Germany's economic growth is showing signs of cooling, with the ZEW Indicator of Economic Sentiment dropping from 19.2 to 3.6 in September. Despite a slight GDP increase of 0.2% in Q1, the economy contracted by 0.1% in Q2, and private consumption is faltering due to high inflation and changing consumer preferences. The outlook suggests a challenging period ahead, with stagnation and slight declines in GDP likely in the coming months.
Ethereum's price has surged ahead of the Federal Reserve's upcoming meeting, where a decision on interest rates is anticipated. Investors are speculating on a potential rate hike of 25 or 50 basis points, with a 63% probability of a 50 basis point cut. Additionally, the US election campaign is expected to influence market dynamics, particularly following a recent debate between Kamala Harris and Donald Trump, with hopes for a crypto-friendly administration.
A Danish woman changed her name to sell her Verbier apartment to herself, aiming to clear her debts. The notary involved is charged with forgery for failing to verify her identity, while the Banque cantonale du Valais, deceived in a mortgage deal, has also faced scrutiny. The case is ongoing, with a verdict pending.
