Currencies News
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Powell and the Fed sink cryptos; Bitcoin loses $22,000
Wednesday 08 Mar 2023
(Sharecast News) - Cryptocurrencies are not getting back on their feet. Bitcoin (BTC) drops 1.9% in the last 24 hours and falls below $22,000 for the first time in a month, while Ethereum (ETH) drops ... Read More
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German industrial production posts surprise 3.5% rise in January
Wednesday 08 Mar 2023
(Sharecast News) - German industrial production in January rose far more than expected, surging 3.5% on the previous month's fall, according to data released by the federal statistical office on Wedne... Read More
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Fed's Powell tells Senate 50bp rate hikes possible - if needed
Tuesday 07 Mar 2023
(Sharecast News) - The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected. Read More
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US wholesale inventories fall 0.4% in January
Tuesday 07 Mar 2023
(Sharecast News) - Wholesale inventories decreased 0.40% month-on-month in January, in line with analysts' estimates. Read More
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BoE's Mann warns sterling could fall further
Tuesday 07 Mar 2023
(Sharecast News) - Bank of England policymaker Catherine Mann cautioned on Tuesday that sterling could weaken further if investors have not yet fully priced in hawkish comments from the US Federal Res... Read More
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Cryptos await Powell; Bitcoin tepid at $22,400
Tuesday 07 Mar 2023
(Sharecast News) - Little movement and lukewarmness in cryptocurrencies. Bitcoin (BTC) turns slightly upward and rises 0.1% in the last 24 hours to $22,400. Ethereum (ETH), meanwhile, rebounds 0.5% an... Read More
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German factory orders make surprise 1% jump in January
Tuesday 07 Mar 2023
(Sharecast News) - German January factory orders recorded a surprise 1% increase, driven by aircraft orders, official data revealed on Tuesday. Read More
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Chinese exports continue to decline in February
Tuesday 07 Mar 2023
(Sharecast News) - China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind. Read More
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China sets modest growth target for 2023
Monday 06 Mar 2023
(Sharecast News) - China is aiming for economic growth of just 5% this year, its lowest target for decades, as the country looks to restore economic stability. Read More
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Eurozone retail sales increase at slower than expected rate
Monday 06 Mar 2023
(Sharecast News) - Retail sales increased at a slower than expected clip across the Eurozone in January, with household budgets continuing to be strained by both high inflation and rising interest rat... Read More
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ECB's Lane says rates to rise further after March increase
Monday 06 Mar 2023
(Sharecast News) - The European Central Bank's chief economist said on Monday that the Bank will likely need to increase borrowing costs further after next week's planned hike. Read More
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Eurozone economic sentiment unexpectedly deteriorates
Monday 06 Mar 2023
(Sharecast News) - Investor sentiment in the eurozone unexpectedly deteriorated in March, according to data released on Monday. Read More
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Uncertainty for Bitcoin and cryptos due to macro data, Silvergate and the Fed
Monday 06 Mar 2023
(Sharecast News) - The cryptocurrency market remains in no man's land and shows no signs of improving. Bitcoin (BTC) is trading virtually flat at $22,400, while Ethereum (ETH) has dropped 0.4%, at $1,... Read More
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Contraction in eurozone construction sector eases in February
Monday 06 Mar 2023
(Sharecast News) - The downturn in the eurozone construction sector eased a little in February, according to a survey released on Monday. Read More
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ISM's US PMI tops expectations in February
Friday 03 Mar 2023
(Sharecast News) - The Institute for Supply Management's non-manufacturing PMI came to 55.1 in February, broadly flat month-on-month but ahead of expectations for a reading of 54.5. Read More
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Eurozone economy expands at fastest pace since June 2022
Friday 03 Mar 2023
(Sharecast News) - The eurozone economy expanded in February at its fastest pace since June 2022, according to a survey released on Friday. Read More
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Cryptos and Bitcoin plummet, dragged down by Silvergate and macro data
Friday 03 Mar 2023
(Sharecast News) - Cryptocurrencies fall sharply, and they will close the week in the red, unless there is a last minute surprise. Bitcoin (BTC) extends losses and drops more than 4% in the last 24 ho... Read More
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German January exports rebound from Dec fall with 2.1% rise
Friday 03 Mar 2023
(Sharecast News) - German exports rose by more than expected in January, recording a 2.1% rise and rebounding from a sharp drop in the prior month, according to official data released on Friday. Read More
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China services sector grows more than expected - Caixin
Friday 03 Mar 2023
(Sharecast News) - Activity in China's services sector picked up more than expected in February amid a recovery in demand, according to a survey released on Friday. Read More
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Eurozone inflation eases less than expected in February
Thursday 02 Mar 2023
(Sharecast News) - Eurozone inflation eased less than expected in February, according to preliminary data released by Eurostat on Thursday. Read More
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