Market Updates

May
14
“Global Renewable Energy…”

Renewable energy grew at its fastest pace in the last two decades, 2020 was led by China and shall continue to grow in the next two years, showed a report by the International Energy Agency (IEA) on Tuesday.

May
7
“Bank of England slows Bond Buying…”

The Bank of England (BOE) slowed the pace of its trillion Dollar stimulus program and is expecting a faster recovery but still stressed about tightening the monetary policy.

Apr
30
“US President to push Trillions in Investments…”

US President Joe Biden proposed a $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday. He stressed the need to invest to compete…

Apr
23
“The European Union and the European Central Bank…”

German Constitutional court decided to dismiss legal challenges against the European Union’s recovery plan, which helps with the stimulus being rolled out across the region. In late March, the highest court in Germany had a number of questions with regards to the EU’s plan to raise €750 billion through financial markets.

Apr
16
“Coinbase and Cryptocurrencies…”

Bitcoin has been increasing in price to reach record highs, in anticipation to Wednesday’s IPO of crypto exchange Coinbase

Apr
8
“Germany’s Deficit Highest in 30 years…”

Germany’s public sector deficit reached €189.2 billion in 2020 due to the coronavirus pandemic. This was the first deficit since 2013 and the highest budget shortfall since the German reunification three decades ago, according to the Statistics Office.

Mar
30
“Ever Given, Oil and Political Instability…”

Early last week Ever Given, a 400-meter-long vessel leased by Evergreen Line had become jammed diagonally across the southern section of the Suez Canal, due to high winds.

Mar
26
“Eurozone Business Activity…”

Eurozone business activity unexpectedly grew this month according to a preliminary survey despite most of Europe is suffering from a third wave of coronavirus infections and renewed lockdown measures.

Mar
18
“The Federal Reserve Two-day Policy Meeting…”

Federal Reserve officials wrapped up a two-day policy meeting on Wednesday. The Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year, as the COVID-19 crisis lessens.

Mar
12
“European Central Bank Meeting…”

In a meeting on Thursday the European Central Bank said that it was ready to accelerate money-printing to keep a lid on eurozone borrowing costs.

Mar
5
“Oil…”

On Monday oil prices dropped more than 1% amid fears that Chinese crude oil consumption is slowing and that OPEC may increase global supply following the meeting on Thursday.

Feb
26
“Federal Reserve Chair Jerome Powell…”

Federal Reserve Chair Jerome Powell pushed back on the suggestions that loose monetary policy risked unleashing inflation and financial risks amid the emerging economic boom.

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