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  • US first quarter GDP revised lower, but details slightly stronger

    Thursday 26 May 2022

    (Sharecast News) - The US economy shrank at a slightly quicker pace than previously thought, revised data showed, but the underlying levels of activity and prices came in a tad better than expected.

  • Initial jobless claims fall to 210,000

    Thursday 26 May 2022

    (Sharecast News) - US initial jobless claims fell by a better-than-expected 8,000 in the week ended 21 May, dropping from an unrevised print of 218,000 to 210,000, according to the Labor Department.

  • JP Morgan endorses Bitcoin: price will increase by 28% and is one of its preferred alternative assets

    Thursday 26 May 2022

    (Sharecast News) - The digital assets market continues to be hesitant to make significant moves for Bitcoin´s price (BTC) or 'altcoins', as investors wait for some significant catalyst to stamp some action on digital assets. During this impasse, there is no shortage of analysts claiming that the cryptocurrency is poised to break out to the upside above $30,000. The latest to launch a bullish bet on Bitcoin´s price are analysts at JP Morgan. The global investment bank's target for the cryptocurrency is 28% above its current exchange rate (trading around $30,000). JPMorgan also replaced real estate with cryptocurrencies as its "preferred alternative asset class alongside hedge funds."

  • US durable goods orders rise by less than expected in April

    Wednesday 25 May 2022

    (Sharecast News) - Orders in the US for goods made to last more than three years grew a bit less quickly than expected last month.

  • German economy nudges higher as sentiment steadies

    Wednesday 25 May 2022

    (Sharecast News) - The German economy strengthened marginally in the first quarter, official data showed on Wednesday.

  • US economic growth slows more than expected in May, PMIs show

    Tuesday 24 May 2022

    (Sharecast News) - Economic activity in the US slowed by more than expected in May, amid heightened price pressures, slowing supplier deliveries and softer demand, the results of two closely-followed surveys revealed.

  • US new home sales register sharp slump in April

    Tuesday 24 May 2022

    (Sharecast News) - New home sales in the US fell by far more than economists had anticipated in April.

  • Bitcoin´s price jumps and declines are limited

    Tuesday 24 May 2022

    (Sharecast News) - Bitcoin´s (BTC) been clearly encapsulated in a narrow trading range for a little over a week now, with a very clear resistance level at $30,500/$30,600 and support around $28,500, where buying comes in again and again on the digital asset. After a weekend at the bottom of this channel, the cryptocurrency tried to break above $30,600 on Monday, but failed to clear this area, and so it falls back to $29,000. Without clear catalysts, the bulls are losing steam to continue the rallies.

  • Euro area PMIs miss forecasts in May, but economy resilient

    Tuesday 24 May 2022

    (Sharecast News) - Euro area economic growth was resilient in May despite being buffeted by multiple headwinds, the results of three closely-followed surveys revealed.

  • ECB won´t be rushed on raising rates, Lagarde says

    Tuesday 24 May 2022

    (Sharecast News) - The European Central Bank does not need to rush interest rate hikes because inflationary pressures were coming from the so-called supply side of the economy, Christine Lagarde said.

  • Euro area interest rates may no longer be negative by end of September, ECB's Lagarde says

    Monday 23 May 2022

    (Sharecast News) - Interest rates in the single currency area may well be out of negative territory by the end of September, the head of the European Central Bank said.

  • Bitcoin continues to consolidate after its worst run of weekly declines since 2011

    Monday 23 May 2022

    (Sharecast News) - The cryptocurrency market rises on Monday after a weekend of weakness in which Bitcoin and Ethereum were located at the bottom of the consolidation range that both tokens are framed in after the chaos unleashed in the market just 10 days ago. Satoshi Nakamoto's creation is still battling to build positions above $30,000 and continue rallies to $32,000, resistance that would open the door to larger gains for the cryptoasset, while Ether - the Ethereum network unit - is changing hands at $2,000.

  • German business sentiment improves in May - Ifo

    Monday 23 May 2022

    (Sharecast News) - German business sentiment unexpectedly improved in May, according to a survey released on Monday by the Ifo Institute.

  • Two indicators point to buying opportunity in Bitcoin; price back at $30,000

    Friday 20 May 2022

    (Sharecast News) - There are new rises the cryptocurrency market, with its two main tokens, Bitcoin and Ethereum, at the top of the price ranges they drew during the week, in a clear consolidation of the strong sales of early May and despite the performance of Wall Street, where there were further falls after Wednesday's session on Thursday, the most bearish since 2020. Satoshi Nakamoto's creation recovers $30,000, resistance that is considered key in the $28,000 to $32,000 range, while Ethereum rises above $2,000.

  • China cuts key interest rate

    Friday 20 May 2022

    (Sharecast News) - The People's Bank of China cut a key lending benchmark on Friday by the most on record as it looks to support a slowing economy and support housing demand.

  • German producer prices see highest-ever annual rise as energy prices surge

    Friday 20 May 2022

    (Sharecast News) - German producer prices rose at their highest annual pace in April as the war in Ukraine pushed up energy prices, according to figures released by Destatis on Friday.

  • US existing home sales dip in April, more declines anticipated

    Thursday 19 May 2022

    (Sharecast News) - Existing home sales in the States fell in April and the slowdown in activity appeared set to continue, a leading business lobby group said and some economists were even more downbeat.

  • US jobless claims jump past forecasts during latest week

    Thursday 19 May 2022

    (Sharecast News) - The US jobs market continues to be quite tight, the latest figures for unemployment claims filings showed.

  • Bitcoin "set a bull trap for investors" and will return to declines

    Thursday 19 May 2022

    (Sharecast News) - Risk aversion hits the stock markets that suffered significant sales once again on Wednesday, after the statements of the president of the Federal Reserve (Fed), Jerome Powell, showing his determination to curb inflation. Wall Street took a hard hit with a 4% drop for the Nasdaq - as it lost its $12,100 support, which has impacted Bitcoin and cryptocurrencies, whose evolution in the markets goes hand in hand with the New York Stock Exchange. However, these assets have withstood the bearish pull, which entails serious risks according to experts.

  • Philly Fed index slumps in May amid slower inventory building

    Thursday 19 May 2022

    (Sharecast News) - Factory sector activity in the US mid-Atlantic region cooled significantly in May, largely as a result of firms slower stockbuilding.

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