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  • US new home sales beat forecasts in May

    Friday 24 Jun 2022

    (Sharecast News) - New home sales rose by much more than expected last month, but the strength was focused in only some parts of the country and prices fell back.

  • BofA's contrarian 'Breadth Rule' triggers buy signal

    Friday 24 Jun 2022

    (Sharecast News) - Another one of Bank of America's contrarian equity strategy indicators moved into 'buy' territory over the past week, the investment bank's analysts said.

  • US consumer confidence and inflation expectations decline

    Friday 24 Jun 2022

    (Sharecast News) - Consumer confidence in the US was a tad weaker than expected in June, but inflation expectations also fell back over the course of the month, the results of a closely-followed survey revealed.

  • Who are the biggest Bitcoin sellers during the market debacle?

    Friday 24 Jun 2022

    (Sharecast News) - Bitcoin´s sharp corrections from all-time highs of more than 70% also leaves other very revealing data of the immense pain that investors and cryptocurrency market participants have endured in recent months. The pullback in cryptoasset markets this year reduced their capitalization to around $900 billion, or $1 trillion less than on January 1st and $2 trillion less than at the November 2021 peak. It is clear that everyone has sold: retail, institutional and also the miners, those who are considered long-term holders, referred to as 'HODlers'.

  • German business sentiment deteriorates in June - Ifo

    Friday 24 Jun 2022

    (Sharecast News) - German business sentiment unexpectedly deteriorated in June, according to a survey released on Friday by the Ifo Institute.

  • US factory and services PMIs add to recession risks, but inflation may have peaked

    Thursday 23 Jun 2022

    (Sharecast News) - Output from America's private sector increased in June at its slowest pace since the appearance of the Omicron variant of Covid-19 in January and was at its second-softest since July 2020, the results of two closely-followed survey revealed.

  • US current account deficit hits record high in first quarter of 2022

    Thursday 23 Jun 2022

    (Sharecast News) - America's current account deficit reached a fresh record high equivalent to 4.8% of the country's gross domestic product over the first three months of 2022.

  • Bitcoin and Ethereum meltdown: resistance and support levels to watch

    Thursday 23 Jun 2022

    (Sharecast News) - The recent plunges in cryptoassets have caught many investors off guard, as they now see their portfolios reduced by as much as 70% as a result of Bitcoin's correction from its November 2021 highs. In addition, over the past year, fear of contagion has spread through the cryptocurrency market and more recently on concerns that several cryptoasset lenders and a hedge fund are insolvent. The fear culminated the past weekend, when Bitcoin fell to about $17,500 and Ethereum to $880. These levels were last touched in December 2020.

  • US initial jobless claims fall by 2,000

    Thursday 23 Jun 2022

    (Sharecast News) - The number of Americans filing fresh unemployment claims fell by 2,000 in the seven days ended 18 June to hit 229,000, below expectations for a print of 227,000 and pointing to an exceptionally tight labour market.

  • Fed strongly committed to returning inflation to 2.0 per cent, Powell says

    Wednesday 22 Jun 2022

    (Sharecast News) - The head of the US central bank said the Federal Reserve was "strongly committed" to reining in inflation and believed that further rate increases would be "appropriate" and that policy decisions would be made meeting by meeting.

  • Up to 90% of 'cryptos' will not survive the Bitcoin bear market, which ones will remain?

    Wednesday 22 Jun 2022

    (Sharecast News) - The future of cryptocurrencies looks uncertain after the recent wave of selling in Bitcoin and other tokens. Although some experts believe that the market has begun to form a floor, others warn that the decline may be greater, so cryptoasset owners and investors may be concerned about the stability of digital tokens. In fact, observers warn that the current situation will kill a huge number of 'altcoins' and projects, which will not survive the 'cryptocrash'.

  • US existing home sales returning to pre-pandemic pace

    Tuesday 21 Jun 2022

    (Sharecast News) - Sales of existing homes in America slowed for a fourth month running, returning to the levels seen in 2019 before Covid-19.

  • Bitcoin close to a bottom, but inflation unsettles predictions

    Tuesday 21 Jun 2022

    (Sharecast News) - If May was a black month for cryptocurrencies, June is not turning out to be any better. In just 15 days, Bitcoin, the digital asset par excellence, lost 45%, broke the all-important support level of $20,000, the legendary all-time high of 2017, and the crypto space has entered a systemic crisis that threatens to sink the decentralized finance sector (DeFi). Last week's sell-off lifted the correction from November's all-time high of $69,000 to over 70%, and despite experts warning that there is still downside room, all indications are that the market could be in the process of forming a floor. However, inflation is a novelty for these assets, which keeps experts cautious in their predictions.

  • ECB's Kazaks leaves door open to inter-meeting action to forestall fragmentations risks

    Monday 20 Jun 2022

    (Sharecast News) - The European Central Bank will react in a clear-headed and steady manner to any undue volatility in markets if needed, a top official said, even as he left the door open to action in between policy meetings, also if required.

  • Eurozone construction activity eases in April

    Monday 20 Jun 2022

    (Sharecast News) - The Eurozone's construction sector faltered in April, official data showed on Monday.

  • German producer prices surge

    Monday 20 Jun 2022

    (Sharecast News) - Producer prices continued to soar in Germany last month, official data published on Monday showed, driven by the growing cost of energy.

  • Bitcoin nudges higher after weekend rout

    Monday 20 Jun 2022

    (Sharecast News) - Bitcoin nudged back above $20,000 on Monday following a fresh cryptocurrency rout over the weekend.

  • China keeps key lending rates unchanged

    Monday 20 Jun 2022

    (Sharecast News) - The People's Bank of China kept its main lending rates unchanged on Monday, in line with expectations.

  • Industrial production grows more slowly than forecast in May as factory production dips

    Friday 17 Jun 2022

    (Sharecast News) - Industrial output in the US expanded more slowly than expected last month as levels of factory activity following three months of strong growth.

  • Euro area CPI rises at record pace in June, energy and food prices pace gains

    Friday 17 Jun 2022

    (Sharecast News) - Euro area consumer prices rose at a record clip last, revised data confirmed, pushed higher energy and food prices in particular.

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