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06:07
Surging energy prices undermine income expectations, German consumer confidence hits over three-year low
Golden Ten Data reported on April 27 that German consumer confidence has fallen to its lowest level since February 2023, as Middle East conflicts and soaring energy prices have dampened income expectations and dashed hopes for a moderate economic recovery this year. Germany's Gfk Consumer Confidence Index for May dropped to -33.3 from -28.1 in April, marking the largest decline since October 2022. This downturn follows a decline in the closely-watched Ifo business climate indicator, which last Friday showed its lowest reading in nearly six years for April. With widespread weakness in manufacturing, services, and construction, businesses have become increasingly pessimistic about their prospects in the coming months. Among the approximately 2,000 surveyed consumers, a growing sense of gloom about the outlook is also evident. The report showed that the indicator measuring income expectations fell sharply by 18.1 points to -24.4, reflecting the pressure from rising inflation. The survey also indicated a weakening in consumer willingness to make purchases, while Germans' willingness to save has slightly decreased but remains at a high level. Meanwhile, consumer expectations for the economy have dropped to near the levels seen in April 2022.
06:06
Nomura: The Central Bank of Thailand May Become More Cautious
Jinse Finance reported that on April 27, economists from Nomura stated in a report that while the Bank of Thailand is likely to keep its policy rate unchanged at 1.00% this week, it may adopt a more cautious stance. They indicated that the Bank of Thailand could shift from its previous neutral tone to a more accommodative approach. The economists said the central bank might acknowledge new shocks brought about by the Middle East war and warn that these could put pressure on Thailand's near-term growth prospects. Nomura predicts that in the event of an energy price shock triggered by the Middle East conflict, the Bank of Thailand will disregard the resurgence of inflation. (Eastnews)
06:00
User "FilmStar" spent 35 ETH to purchase 2 BAYC, valued at $81,500.
According to Odaily, as shown on the OpenSea page, 2 hours ago a user with the address named FilmStar spent 35 ETH to purchase 2 BAYC NFTs, valued at 81,500 US dollars. Among them, BAYC#5617 was purchased for 10 ETH, and BAYC#4593 was purchased for 25 ETH. This address currently also holds 1.3 million USDC. Some users speculate that this user may be a South Korean pop music star.
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