Financial News
- Vladimir Zernov
Strategic Petroleum Reserve increased to 351.6 million bpd as U.S. started to buy oil for reserves after the strong pullback.
- James Hyerczyk
Q3 2023 sees US GDP grow 5.2%, driven by investment, spending, and stable inflation, boosting economic outlook.
- Vladimir Zernov
The report indicated that consumers remained preoccupied with rising prices.
- James Hyerczyk
The S&P CoreLogic Case-Shiller and FHFA Indices report a continued rise in US housing prices.
- Vladimir Zernov
New Home Sales fell in October as high mortgage rates put pressure on buyers.
- Vladimir Zernov
Composite PMI remained unchanged as service providers enjoyed a fractional uptick in the rate of output growth.
- James Hyerczyk
November’s Ifo Index at 87.3 shows a modest rise in German business sentiment, hinting at cautious economic optimism.
- Bob Mason
The German economy contracted by 0.1% quarter-on-quarter in Q3, in line with the preliminary report. However, year-over-year figures were weaker.
- Vladimir Zernov
The report marked a fourth consecutive month of declines in consumer sentiment.
- James Hyerczyk
October’s durable goods orders fell 5.4%, more than expected, while jobless claims dropped to 209,000, showing labor market strength.”
- Thibault Vasse
Climate and demographic risks have an important if moderate impact on public debt trajectories for most EU countries but become increasingly credit-rating relevant and mutually reinforcing in the long run.
- James Hyerczyk
ECB review highlights Euro area’s financial risks, tight financing strains, and banks’ profitability challenges amid market corrections.
- Ibrahim Ajibade
On Tuesday, Binance Founder Changpeng Zhao confirmed his exit as CEO. While a successor has been announced, the market sentiment remains pensive.
- Vladimir Zernov
Fed expects that data arriving in coming months would help clarify the extent to which disinflation process was continuing.
- Eiko Sievert
The constitutional court ruling underlines Germany’s strong fiscal framework but complicates the government’s ability to address persistent under-investment of around EUR 300bn over the past decade.
- Thomas Gillet
A wider Middle East conflict could adversely impact the credit ratings of some euro-area sovereigns if this resulted in further monetary-policy tightening to tame renewed rises in inflation, and thus weaker growth.
- Vladimir Zernov
The Conference Board expects that U.S. economy will fall into a very short recession.
- James Hyerczyk
Central banks are balancing inflation control with economic growth, impacting financial markets and currency values.
- Bob Mason
Central banks will be in the spotlight in the week ahead. The Bank of England may have more to say after the recent inflation and retail sales figures.
- Bob Mason
It was a mixed Monday to Friday for the crypto market. XRP was underwater as investors reacted to the latest court schedule, while DOGE was on the move.