Chinnapong/iStock Editorial via Getty Images Bitcoin (BTC-USD) is set for a weekly rise of 2.7%, in a week that saw retail inflation ease, while wholesale inflation came in hotter than expected. The world’s oldest cryptocurrency stayed under the $60K mark throughout the week, but hovered around the point, on Thursday.Continue Reading
Ramberg/E+ via Getty Images Inflation rate in France dropped to 2.20% in June from 2.30% in May, more than consensus of 2.1%. This slight drop in inflation is explained by the slowdown over one year in energy prices due to that of petroleum products, as well as by that ofContinue Reading
CGinspiration/E+ via Getty Images Services PMI in Spain eased to 56.80 points in June from 56.90 points in May 2024, a 13-month peak. Key findings include: concurrent rises in activity and sales recorded; employment growth remains elevated; higher wages push up operating costs markedly. “The Spanish services sector remains unshaken.Continue Reading
Jun. 27, 2024 5:03 AM ETEuro / US Dollar (EUR:USD), USD:EUREWG, GF, EWI, EWQ, USD, FGM, HEWG, DAX, FLGRBy: Arundhati Sarkar, SA News Editor rarrarorro/iStock via Getty Images The Economic Optimism Index in the Euro Area decreased to 95.90 points in June from 96 points in May. Consumer Confidence meanwhileContinue Reading
gorodenkoff June Survey of Business Uncertainty: Sales revenue growth (smoothed) uncertainty over the next four quarters retreated to 3.77% from 3.82% in May. Sales revenue growth expectations have returned to their pre-pandemic average, though “firms remain more uncertain about future sales growth than before the pandemic,” the Atlanta Fed said.Continue Reading
