Market News
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%…
Jun
3
“EU’s Embargo on Russian oil imports…”
European Union leaders have agreed on an embargo on Russian oil imports that will commence towards the end of the year and which for now exempts pipeline imports which Hungary and two other central European states depend on.
May
27
“German Economy…”
The German economy grew slightly in the first quarter from the previous one by an adjusted 0.2% quarter on quarter and 3.8% on the year, said the Federal Statistics Office on Wednesday.
May
20
“US Retail Sales…”
US retail sales increased strongly in April as consumers purchased more motor vehicles amid an improvement in supply and increased spending at restaurants…
May
13
“UK Economy…”
The UK economy shrank by 0.1% in March whilst it expanded by 0.8% for the first quarter of 2022, showed official figures on Thursday. The decline in GDP occurred by a drop in output by 0.2% mainly from Britain’s dominant services sector.
May
6
“FED Meeting…”
In a meeting on Wednesday, the FED raised its benchmark overnight interest rate by half a percentage point…
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