International Economic
Russia to cut oil output by 500,000 barrels a day
Russia said on Friday that it will oil production by 500,000 barrels a day next month in retaliation against Western sanctions over the war in Ukraine.
Cryptos and Bitcoin plummet after SEC ruling against Kraken
Cryptocurrencies are plummeting on Friday. Bitcoin (BTC) has fallen 3. 4% in the last 24 hours and lost $22,000, while Ethereum´s (ETH) drop is sharper: it has retreated 4. 9% and is down to $1,550. In the last five days, the two main 'tokens' of the market have fallen more than 6% and 5%, respectively.
China CPI ticks higher in January
Consumer price inflation in China ticked up in January as the country reopened after more than two years of Covid restrictions, according to figures released on Friday by the National Bureau of Statistics.
US initial jobless claims rise by 13,000
Americans lined up for unemployment benefits at an accelerated clip in the seven days ended 4 February.
Cryptos fall; Bitcoin loses $23,000 on inflation concerns
The cryptocurrency market turns bearish. Bitcoin (BTC) falls 2% in the last 24 hours and stands at around $22,700, while Ethereum (ETH) drops 2. 5% and remains at $1,630.
Sweden lifts rates to 3%, sees rise in spring, to start bond sales in April
Sweden's central bank lifted its benchmark policy rate to by 0. 5 percentage points to 3% on Thursday and said a further rise was likely in the spring as it also announced a government bond sale from April to reduce asset holdings at a faster pace.
German consumer prices rise by less than expected in January
The cost of living in Germany rose by less than expected by economists at the start of 2023.
Fed's Williams says there's still 'work to do', 'a lot of uncertainty ' around inflation outlook
The Federal Reserve has its work cut out for it in bringing supply and demand into balance, a top official said.
Cryptos rebound; Powell boosts Bitcoin above $23,000
The cryptocurrency market rebounds. Bitcoin (BTC) rises 1. 2% in the last 24 hours and exceeds $23,200, while Ethereum (ETH) soars 2. 6% and flirts with $1,700.
Fed's Powell says message from last policy meeting was that "disinflation process" had begun
The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.
US foreign trade deficit widens a tad less than expected in January
America's shortfall on trade with the rest of the world widened by less than expected at the end of 2022, as import growth picked up.
Fed's Kashkari tells CNBC rates headed to 5.25-5.5%
A top US central bank official made the case for "aggressive" interest rate hikes in the wake of recent far stronger-than-expected readings for hiring.
Nervousness abounds in cryptos and Bitcoin as they await Powell's remarks
Few movements in cryptocurrencies, while they wait for Federal Reserve (Fed) Chairman Jerome Powell to speak today, on Tuesday. Bitcoin (BTC) is practically flat in the last 24 hours and stands very close to $23,000, while Ethereum (ETH) drops slightly and maintains, for the moment, at $1,600.
German industrial production falls more than expected
German industrial production fell much more than expected in December, according to figures released by Destatis on Tuesday.
Liberum downgrades Taylor Wimpey on valuation grounds
Liberum downgraded Taylor Wimpey on Monday as it took a look at the UK housebuilding sector.
Eurozone retail sales fall more than expected in December
Eurozone retail sales fell a little more than expected in December, according to figures released on Monday by Eurostat.
Nervousness and losses abound for cryptos after the surprising U.S. jobs report
The cryptocurrency market falls. Bitcoin (BTC) drops more than 2% in the last 24 hours and is below $23,000, while Ethereum (ETH) retreats another 2% as it tries to hold $1,600.
German factory orders rebound in December on large-scale demand
German factory orders bounced back in December as large-scale orders boosted demand, according to official data released on Monday.
US services sector activity rebounds in January
Activity in the US services sector rebounded sharply at the beginning of the year, led by a surge in new orders, the results of a closely followed survey revealed.
US non-farm payrolls jump by 517,000 in January
Hiring in the US shot higher at the start of 2023.