S&P Global has released the Manufacturing and Services Purchasing Managers Index survey results for the top Eurozone countries. In general, the data has shown a larger than expected activity slowdown in the two sectors. The news caused a decline of the Euro.
The Wall Street Journal has reported that Subway has been nearing a $9.6 billion sale to Rock Capital, which is the owner of Arby's and Buffalo Wild Wings.
The US rating agency S&P Global has announced this week that it is reducing the credit ratings of multiple United States banks. Previously, US banks were downgraded by Moody's.
The government of Australia has revealed that due to slow population growth and aging population the workforce is set to shrink and cause an economic decline.
The major bank JPMorgan has stated that the threshold for an invention of the Bank of Japan in the Forex market was the USD/JPY 150.00 level. Namely, the BoJ is expected to strengthen the Yen and cause a drop of the currency rate.
The Black Knight Home Prices Index has revealed that home prices in the United States have reached a new all-time high level.
United Kingdom's authorities have allowed the Broadcom's acquisition of VMware for a total of $69 billion.
This week, equity markets were waiting for the publication of NVidia quarterly results. The company has previously announced expectations of stunning profits due to global demand for AI.
The Peoples Bank of China has announced a new policy interest rate cut. However, the cut was only 0.10%, which surprised the markets that were expecting 0.15% cut.
The Big Short Michael Burry has been revealed to be holding S&P 500 and Nasdaq 100 put options.
The rating agency Fitch has announced that it could reduce the ratings of multiple US banks, including JPMorgan.
This week, it was revealed that inflation in Canada has reached 3.3% mark on a month on month basis. Inflation has continued to remain stubbornly high despite the Reserve Bank of Canada attempting to reduce it.
As the Chinese youth jobless rate hit a new record high, the Chinese authorities have decided to stop publishing the data set.
The electric vehicle maker Tesla has announced new cheaper Model S and X versions for the sale in the United States that would have reduced driving ranges.
Binance has filed a request for a court order against the US Securities and Exchange Commission. The exchange claims that the regulator has been filing unduly burdensome requests for information.
The Peoples Bank of China has reduced its monetary policy rate in an effort to stimulate the economy. The country's economy has been struggling despite the reopening after the COVID-19 restrictions.
On Tuesday, the stock price of Vietnamese electric vehicle producer VinFast surged, as the company debuted its equity on NASDAQ.
The US Treasury Department has revealed that it would soon propose new rules that would end anonymous luxury home purchases that are supposedly used for money laundering.
United States mortgage delinquency rates have continued to decline and most recently reached all-time low levels. The low rate has been attributed to a strong job market and low interest rates prevailing on a majority of mortgages.
The largest Swiss bank UBS has revealed that it will not need the 9 billion CHF government subsidy for the Credit Suisse takeover.
Economists have revealed that due to the reversal of Turkish economic and monetary policy, inflation could slow down to a pace from 5.5% up to 8.5%.
The Vietnamese electric vehicle producer VinFast has received the approval for a Nasdaq SPAC listing. The company is set to start trading as soon as this week.
As the government economic stimulus measures have continued to fail, the Chinese economy has experienced deflation for the first time in two years.
The United States officials have published the monthly Producers Price Index change. The Dollar reacted to the news with an initial move upwards.