Category: Investment

European stocks bounced back from 22-monht lows on Tuesday, although U.K. markets were trading lower as the British pound extended gains after the release of labor market data showing that U.K. wages grew faster than expected in August. The Average Earnings Index, with bonuses included, stood at 2.7 percent in the month, up from 2.6 percent in the previous month... Read More

Budding NBA player Spencer Dinwiddie, a strong supporter of Bitcoin and an investor, said his signature shoe brand K8IROS would accept Bitcoin as payment. In an interview with Bleacher Report, the player, who is currently with the Brooklyn Nets, said his shoe line will be released this season. Dinwiddie has been wearing the sneaker all preseason, while it will hit... Read More

China’s inflation rose to a 7-month high in September on higher energy prices, data from the National Bureau of Statistics revealed Tuesday. Consumer prices advanced 2.5 percent year-on-year in September, in line with expectations but faster than the 2.3 percent rise in August. This was the highest increase since last February. Nonetheless, inflation remains well below the government’s full year-target... Read More

Economic confidence from Germany and unemployment from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany’s import prices for August. Economists forecast prices to climb 5.2 percent annually in August, following a 5 percent rise in July. Finland GDP data is also due at... Read More