Ukraine to introduce emergency state
Ukraine will likely introduce a nationwide state of emergency. This will have a special restrictions implied, with the aim of calming the population of the country and protect its economy, independence and sovereignty from Russia and its steps. This state should remain for at least 30 days and can be subsequently extended by another 30 days.
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The number of Americans submitting new applications for unemployment benefits increased by 29,000, reaching 219,000. The number increased from the five-month low. This was significantly higher than the forecast at 203,000, pointing to a possible easing of labor market conditions.
Private businesses in the US created 208K jobs in September 2022 compared to an upwardly revised 185K in August. This was followed after schools reopened and pandemic concerns receded. However, while job growth is stable, it remains below the recent three-month average.
Purchasing Managers Index (PMI) declines more than expected in Spain, Germany, Italy, and France. As a result, the whole European PMI falls directly due to the aggressive monetary policy adopted by central banks.
The rate of consumer price inflation in Germany increased to 10.0% year-over-year in September 2022. Inflation surpassed market predictions of 9.4% and marked the highest level since 1951 when it peaked at roughly 11.0%.
Eurozone Purchasing Managers’ Index (PMI) fell to 48.9 in September of 2022 from 49.8 in August, and Germany Services PMI also dropped to 45.4 from 47.7. UK Services PMI also falls from 50.9 to 49.2, but France surprises with a rebound from 51.2 to 53.
Doug Ramsey, the COO of Beyond Meat, was detained this weekend. Ramsey is accused of biting a man’s nose in a parking garage in Arkansas following a college football game. He was lodged in the Washington County jail after being accused of third-degree battery.
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The so-called decentralized autonomous organization MakerDAO is transferring $500 million worth of the token to fixed-income obligations. These consist of corporate bonds and short-term US Treasuries.
Semtech shares dropped by 10% in a single day. Semtech Stocks are trading lower after the company announced a $250 million convertible senior notes offering. The stock is down 68% so far this year.
After months of investigation, South Korean police have reportedly caught Yoo Mo. He is the first captured person involved in the Terra blockchain ecosystem collapse. Yoo Mo was the head of business and has done market making in his time.
Silver rose rapidly from $18 to $21 in just a few days, and safe-haven bids propelled this growth. Now silver falls by more than 5% below the $20 mark.