Daily Economic Reports

The delayed September U.S. Personal Consumption Expenditures (PCE) report landed with the calmer inflation readings markets were hoping for. Core PCE—the Fed’s favored gauge—slowed to 2.8% year over year, with monthly price pressures broadly in line with expectations, reinforcing the case that disinflation remains intact despite autumn volatility. The delay …

Canada’s labour market delivered a major upside surprise in November, with the unemployment rate dropping sharply to 6.5%, its lowest level since July 2024, according to new data from Statistics Canada. The unexpected improvement was driven by a 53,600 net increase in employment, fueled almost entirely by a 63,000 surge …

Netflix has agreed to acquire Warner Bros Discovery’s TV and film studios and its streaming division in a $72 billion deal, cementing the streaming pioneer’s control over one of Hollywood’s most storied entertainment empires. The agreement, announced Friday, concludes a weeks-long bidding battle in which Netflix ultimately prevailed with an …

The eurozone economy expanded slightly faster than initially estimated in the third quarter, a development that reinforces expectations the European Central Bank will keep interest rates on hold in the near term. Revised Eurostat data released Friday showed that GDP in the 20-country bloc grew 0.3% quarter-on-quarter between July and …

Bitcoin edged lower on Friday but retained most of its strong mid-week recovery, as traders stayed focused on expectations of a U.S. Federal Reserve rate cut and awaited crucial inflation figures. The world’s largest cryptocurrency was last down 1.1% at $92,146.6 by 01:59 ET (05:59 GMT). Earlier in the week, …

Oil prices held largely steady in Asian trading on Friday, pausing after the previous session’s gains, as stalled diplomatic efforts to end the Ukraine war and rising confidence in a U.S. Federal Reserve rate cut underpinned sentiment. As of 21:56 ET (02:56 GMT), Brent crude futures for February delivery slipped …

The announcement that President Donald Trump has chosen a successor to Jerome Powell at the helm of the Federal Reserve has sent ripples across global markets. With Powell’s term ending in May 2026, investors are bracing for a shift in monetary policy that could redefine the balance between growth and …

Crude oil prices climbed on Thursday, December 4, as global markets reacted to a combination of geopolitical tensions and expectations of U.S. interest rate cuts. Brent crude rose to $63 per barrel, while West Texas Intermediate (WTI) approached $60, reflecting renewed market caution following attacks on Russian oil infrastructure in …

The euro slipped slightly against the US dollar on Thursday, pausing after an eight-day winning streak as investors reassessed market sentiment ahead of major economic releases. The pair retreated from its earlier highs near 1.1660—the strongest level since mid-October—pressured by a mild rebound in the US Dollar and mixed data …

China’s renewed crackdown on cryptocurrencies in late 2025 has reignited debate over the future of digital assets. Yet instead of undermining Bitcoin, the latest warnings from the People’s Bank of China (PBOC) may strengthen Bitcoin’s appeal as a neutral hedge in an era of shifting monetary power. As Beijing accelerates …