Pfizer announced on Thursday that they haven’t seen any evidence that circulating variants of the coronavirus result in a loss of the protection provided by the vaccine they developed with BioNTech, as reported by Reuters. “We haven’t observed changes to neutralizing antibody levels that would predict a significant reduction in protection …
Read More »Eurozone Corporate Lending Growth Slows
European Central Bank data showed that lending to Eurozone companies slowed last month as new credit flows stalled as the bloc returned to recession and banks tightened access to credit. Growth in lending to non-financial firms in the 19-nation euro zone slowed to 7% in January from 7.1% the month …
Read More »The Turkish Lira is at Its Lowest Level in 3 Weeks
The Turkish lira reached its lowest level against the dollar in nearly three weeks on Wednesday, February 24th, to remain under pressure after the government defended the policies of the former finance minister. In light of the weakness, the central bank raised the compulsory reserve ratio for deposits in the …
Read More »Breaking: Bitcoin Collapses Below $50,000 as Selling Pressure Mounts
Bitcoin has been tumbling down since Elon Musk tweeted that its value “seems high” over the weekend. After topping $58,000 and a valuation of over $1 trillion, the most popular cryptocurrencies has collapsed over $10,000.
Read More »Eurozone Preliminary Manufacturing PMI Arrives at 57.7 in Feb
The Eurozone manufacturing sector activity improved more-than-expected this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday. The Eurozone Manufacturing purchasing managers index (PMI) improved from 54.8 in January to 57.7 in February and beat 54.4 expectations while the Services PMI dropped to 44.7 in Feb vs. …
Read More »US: US: Weekly Initial Jobless Claims Rise to 861K
There were 861,000 initial claims for unemployment benefits in the US during the week ending February 13, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 848,000 and came in worse than the market expectation of 765,000.
Read More »Bitcoin Breaks The $ 50,000 Mark for The First Time Ever
Bitcoin jumped above $50,000 on Tuesday to a new record high, continuing a rally fueled by indications that the world’s largest cryptocurrency is gaining traction among major investors. Bitcoin reached a new peak of $ 50 thousand, and in its most recent transactions it was 3.9% at $ 49,891. The …
Read More »Eurozone Preliminary GDP Contracts by 0.6% QoQ in Q4
The Eurozone economy contracted 0.6% on quarter in the three months to December of 2020, beating -0.7% expected, the second estimate showed on Tuesday. On an annualized basis, the bloc’s GDP dropped by -5.0% in Q4 vs. -5.1% seen in the first readout while beating -5.1% expectations.
Read More »US: Weekly Initial Jobless Claims Decline to 793K
There were 793,000 initial claims for unemployment benefits in the US during the week ending February 6, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 812,000 and came in worse than the market expectation of 757,000.
Read More »Canada: Unemployment Rate Rises to 9.4% in January
The Unemployment Rate in Canada rose to 9.4% in January from 8.8% (revised from 8.6%) in December with the Net Change in Employment declining more than 212,000 (vs -47.5K expected), the data published by Statistics Canada revealed on Friday. This reading came in worse than the market expectation of 8.9%.
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