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Economy And The Numbers

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dailycrypto-july18.jpg Cryptocurrency market is flashing green across the board Wednesday morning as Bitcoin and its peers extend their rising trend seen since the start of the week. Bitcoin jumped on Tuesday to sail past $7,000 and altcoins followed the leader with several registering significant gains. Volumes also shot up.

ushouse-july18.jpg The stage is set for two U.S. House Committee hearings on cryptocurrency Wednesday. The public hearings on Capitol Hill are hosted by House Committee on Agriculture and the Financial Policy Subcommittee. The subject of hearing in the House Committee on Agriculture is "Cryptocurrencies: Oversight of New Assets in the Digital Age." Committee Chairman K. Michael Conaway said this hearing will shed

building-permit-071818.jpg After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing a much steeper than expected pullback in housing starts in the month of June. The Commerce Department said housing starts plunged by 12.3 percent.

ukinflationb-july18.jpg UK headline inflation held steady for a second straight month and the core measure eased, complicating the picture for the Bank of England that is widely expected to hike interest rates in August. Consumer prices climbed 2.4 percent year-over-year in June, the same rate of increase as in the previous two months.

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing a much steeper than expected pullback in housing starts in the month of June.

cryptomarket-july18.jpg Bitcoin price shot up by more than $600 in 30 Minutes Tuesday, and the dramatic move resulted in substantial spike in its volume. The most popular cryptocurrency opened at $6,726.40 on Tuesday, and within a short span of time it reached $7,368.22. Later in the day, the price hit a market high of $7,408.28. Wednesday, the momentum was maintained. At one point the price reached $7536, the highest

Malta's EU measure of inflation accelerated for the third straight month in June, figures from the National Statistical Office showed Wednesday. The harmonized index of consumer prices, or HICP, rose at a faster rate of 2.0 percent annually in June, following a 1.7 percent increase in May. Prices...

UK house prices rose at their slowest pace in nearly five years during May, latest data from the Office for National Statistics showed Wednesday.

South Africa's retail sales growth accelerated at a faster-than-expected pace in May, figures from Statistics South Africa showed Wednesday. Retail sales climbed 1.9 percent year-over-year in May, faster than the 0.5 percent rise in April. That was above the 0.8 percent increase economists had forecast. Sales...

Poland's industrial production expanded at a faster-than-expected pace in June, figures from Statistics Poland showed Wednesday. Industrial production advanced 6.8 percent year-over-year in June, exceeding economists' forecast for an increase of 6.3 percent. Among components, manufacturing production...

Eurozone's construction output growth improved for a third straight month, preliminary data from Eurostat showed Wednesday. Construction output rose 1.8 percent year-on-year after a 1.2 percent increase in April. Output climbed for a third straight month after stagnation in February. Civil engineering...

Portugal's producer price inflation accelerated for the third straight month in June, figures from Statistics Portugal showed Wednesday. Producer prices climbed 4.0 percent year-over-year in June, faster than the 3.2 percent rise in May. Excluding energy, producer price inflation rose to 1.8 percent...

South Africa's consumer price inflation accelerated at a slower-than-expected pace in June, figures from Statistics South Africa showed Wednesday. Consumer prices climbed 4.6 percent year-over-year in June, faster than the 4.4 percent increase in May. That was below the 4.8 percent rise economists...

Austria's annual inflation accelerated in June, led by higher fuel prices, preliminary data from Statistics Austria showed Wednesday. The consumer price index climbed 2 percent year-on-year following 1.9 percent increase in May. Thanks to higher fuel prices, transport costs rose 4.1 percent....

Euro area annual inflation accelerated in June, exceeding the central bank's target of "below, but close to 2 percent", final data from Eurostat confirmed Wednesday. The annual inflation rate rose to 2 percent from 1.9 percent in May, in line with the flash estimate release on June 29.

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