Financial News
- James Hyerczyk
U.S. jobless claims dip to 218K, signaling labor market strength, while Q2 GDP growth holds at 3%, driven by strong consumer spending and inventories.
- Ibrahim Ajibade
Crypto market cap hit $2.19 trillion on Sept 26, up $230B since US Fed cut rates on Sept 18, here are 5 major news events moving the markets this week.
- Bob Mason
German consumer sentiment improved modestly, according to the September survey. However, sub-components paint a gloomy picture of the economy.
- Vladimir Zernov
Gasoline inventories decreased by 1.5 million barrels, missing analyst expectations.
- James Hyerczyk
August saw a 4.7% decline in new home sales, falling short of expectations. Yet, a notable 9.8% year-over-year increase suggests long-term growth.
- Vladimir Zernov
Consumers earning less than $50,000 experienced the largest decrease in confidence.
- James Hyerczyk
S&P CoreLogic Index hits record highs in July 2024, with 14 months of growth, but price gains are slowing, signaling a cooling U.S. housing market.
- Bob Mason
RBA stays firm on inflation control, no rate hike discussions as AUD/USD slides during the RBA Press Conference.
- Vladimir Zernov
The economy remains dependent on the services sector for growth.
- James Hyerczyk
Eurozone PMI contracts to 48.9 in September, signaling an economic slowdown in both services and manufacturing. Is a deeper recession on the horizon?
- Bob Mason
Fed rate cut and labor data spark a 6.85% crypto market rally, outperforming equities.
- Vladimir Zernov
Natural gas prices remain under pressure as traders react to the EIA report.
- James Hyerczyk
US labor market resilience contrasts mixed manufacturing signals. Unemployment claims drop as production rises, yet supply chain issues persist. Cautiously bullish outlook.
- Alvise Lennkh
Political deadlock in Germany and France limits the prospect of implementing reforms proposed by the Draghi report, which, together with Southern Europe’s productivity gap, challenges Europe’s growth outlook.
- Vladimir Zernov
The central bank decided to cut the federal funds rate by 50 bps.
- Vladimir Zernov
Gasoline inventories increased by 0.1 million barrels, missing analyst expectations.
- James Hyerczyk
US housing starts surged 9.6% in August to a 1.36M rate, driven by lower mortgage rates. Builder stocks hit highs, but inventory challenges persist.
- Bob Mason
Unexpected rise in UK core inflation sparks concerns over BoE’s upcoming rate decision.
- Vladimir Zernov
The report showed that builder confidence increased as interest rates moved lower.
- James Hyerczyk
U.S. retail sales rose 0.1% in August, beating forecasts. Nonstore retailers led with 7.8% growth, fueling speculation of a Fed rate cut amid slowing inflation.
