Financial News

It is an important week ahead for central banks, with the US CPI Report and economic data from China, Japan, the euro area, and the UK in focus.

It has been a choppy week for the crypto market. Rumors of the SEC planning to reject or delay approvals sent the crypto market into negative territory.

Treasury yields are moving lower as traders focus on the contraction in employment, which is an important catalyst for Fed policy outlook.

US labor market sees remarkable growth with nonfarm payrolls rising by 216,000, surpassing expectations.

Euro area faces rising 2.9% inflation and falling industrial prices, highlighting a complex economic landscape.

German retail sales figures aligned with expectations of a euro area economic recession. Eurozone inflation figures for December are next up.

Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off. 

The report indicated that a more challenging demand environment had dampened firms’ pricing power.

December’s private payrolls surpass expectations with 59,000 leisure sector jobs, amid concerns over slowing wage growth, according to ADP.

The China Caixin Services PMI and Caixin Manufacturing painted a rosier picture of the Chinese economy in December.

Bitcoin (BTC) price plunged by 7% Wednesday morning, sinking as low as $41,804.95 amid rumors that the SEC could reject Spot BTC ETF applications.

Fed policy will remain at a restrictive stance for some time until inflation is clearly moving down towards the target.

November 2023 saw a stable US job market with steady job openings at 8.8 million and consistent quits and layoffs, despite minor shifts in professional services hiring.

Output fell at the fastest rate for six months amid weak client demand.

Eurozone manufacturing sector finishes 2023 with another strong reduction in output.

It is an important first week of the year for the global financial markets. Economic indicators will influence bets on Q1 2024 rate cuts.

A ruling from the SEC v Terraform Labs case impacted buyer appetite for cryptos. However, progress toward the BTC-spot ETF market remains a tailwind.

Markets stay calm as traders prepare for the next year.

Oil prices rebound from recent lows as traders react to the EIA report.

Unexpected rise in unemployment claims indicates a shifting job market, despite a stable four-week average and mixed state trends.