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According to PMI® research data compiled by S&P Global, manufacturing output in the euro area contracted in every bar 2 of the past 22 months. The data follows official statistics showing January production fell by around 7.0% compared to the same month last year. Excluding pandemic lockdowns, this was the steepest annual decline since 2009.However, leading indicators suggest that production may stabilize and return to growth in the near future. In fact, production has already started to pick up in countries other than France and Germany, easing the economic slump in March to the lowest level in almost a…

According to PMI® research data compiled by S&P Global, manufacturing output in the euro area contracted in every bar 2 of the past 22 months. The data is based on official statistics showing production in January was down about 7.0% compared to the same month last year. Excluding pandemic lockdowns, this was the steepest annual decline since 2009.However, leading indicators suggest that production may stabilize and return to growth in the near future. In fact, production has already started to increase in all countries except France and Germany, and the economic slowdown in March eased to its lowest level…

Ethereum is currently the king of smart contracts and stablecoins, but Bitgert is here to dethrone it. Currently, Ethereum mainly suffers from slow transaction speeds and high fees. However, Bitgert addresses these limitations head-on by offering transaction speeds of over 100,000 TPS (transactions per second). This is 300 times faster than Ethereum and even surpasses Ethereum killers like Solana. Without that, these transactions cost very little, each costing $0.0000000000001 in gas fees. Additionally, compatibility with EVM makes Bitgert an attractive destination for existing Ethereum dApps, potentially creating powerful network effects. Why Bitgert is huge: Bitgert is fully compatible with EVM,…

Illustration: TradingViewThe OG token had been mostly sideways ever since reaching an all-time high of over $73,000 on March 13th until a big drop on Tuesday. Bitcoin skyrocketed to cut losses. Bitcoin halving is coming up in two weeks. In the first quarter, the broader market added $900 billion in value. Bitcoin BTCUSD It fell on Tuesday but was looking to rebound early Wednesday. The leading crypto asset fell more than 7% during yesterday's session, dropping about $5,000 to a 10-day low of $64,500 per coin. But eager buyers tried to push the price above the $66,000 threshold earlier today,…

Plan B, which closely follows quantitative analysts, believes Bitcoin (BTC) could post more than a 4x return this market cycle. In a new strategy session, an on-chain analyst told his 140,000 YouTube subscribers that he would be disappointed if Bitcoin ended its current bull run with a price peak of $200,000. According to PlanB, a stock-to-flow model, which divides the volume of a commodity in circulation by its annual production volume, suggests that BTC could rise more than 660% from its current price before the market cycle ends. . “So the next top will not be this year, 2024, but…

The euro showed little movement on Wednesday. In European trading, EUR/USD rose 0.05% to trade at 1.0777. Eurozone inflation rate declines Inflation rates in the euro area continue to decline. CPI in March fell to 2.4% year-on-year, down from 2.6% in February and below market expectations of 2.6%. This matched November's 28-month low and was driven by continued slowdown in food inflation. Monthly CPI rose to 0.8%, up from 0.6% but below expectations of 0.9%. Core CPI also declined, at 2.9% year over year. This was lower than February's 3.1% rise and also below market expectations of 3.0%. The core…

Christine Lagarde, President of the European Central Bank (ECB). EU inflation rate falls to 2.4% (Xinhua News Agency)Inflation in the euro zone unexpectedly fell last month, with consumer prices rising 2.4% in the year to March as price pressures in the single currency area continued to ease.This was down from 2.6% in February, the European Union Statistics Office said, as falling energy prices pushed down overall inflation. Economists had expected 2.5%.Core inflation, which excludes volatile food and energy costs, fell from 3.1% to 2.9%, while in Germany inflation fell to 2.3% (down from 2.7% in the previous month and in…

The eurozone's annual inflation rate fell further than expected in March, official data showed on Wednesday, raising hopes that the European Central Bank would cut interest rates in June.Consumer price inflation in the single currency area slowed to 2.4% from 2.6% in February, the EU Statistics Office said.Analysts surveyed by FactSet expected inflation to hold steady at 2.6%, while economists asked by Bloomberg expected a slight decline to 2.5%.The figure is close to the ECB's 2% target and would strengthen the case for a June rate cut, but analysts do not expect a rate cut at the next monetary policy…

The eurozone's annual inflation rate fell further than expected in March, official data showed on Wednesday, raising hopes that the European Central Bank would cut interest rates in June.Consumer price inflation in the single currency area slowed to 2.4% from 2.6% in February, the EU Statistics Office said. Analysts surveyed by FactSet had expected inflation to hold steady at 2.6%, while economists asked by Bloomberg expected it to fall to 2.5%. The figure is close to the ECB's 2% target and would strengthen the case for a June rate cut, but analysts do not expect a rate cut at the…

Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Eurozone inflation fell to a weaker-than-expected 2.4% in March, boosting expectations that the European Central Bank will cut interest rates by the summer.Data released Wednesday by EU statistics agency Eurostat showed that annual consumer price growth slowed from 2.6% in the previous month due to smaller increases in food and commodity prices that offset stable service prices. It reflects. A Bloomberg survey of economists had predicted growth of 2.5% in March.The easing of the region's worst cost-of-living crisis in a generation will be welcomed…