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U.S. Homebuilder Confidence Unexpectedly Inches Higher In October

A report released by the National Association of Home Builder on Tuesday unexpectedly showed a modest increase in U.S. homebuilder confidence in the month of October. The report said the NAHB/Wells Fargo Housing Market Index inched up to 68 in Read More →

Cryptocurrency Daily Roundup – Oct. 16

Cryptocurrencies were a mixed bag Tuesday morning after a strong showing a day earlier apparently on fears that the controversial stablecoin Tether was likely to fail in maintaining its 1:1 peg to the dollar. Bitcoin was trading lower, while Ethereum Read More →

US equities close in the negative; Asia not too far off

Asia took a negative handover as the major equity indices closed in negative territory at US close yesterday. It seems markets are trying to find the bottom. Asia did not make much of the sentiment at US close as major Read More →

IMF Slashes Global Growth Forecast As Trade War Intensifies

The International Monetary Fund slashed the global growth forecast for this year and next on Tuesday, citing an increase in the likelihood of further negative shocks, such as a full-blown trade war. In its latest World Economic Outlook, released in Read More →

Cryptocurrency Daily Roundup – Oct. 9

Bitcoin and its peers are trading lower Tuesday morning, after attempting further gains on Monday. In news, the International Monetary Fund warned that "Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system."Original Article Read More →

European Economics Preview: UK Monthly GDP Estimate Due

Monthly GDP estimate, industrial production and foreign trade figures from the UK are due on Wednesday, headlining a busy day for the European economic news.Original Article Read More →

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