Market News
Aug
26
“German Business Activity…”
In August Germany saw a downturn in business activity as shown by the S&P Global’s flash composite Purchasing Managers’ Index (PMI) that tracks both the manufacturing and services sectors which both account…
Aug
19
“Eurozone Inflation for July…”
Eurozone inflation reached a new record high of 8.9% year-on-year in July, with the core measure that excludes the most volatile components…
Aug
12
“US Consumer Price Growth…”
US consumer prices remained unchanged in July amid a sharp drop in the cost of gasoline. In a closely watched report, the Labour Department said that the Consumer Price Index (CPI)…
Aug
5
“Bank of England Raises Interest Rates, the most since 1995…”
On Thursday, the Bank of England (BOE) raised interest rates by the most in 27 years to combat the rise in inflation which is set to reach 13%. The BOE’s Monetary Policy Committee voted 8-1 for a half percentage increase…
Jul
29
“FED announced a 75 basis-point increase…”
The FED on Wednesday announced a 75 basis-point increase raising the central bank’s overnight interest rate from near zero to a level between 2.25% and 2.5%. This is the fastest tightening of monetary policy since the battling of double-digit inflation in the 1980’s…
Jul
22
“ECB raises rates by more than expected…”
The ECB raised interest rates by more than expected on Thursday increasing the benchmark deposit rate by 50 basis points to zero percent.
Jul
15
“European Commission cuts the EU’s growth forecast…”
The European Commission has cut its forecasts for economic growth for the current year and next year whilst also revised up its estimates for inflation mainly due to the war in Ukraine.
Jul
8
“Boris Johnson Quits as UK prime Minister…”
A focus on this week’s news was the announcement of Boris Johnson quitting as the British Prime Minister after losing support of his ministers. He will remain until his successor is chosen.
Jul
1
“The Group of Seven (G7)…”
This year’s summit was focused on the war in Ukraine and the global economic situation, particularly soaring food, and energy inflation. The Group of Seven economic powers have agreed to explore imposing a ban on transporting…
Jun
24
“President Macron…”
French President Emmanual Macron lost control of the National Assembly in legislative elections on Sunday.
Jun
17
“The Fed and the hike in interest rates…”
On Wednesday the Federal Reserve (FED) raised the target federal funds rate by three-quarters of a percentage point to a range of between 1.5% and 1.75%.
Jun
10
“ECB ends Bond Purchases, indicates Rate Hikes…”
The European central bank ended its long running stimulus policy on Thursday and indicated a series of rate hikes that could even increase further from September if the inflation outlook does not improve. Inflation is at a record 8.1%…
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