Unemployment data from Spain is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.30 am ET, the Federal Statistical Office is slated to issue Swiss consumer prices for August. Inflation is forecast to ease to 1.2 percent from 1.3 percent in July. Also, final GDP data...
South Koreas inflation softened notably to the lowest in more than three years in August, adding chances of an interest rate cut as soon as next month. Consumer price inflation softened to 2.0 percent in August from 2.6 percent in July, Statistics Korea reported Tuesday. The rate came in line with expectations and hit the...
European stocks are seen opening little changed on Tuesday in the absence of cues from Wall Street. U.S. index futures signal a negative open ahead of key private sector PMI and labor market data due this week. The ISM Manufacturing and Services PMI figures due later today and on Thursday, respectively could give investors further...
The major pattern underscores a recurring relationship where “historically, lower Hash Price periods have coincided with Bitcoin price bottoms.” A notable example of this pattern occurred in 2020 following the COVID-19-induced cross-market crash. Bitcoin’s price hit significant lows during this time, coinciding with a sharp decline in hashprice. However, as the year progressed, especially after...
CryptoQuant reports that despite these positive signals, the broader picture of Bitcoin demand remains less encouraging. Overall demand growth has been sluggish and has even turned negative in recent weeks. This trend contrasts sharply with the situation earlier in the year; in early April, when Bitcoin was trading at $70,000, apparent demand was much stronger....
German unemployment increased less than expected in August despite weak economic activity, official data revealed Friday. The number of unemployed persons increased only 2,000 to 2.8 million in August, the Federal Employment Agency reported. Unemployment was forecast to rise 17,000, the same pace of increase as seen in July. The jobless rate stood at 6.0...
A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching...
A reading on Chicago-area business activity saw a modest increase in the month of August but continues to indicate contraction, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer crept up to 46.1 in August from 45.3 in July, but a reading below 50 still indicates contraction....
UK mortgage approvals increased to a 22-month high in July as hopes of further interest rate cuts lured buyers to the housing market, data released by the Bank of England revealed Friday. Net mortgage approvals for house purchase rose to 62,000 in July from 60,600 in June. This was the highest since September 2022 and...
The China stock market on Friday wrote a finish to the three-day slide in which it had slumped almost 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,840-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets is upbeat on optimism...