Financial News

The report indicated that Texas factory activity stabilized in December after contracting in November.

The US, the Japanese, and the Chinese economies will be in focus as the markets prepare for 2024 and heightened central bank activity.

The SEC vs. Ripple case entered its third year, with Coinbase also in the courts. Progress toward a crypto-spot ETF market contributed to BTC gains this week.

The University of Michigan noted substantial improvements in how consumers view the trajectory of inflation.

In November 2023, the PCE price index edged up by 0.1%, reflecting controlled inflationary pressures.

UK retail sales beat forecasts on Friday, countering effects of the UK inflation numbers on sentiment toward Bank of England monetary policy plans.

Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.

Mild weather remains a key problem for natural gas bulls.

In the third quarter of 2023, U.S. real GDP growth slowed to 4.9%, adjusted down from an initial 5.2% estimate.

The Expectations Index moved back above the key 80 level, which is historically associated with recession.

The October 2023 Euro Area current account marked a substantial surplus of €34 billion, exceeding expectations and the previous month’s €31 billion.

UK inflation figures for November could force the Bank of England to reconsider its interest rate goals and begin discussions about rate cuts.

The USD/JPY tumbled in response to the Bank of Japan monetary policy decision. However, BoJ Governor Kazuo Ueda will be in focus at the press conference.

NAHB noted that buyers who were previously priced out of the market were taking a second look.

The ifo Business Climate Index’s fall to 86.4 points in December mirrors the growing unease in German businesses.

Inflation figures from the Eurozone, the UK, and the US could influence bets on monetary policy while the BoJ considers a pivot from negative rates.

Increasing scrutiny of the US digital asset space and the SEC countered the positive effects of dovish FOMC projections to leave cryptos in the red.

Scope Ratings’ baseline for 2024 is for a soft landing for the global economy, a turn of the global rate cycle, fiscal pressure, and ongoing geopolitical risk.

The manufacturing sector remains under pressure as factories reduce production.

Empire State Survey shows New York manufacturing decline with falling orders and shipments, maintaining a bearish outlook.