Summary:

• Ahead of U.S. inflation data stock markets inched lower on Thursday.
• The new Twitter Blue has come after a false start over the weekend.
• The European Commission published its suggestions for reforms on Wednesday.

US Dollar held onto overnight gains on Thursday

Ahead of U.S. inflation data that could affect the Federal Reserve's rate plans, stock markets inched lower on Thursday but the dollar held onto overnight gains. Investors were alarmed by the potential collapse of a major cryptocurrency exchange.

The Fed has quickly raised rates this year in response to sky-high inflation, which has strengthened the dollar and led to U.S. Treasuries and stocks will drop significantly globally. However, earlier this week, optimism that the Fed might be reaching the end of this process helped the STOXX benchmark to a two-month high. release of Americans As investors attempt to position themselves based on when and at what level they believe U.S. interest rates will peak, the CPI data, which is due at 1330 GMT, is the primary event of the day for markets.

"Everyone is focused on that and how that will affect the pricing for not only the December Fed meeting but also the peak policy rate pricing."

The Fed has quickly raised rates this year in response to sky-high inflation, which has strengthened the dollar and led to U.S. Treasuries and stocks will drop significantly globally. However, earlier this week, optimism that the Fed might be reaching the end of this process helped the STOXX benchmark to a two-month high. release of Americans As investors attempt to position themselves based on when and at what level they believe U.S. interest rates will peak, the CPI data, which is due at 1330 GMT, is the primary event of the day for markets.

Twitter verification subscriptions

The new Twitter Blue has come after a false start over the weekend. The program, which costs $8 per month in the US, gives users access to fast account verification and a blue checkmark that appears next to their tweets and on their profile page. The subscription was not made accessible for Android as of the time this article was being written. It's also unknown when Twitter Blue will launch in regions other than those where it presently operates as of right now.

Notably, the membership prompt identifies the $8 monthly pricing as a "limited-time offer" and lists the ability to see half as many advertising and post longer videos as additional bonuses that haven't yet been made accessible but were promised by Twitter owner and CEO Elon Musk.

Since completing his takeover of the business over two weeks ago, Musk has promoted paid account verification as a strategy for making Twitter financially sustainable and boosting platform trust. However, many were quick to point out the service was likely to have the opposite effect since practically anyone could pay for verification and then theoretically change their account name to mimic another user when it briefly started rolling out the new Twitter Blue on Saturday. Musk warned users who were impersonating others would need to expressly identify they were running a parody account or face a permanent ban after a few verified "blue-check" users modified their accounts to impersonate Musk.

EU reform suggestions

Finally, it is moving once more. The European Commission published its suggestions for reforms on Wednesday, marking a major milestone in the quest to modify the EU's ill-fitting budget rules. The main goal is to accept the unavoidable: that laws must be more straightforward, flexible, and connected to more reliable rewards and penalties that advance rather than obstruct common policy goals like more investment. All of this reflects the mental evolution now taking place in national capitals. Briefly stated, Brussels wants to maintain the Treaty-based references to deficit and debt limits of 3 and 60% of GDP, respectively, but negotiates individual multiyear budget plans that can last up to seven years when combined with agreed investments and reforms. These plans can be as long as four years.

Sources: twitter.com, ft.com, finance.yahoo.com, investing.com