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Euro zone surge is firm in October
The euro zone's economy appears to be on track for a sturdy finish to this year, and companies are actually passing on more of their costs to customers because pricing power inched up, as a poll unveiled on Monday.
In October, IHS Markit's final composite Purchasing Managers' Index for the euro zone went down to 56.0 from September's outcome of 56.7, thus ruining an earlier flash forecast of 55.9.
The final euro area PMI was updated up marginally from the flash forecast just to leave euro area surge looking healthy enough at the beginning of Q4, as some financial experts stressed.
As earlier figures revealed, surge was still firm in France and Germany, the bloc's two leading economies, although slowed in Italy, hinting a recent flurry in economic activity in this country might be petering out.
Surge in Spain's major services sector edged down to its lowest value for nine months because the political crisis in Catalonia affected heavily business sentiment.
In March, Japan's household spending went up for the fourth month in a row, although dismal factory output along with exports could keep pushing the Japanese economy into a moderate contraction in the first quarter…
In April, new orders for American capital goods tacked on by the most for eight months, although a tumble in shipments dropped a hint that business spending on equipment decelerated in the first quarter…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…