Day: August 25, 2024

Investors’ expectations for European inflation fall to lowest since 2022

Inflation expectations in Europe have dropped to their lowest in nearly two years, signaling investor confidence that central banks can reduce interest rates without sparking inflation. The eurozone’s five-year forward inflation swap has dipped below 2.1%, while the UK’s equivalent has fallen to 3.2%. This shift reflects a growing focus on recession risks rather than inflation, with global demand, especially from China, slowing down. However, analysts warn of potential long-term inflation pressures due to demographic changes and fiscal demands. A little bit of positivity in the European market. There seems to be some confidence in the resilience and strength of the current world economy. What do you think about that? submitted by /u/dll_crypto [link] [comments]

Russian officials were ordered to delete conversations in Telegram.

The Russian Telegram channel Baza, which is closely connected to law enforcement agencies, reported that employees of the presidential administration and the Russian government, as well as staff from certain security agencies, were instructed to delete their work-related conversations in Telegram. A similar order was reportedly given to high-ranking officials in the Russian Ministry of Defense and some major businessmen. Pro-government propagandists in Russia refer to Telegram as “the main messenger of the current war” and “an alternative to secure military communication.” submitted by /u/XGramatik [link] [comments]

Bank of China President Liu resigns, chairman to be acting president

BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had approved Chairman Ge Haijiao to serve as acting president. Liu, 57, has held senior roles at major Chinese banks, including ICBC[ ICBCA.UL] and China Development Bank. He served as president of China Everbright (OTC:CHFFF) Bank before joining Bank of China as vice chairman and president in 2021. https://preview.redd.it/wq9y57pfbskd1.png?width=275&format=png&auto=webp&s=75d006c0876450002700a0f080f6bb284b065758 submitted by /u/Lor1al [link] [comments]

How messed up is the US housing market?

New homes are now going for $3.50 LESS per square foot than old ones—the biggest gap since 2005. The median price per square foot for an existing home? $213.20. For a new build? Just $209.70. In the last 6 years, existing home prices have gone ballistic, skyrocketing 70%, while new home prices “only” jumped 50%. Homebuilders are throwing discounts like candy, while homeowners, stuck with their sweet low-rate mortgages, aren’t budging. With an average mortgage interest rate around 4% (despite current rates hovering at 6.5%), who can blame them? When old costs more than new, you know the market’s gone off the rails. submitted by /u/FXgram_ [link] [comments]

TON/USDT

submitted by /u/XGramatik [link] [comments]

The court sided with the SEC in the case against Kraken.

On 23 August, the court rejected Kraken’s motion to dismiss the SEC’s charges. Earlier, the regulator accused the crypto exchange of operating without a licence and violating the Securities Act. The date of the next trial is set for 15 October. https://preview.redd.it/f7fo5il1lokd1.png?width=729&format=png&auto=webp&s=cddbed6131374f69a195f484d491510f0faf65fe submitted by /u/Lor1al [link] [comments]