Market News

Apr
29
“Oil reaches 2008 highs as the US and Europe consider a ban on Russian oil imports…”

Brent crude rose to near $130 a barrel on Monday, the highest level since 2008, as the US and its European allies consider a Russian oil import embargo, while delays in the probable return of Iranian crude to global markets fuelled supply concerns.

Apr
22
“Euro zone March inflation revised slightly down…”

Inflation in the euro zone in March was slightly lower than previously reported but remains at record highs due to rising energy costs, according to EU statistics.

Apr
14
“Consumer prices in the US…”

Consumer prices in the US increased by the most in 16 ½ years in March amid Russia’s war against Ukraine that boosted the cost of gasoline to record high. The consumer price index edged higher by 1.2% last month, the biggest monthly gain since September, 2005, said the Labour Department on Tuesday.

Apr
8
“German Industrial Orders …”

German industrial orders dropped more than expected in February amid weaker demand from abroad according to data on Wednesday.

Apr
1
“Consumer Sentiment in Europe…”

France and Germany’s consumer confidence dropped more than expected this month amid inflationary pressures and the war between Russia and Ukraine, showed a survey on Tuesday.

Mar
25
“Inflation in the UK…”

Inflation in the UK climbed faster than expected last month hitting a new 30-year high. The Office for National Statistics said that consumer prices rose by 6.2% in February after a 5.5% increase in January, its highest rate since March 1992.

Mar
18
“Federal Reserve Meeting…”

On Wednesday the FED raised interest rates for the first time since 2018. It also laid down an aggressive plan to push the borrowing costs to restrictive levels next year to cover the economic risks….

Mar
11
“ECB Meeting…”

On Thursday the European central bank announced its plan to end asset purchases in the third quarter, accelerating its exit from the extraordinary stimulus amid soaring inflation.

Mar
4
“FED Chair Jerome Powell…”

Fed Chair Jerome Powell said on Wednesday that the Federal Reserve will move forward with plans to raise interest rates this month to try to tame high inflation, however, the war in Ukraine has made the outlook “highly uncertain” for US central bank policymakers.

Feb
25
“Russia Attacks Ukraine…”

Western fears of a major war in Europe after which on Monday, Russian President Vladimir Putin recognised the separatist enclaves in the Donbass region of eastern Ukraine that adjoin Russia.

Feb
17
“Eurozone Economic Growth…”

Eurozone economic growth slowed sharply quarter-on-quarter as expected in the last three months of 2021, confirmed data on Tuesday. Activity was hit by another wave of COVID-19 infections and surging prices impacted disposable incomes.

Feb
9
“German Industrial Output…”

German industrial production dropped in December, showed official data on Monday as supply chain bottlenecks and a drop in construction inhibited its economy at the close of last year.

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