🚨 Azerbaijan's Central Bank has maintained its interest rate at 6.5%, unchanged from previous levels.
🚨 Germany's economic indicators show significant improvements, with the Composite PMI rising to 53.8 from 51.8. The Manufacturing PMI slightly decreased to 53.8, down from 54.3, while the Services PMI saw a notable increase to 52.9, up from 49.7. This data reflects a positive shift in the economic landscape as of September.
🚀 The open interest in crypto futures on the Hyperliquid exchange has reached a record $18 billion. An increasing number of traders are entering the market, aiming to achieve significant wealth by trading with leverage ranging from 50x to 100x.
🚨 The Eurozone's economic outlook shows positive signs in the September preliminary data. The Composite PMI stands at 53.1, up from 52 previously. The Manufacturing PMI remains steady at 52.7, while the Services PMI has improved to 53 from 51.6. These figures indicate a strengthening economic environment across the region.
🌎 The OECD forecasts a global GDP growth of 2.9% in 2026, up from 2.8% predicted in June, and 3% in 2027, revised from 3.1%. China's GDP is expected to grow by 4.5% in 2026 and 4.2% in 2027. The eurozone's GDP is projected to increase by 1.0% for both years, up from 0.8% and 1.2%, respectively. The US GDP growth is estimated at 2.2% in 2026 and 2.1% in 2027, while India's forecast rises to 7.1% from 6.3%. The UK's GDP growth is revised to 1.1% in 2026 and 1.0% in 2027.
🌎 The OECD predicts that the Bank of Japan will raise its key interest rate to 2% by the end of 2027. Meanwhile, the Bank of England is expected to maintain its rates at the current level for most of 2027, with a potential rate cut on the horizon. Additionally, the OECD anticipates that the Federal Reserve and the European Central Bank will increase rates once more this year before holding them steady until 2027.
⚠️🧠 The OECD warns that investment expectations in AI may not be met. Planned capital expenditures by major tech and cloud computing firms are rapidly increasing. Current investment strategies suggest significant future profits, particularly for semiconductor manufacturers. For more details, refer to the OECD's report.
🚨🇬🇧 The latest economic reports from Britain reveal a Composite PMI of 51.7, down from 52.5. The Manufacturing PMI has increased to 52, up from 51.7, while the Services PMI dropped to 51.7, down from 52.5. These figures provide insight into the current state of the UK's economy as it navigates ongoing challenges.
🚀 Raiffeisen Bank has announced the launch of cryptocurrency trading through a partnership with Bitpanda. This move aims to integrate digital assets into their banking services, providing clients with new investment opportunities. For more details, visit the official Raiffeisen site and Bitpanda site.
⬆️🛢🇪🇺 European drivers are now paying 40% more for diesel than at the beginning of the year, reports the Financial Times.
⚠️ The European Union is planning to mobilize around €800 billion for rearmament by 2030. The funding will primarily come from banks, pension, insurance, and investment funds, alongside private investors purchasing government and EU-wide bonds. This financial influx will benefit defense companies and their suppliers, according to Izvestia.
🇦🇲🇺🇸 Armenia and the U.S. are set to enter a new economic era with the launch of the TRIPP (Trump Route for International Peace and Prosperity) project, Prime Minister Pashinyan announced. TRIPP aims to develop road, rail, and oil and gas infrastructure, connecting Azerbaijan's main territory with the Nakhchivan Autonomous Republic through Armenia via a 42 km route, and extending further to Turkey.
🛢️ The United States has exported more LNG to Asia than to Europe for the second consecutive month, according to data from the US Department of Energy, reports TASS.
🚫 Binance will halt deposits and withdrawals in hryvnia through Fiat Trade UAH and remove the USDT/UAH spot trading pair from its listing.