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Preliminary data from the PMI® survey showed business activity in the euro area fell by the lowest in eight months in February, as stabilizing production in the services sector offset a further sharp decline in manufacturing. Business confidence for next year improved, reaching a 10-month high, prompting companies to raise staffing levels at the fastest pace since July last year and increasing signs that the euro zone's economic slump is easing.On a country-by-country basis, a deepening economic slowdown in Germany and a sustained decline in production in France were offset by faster growth in other regions.Supplier delivery times have…

When the market shows renewed interest in cryptocurrencies, you can be sure that scammers will have renewed interest as well. Here are some of the best ways to protect your assets. Posted on February 22, 2024 at 7:00 AM EST. Updated on February 22, 2024 at 12:58 PM EST. If the past few years have taught us anything about cryptocurrencies, it's that they are no different from any other asset class in this respect. Where there is potential to make wealth, scammers are never far behind. Now that the crypto market is recovering, investors should be especially careful about keeping…

of euro area The annual inflation rate in January 2024 was 2.8%, down from 2.9% in December. A year ago, it was 8.6%. european union The annual inflation rate in January 2024 was 3.1%, down from 3.4% in December. One year ago, it was 10.0%. These numbers are Eurostat, Statistical Office of the European Union.The lowest annual percentage rates are: Denmark, Italy (both 0.9%), latvia, Lithuania and Finland (all 1.1%). The highest annual interest rate was recorded by Romania (7.3%), estonia (5.0%) and Croatia (4.8%). Compared to December, annual inflation rates fell in 15 member countries, remained stable in one…

Today, February 22nd, the Purchasing Managers Index's “preliminary” forecasts have been released. (PMI) Released in the UK and Eurozone. With the UK, like Germany, officially in recession, these datasets are being closely monitored for signs of recovery in key economic sectors such as manufacturing and services. These are original estimates for the month and are subject to revision.Preliminary PMI survey data provided today by S&P Global shows that business activity, particularly in the euro area, fell in February to the lowest level in eight months. Stability in service sector production offset a further sharp decline in manufacturing. The seasonally adjusted…

The economic fortunes of the eurozone's two giants are divergent. While Germany faces challenges and remains under pressure, France is showing signs of recovery. advertisementThe situation in the euro area is complex, with the manufacturing sector continuing to contract, while the services sector is showing signs of improvement after six months of weakness.The latest survey of private sector activity in the euro area, based on the Hamburg Commercial Bank's (HCOB) preliminary Purchasing Managers' Index (PMI), also showed striking differences between the two largest economies. While Germany's economic contraction deepens, France shows signs of hope for recovery.The index varies from 0…

By: Alexander Reed | Last updated: 2/22/24 Buying Bitcoin with a bank account is probably the best way to go in order to get the cheapest exchange rate possible. Different exchanges will be best suited for you depending on where you live in the world. This post will cover the leading reputable exchanges that supply bank wire services. How to Buy Bitcoin with a Bank Account Summary Visit Kraken and open an account Go to your dashboard and select – “Add payment method” Add your bank account Go to “Buy/sell” Buy Bitcoin eToro disclaimer: This ad promotes virtual cryptocurrency investing…

Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.The downturn in the euro zone's beleaguered economies is easing, with stabilizing activity in services firms offsetting a steep decline in manufacturing, particularly in Germany, a closely tracked business survey found. .S&P Global's Eurozone Composite Purchasing Managers Index, which measures business activity across the eurozone, rose to 48.9 this month, an eight-month high, up from 47.9 in January. Economists polled by Reuters had forecast a slight increase of 48.5. In the overall figures, the contraction in business activity in Germany appears to…

Cryptocurrency markets are bracing for more volatility in the financial sector as the possibility that the US Federal Reserve will cut interest rates soon begins to fade. Minutes of the meeting released Wednesday showed the Fed remains cautious about its approach to cutting rates. The meeting minutes also confirmed the fact that interest rates will be maintained for the long term, as the country's economic indicators indicated. Fed remains wary of rate cut trajectory Minutes from the Fed's most recent meeting showed officials were cautiously optimistic about inflation and said they were in no hurry to cut interest rates. The…

Wednesday, February 21, 2024 ▪ Four Minimum read time ▪ up to Eddie S. Binance’s announcement on February 20th to delist Monero exploded like a bomb. Behind this technical decision lies a relentless power struggle between supporters of anonymous cryptocurrencies and states seeking to ban them. Monero has become a symbol of this ideological struggle with huge stakes. Cryptocurrency Monero angers regulators Monero, whose transactions are impossible to trace, represents a regulator’s nightmare. Its privacy technology prevents tracking of the flow of funds, unlike Bitcoin, for example. Opponents say this will make it easier to launder money and finance illegal…

Wednesday, February 21, 2024 3 Takes a few minutes to read ▪ Eddie S. The cryptocurrency market experienced another frenzy on Tuesday, as trading volumes for the VanEck Bitcoin ETF (HODL) surged by over 2,200% in a single day, making HODL the third most traded ETF after Grayscale’s GBTC and BlackRock’s IBIT. Massive influx of retail investors causes explosive increase in trading volume According to the data, HODL hit a volume of more than $400 million on Tuesday, 22 times the usual daily average of $17 million, and the surge was likely driven by a large number of small retail…