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Investor sentiment towards the German economy improved by more than predicted in December, according to a key monthly co...
13/12/2022

Investor sentiment towards the German economy improved by more than predicted in December, according to a key monthly confidence gauge, but remained well within negative territory.

The ZEW think-tank's forward-looking sentiment index for Europe's largest economy rose to -23.3 for the month, up from -36.7 in November. Economists had anticipated that the reading would increase to -26.4.

Crypto enthusiasts who buy Bitcoin and hold it for the long term usually assume that fiat currencies are doomed.Jan3 CEO...
13/12/2022

Crypto enthusiasts who buy Bitcoin and hold it for the long term usually assume that fiat currencies are doomed.

Jan3 CEO Samson Mow assumes that the depreciation of the euro, dollar & co. will continue to accelerate, while central banks around the world are struggling with double-digit inflation rates. For Bitcoin, he believes this would mean that the BTC/USD exchange rate will reach the magic $1M mark within the next five to ten years:

The Bank of England warned on Tuesday about "significant pressure" on households and businesses due to higher inflation ...
13/12/2022

The Bank of England warned on Tuesday about "significant pressure" on households and businesses due to higher inflation and borrowing costs, but said they were more resilient than before the global financial crisis.

The BoE has previously flagged that Britain was entering a lengthy recession, and with inflation at a 41-year high and a sharp rise in interest rates over the past year, government forecasters have predicted a record squeeze on living standards.

Britain's jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationa...
13/12/2022

Britain's jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work.

But the Bank of England (BoE) - which looks set to raise interest rates for the ninth consecutive meeting on Thursday - was likely to note the strongest rise in basic pay on record, not including the period around the COVID-19 pandemic.

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