Financial News

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.

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.

July inflation numbers from Germany highlighted the challenges that the ECB faces with services inflation showing no signs of softening.

Natural gas prices rebounded from session lows as traders reacted to the EIA report.

Markets respond positively to lower-than-expected jobless claims, suggesting potential economic stability amid growth concerns.

Eli Lilly reports Q2 EPS of $3.92, exceeding expectations. Revenue reaches $11.30 billion, driven by strong drug sales.

Gasoline inventories increased by 1.3 million barrels, exceeding analyst expectations.

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.

While German factory orders and industrial production rebounded in June, exports highlighted the weak demand environment impacting the economy.

According to the report, many panelists noted a return to more stable supply chain performance.

Amidst growing concerns about the US economy, data from China and Germany could further impact sentiment toward the global economy.

Supply and demand trends impacted BTC and ETH, dragging the broader crypto market into negative territory as US recession fears intensified.

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.

Natural gas prices gain ground as traders react to the bullish report.

According to the report, companies show an unwillingness to invest in capital and inventory due to current federal monetary policy.

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.

Insured unemployment reaches 1,877,000, the highest level since November 2021, signaling potential softening in the labor market.

The proportion of Italian sovereign debt held by foreign investors, a less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment.

The unexpected rate cut is likely to have a bullish impact on U.K. equities and bonds in the short term.

Fed Chair Powell said that his confidence was growing as he received good data.