November, as energy and used vehicle prices continued to retreat.
German business sentiment improves in December - ZEW
German business sentiment improved a little in December, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Cryptos gain, focused on the Fed, FTX and the Binance investigation
The cryptocurrency market is experiencing a sensitive rebound in recent hours. The upward momentum has led Bitcoin (BTC) to rise 1. 3% and surpass $17,000, while Ethereum (ETH) is rebounding 1. 5% and has launched itself towards $1,300.
German inflation ticks lower
German inflation nudged lower in November, official data showed on Tuesday, as energy prices softened.
Announcement of 'major' breakthrough in nuclear fusion expected on Tuesday
Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
Losses and nervousness for cryptocurrencies, as they await the Fed
Cryptocurrencies start the week with losses. Bitcoin (BTC), the reigning cryptocurrency, has fallen more than 1% in the last few hours and is once again trading for less than $17,000, while Ethereum (ETH), the largest 'altcoin' in the market, has dropped more than 2% and is once again moving away from $1,300.
Preliminary reading of UoM's consumer sentiment index shows unexpected increase in December
A preliminary reading of the University of Michigan's consumer confidence showed an unexpected jump to 59. 1 in December, up from 56. 8 in November and beating market forecasts for a reading of 56. 9.
US PPI comes in hotter than expected in November
US producer prices increased to 140. 98 points in November, according to the Bureau of Labor Statistics, up from 140. 56 points in October and ahead of forecasts, driven by services and underscoring the stickiness of inflationary pressures.