cryptocurrency value Top Block

Kaitou Macro: There is no end in sight for the industrial difficulties in the euro zone. Jack Allen-Reynolds, a macro economist at Kaitou, said in a report that the stagnation of industrial production in the euro zone in October shows that its industrial sector is still weak and will continue to struggle. In fact, he said, without Ireland's data, the G-20' s constant production data would look much worse, or it would drop by 0.5% month-on-month, while Ireland's data is notoriously unstable. Allen-Reynolds said that the output in October excluding Ireland decreased by 2.8% compared with the same period of last year, which was 18% lower than the output level of energy-intensive industries before the outbreak of the conflict between Russia and Ukraine. He said that automobile production is 17% lower than the pre-epidemic level. Although the production performance of other industries is not so bad, the latest survey shows that the overall industrial production continues to decline.The Stoxx Europe 600 index fell to an intraday low of 0.5%.Increase the countercyclical adjustment of macro policies. A series of reform measures will be introduced next year. From the national development and reform work conference held by the National Development and Reform Commission, we learned that in order to fully implement the spirit of the Central Economic Work Conference, we will increase the countercyclical adjustment of macro policies next year, and solidly promote economic stability, structural improvement and development trend. The relevant person in charge of the National Development and Reform Commission said that a more active and promising macro policy will be implemented next year to enhance the consistency of macro policy orientation.

Nasdaq hit a record high in intraday trading, up 0.8%.Market news: Brazilian President Luiz Inacio Lula da Silva entered the semi-intensive care unit for recovery after surgery. 

The Stoxx Europe 600 index fell to an intraday low of 0.5%.Market news: Brazilian President Luiz Inacio Lula da Silva entered the semi-intensive care unit for recovery after surgery.USD/CAD of USD/CAD once rose by 0.2%, hitting a four-and-a-half-year high of 1.4244.