International News
Europe close: Stocks stronger ahead of big central bank decisions
European markets managed to stay above the waterline by the close on Friday, as investors digested US inflation data, and looked towards interest rate decisions from the US and UK next week.
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.
Cryptocurrencies on the rise; Bitcoin reconquers $17,000
The cryptocurrency market is going to close the week strongly. Bitcoin (BTC) has rallied over 2% in the last 24 hours and is trying to consolidate at $17,200, while Ethereum (ETH) has risen almost 4% in the last day and is racing to recapture $1,300.
China consumer price inflation eases in November
Consumer inflation eased in China in November, according to figures released on Friday.