Financial News
- James Hyerczyk
July 2024 inflation rises to 2.3% year-over-year. Energy prices surge, with gas up 11.4%. Service sector inflation slows, as transport and communication prices drop.
- Bob Mason
The UK core inflation rate declined in July, with softer services inflation significant. However, headline inflation rose, creating policy uncertainty.
- James Hyerczyk
Core PPI, excluding food, energy, and trade services, advances 0.3% in July, outpacing June’s 0.1% increase and hinting at stronger inflationary pressures.
- Bob Mason
On Tuesday, August 13, the UK unemployment rate unexpectedly declined in June, while wage growth softened, delivering more policy uncertainty.
- Bob Mason
It could be a pivotal week ahead for the markets, with economic data from the UK, the US, Japan, and Australia putting central banks on watch.
- Bob Mason
The crypto market cap was up 3.65% for the current week, with easing fears of a US recession driving buyer demand for riskier assets, including crypto.
- Bob Mason
July inflation numbers from Germany highlighted the challenges that the ECB faces with services inflation showing no signs of softening.
- Vladimir Zernov
Natural gas prices rebounded from session lows as traders reacted to the EIA report.
- James Hyerczyk
Markets respond positively to lower-than-expected jobless claims, suggesting potential economic stability amid growth concerns.
- James Hyerczyk
Eli Lilly reports Q2 EPS of $3.92, exceeding expectations. Revenue reaches $11.30 billion, driven by strong drug sales.
- Vladimir Zernov
Gasoline inventories increased by 1.3 million barrels, exceeding analyst expectations.
- James Hyerczyk
Dow Jones component Disney’s combined streaming services posted an operating profit of $47 million, a significant improvement from last year’s $512 million loss.
- Bob Mason
While German factory orders and industrial production rebounded in June, exports highlighted the weak demand environment impacting the economy.
- Vladimir Zernov
According to the report, many panelists noted a return to more stable supply chain performance.
- Bob Mason
Amidst growing concerns about the US economy, data from China and Germany could further impact sentiment toward the global economy.
- Bob Mason
Supply and demand trends impacted BTC and ETH, dragging the broader crypto market into negative territory as US recession fears intensified.
- James Hyerczyk
July jobs report shows unexpected slowdown in US labor market. Nonfarm payrolls miss estimates, unemployment rises to 4.3%. Implications for Fed policy and markets.
- Vladimir Zernov
Natural gas prices gain ground as traders react to the bullish report.
- Vladimir Zernov
According to the report, companies show an unwillingness to invest in capital and inventory due to current federal monetary policy.
- Julian Zimmermann
The German government is maximising the modest leeway it has under the debt brake to inject public funds into the economy, but the measures are insufficient for addressing large and widening investment gaps.