Financial News
- James Hyerczyk
January’s Sentix Indicator shows the Eurozone’s third consecutive rise to -15.8 points, signaling cautious optimism.
- Ibrahim Ajibade
US-based Asset Management firms are expected to file Ripple (XRP) ETF applications with the SEC in April 2024, with a possible launch before the year end.
- Bob Mason
German trade data suggested the German economy could avoid a prolonged recession in an improving demand environment despite weak factory orders.
- Bob Mason
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.
- Bob Mason
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.
- Vladimir Zernov
Treasury yields are moving lower as traders focus on the contraction in employment, which is an important catalyst for Fed policy outlook.
- James Hyerczyk
US labor market sees remarkable growth with nonfarm payrolls rising by 216,000, surpassing expectations.
- James Hyerczyk
Euro area faces rising 2.9% inflation and falling industrial prices, highlighting a complex economic landscape.
- Bob Mason
German retail sales figures aligned with expectations of a euro area economic recession. Eurozone inflation figures for December are next up.
- Ibrahim Ajibade
Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off.
- Vladimir Zernov
The report indicated that a more challenging demand environment had dampened firms’ pricing power.
- James Hyerczyk
December’s private payrolls surpass expectations with 59,000 leisure sector jobs, amid concerns over slowing wage growth, according to ADP.
- Bob Mason
The China Caixin Services PMI and Caixin Manufacturing painted a rosier picture of the Chinese economy in December.
- Ibrahim Ajibade
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.
- Vladimir Zernov
Fed policy will remain at a restrictive stance for some time until inflation is clearly moving down towards the target.
- James Hyerczyk
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.
- Vladimir Zernov
Output fell at the fastest rate for six months amid weak client demand.
- James Hyerczyk
Eurozone manufacturing sector finishes 2023 with another strong reduction in output.
- Bob Mason
It is an important first week of the year for the global financial markets. Economic indicators will influence bets on Q1 2024 rate cuts.
- Bob Mason
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.
