Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
The Eurozone's second-quarter GDP growth was confirmed at 0.4%, with the first-quarter figure revised down to 0.0% from an initial 0.1%.
The Eurozone recorded a substantial non-seasonally adjusted trade surplus of €8.6 billion in June, exceeding market expectations.
The Eurozone's seasonally adjusted trade balance shifted from a deficit to a surplus in June, reaching €1.8 billion.
Eurozone employment saw a modest 0.1% increase quarter-on-quarter in Q2 2023, aligning with economists' predictions.
The Eurozone's year-over-year employment growth remained at 0.5% in the second quarter, matching the previous period's rate.
The US Dollar Index (DXY) extended its decline, falling to the 99.70-99.75 range, as market participants scaled back projections for future Federal Reserve rate increases.
The US Dollar experienced a slight downturn in European trading, reflecting a mixed market mood without significant economic catalysts.
Switzerland's economy expanded by 1.5% quarter-on-quarter in Q2, a significant increase from Q1's 0.4% growth.
France's annual inflation rate increased to 2.1% in July, with core inflation also accelerating amid broad price pressures.
A notable EUR/USD options expiry at 1.1550 could influence price action today, with the pair below its 100-day moving average.
German wholesale prices saw a modest increase in July, primarily driven by higher petroleum product costs after a temporary tax reduction expired.
German wholesale prices saw a modest increase of 0.2% in July, falling short of the anticipated 0.4% rise.
Germany's wholesale price index increased by 5.3% year-over-year in July, showing an acceleration from the previous month's figures.
Asian equities saw mixed performance as US inflation concerns eased, while Apple's reported AI partnership in China drew attention.
Reports suggest the Bank of Japan may raise interest rates in September, potentially accelerating its tightening strategy amid inflation concerns.
Silver prices extended their decline for a second consecutive day, with XAG/USD trading below $64.00 per troy ounce during Friday's Asian session.
July inflation data reveals a mixed picture across Central Europe, with most nations seeing declines while Poland and Czechia experienced increases.
Recent US inflation figures indicate a continued deceleration in price pressures, a development generally welcomed by financial markets.
Gold prices experienced a pullback as bullish momentum diminished towards the end of the trading week, shifting the near-term outlook.
Bitcoin has fallen below the $64,000 mark, with market sentiment influenced by both macroeconomic factors and persistent tech sector optimism.
The US Securities and Exchange Commission abruptly canceled a key meeting on crypto asset rules, citing an unspecified scheduling conflict.
The US has introduced new tariffs on imported drones and components, primarily targeting militarily sensitive items and Chinese manufacturers.
South Korea's M2 money supply expanded by 9.4% in June, an increase from May's 9.2% growth, indicating ongoing liquidity.
SharpLink Gaming announced its intention to stake $200 million of its Ethereum holdings through the Lido platform to generate returns.
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