Economy News

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are hoping financial stocks ...

Europe's stock markets consolidated strong gains made in Asia on Thursday, after the US Federal Reserve pressed ahead with its first interest rate rise in more than three years. The EuroSTOXX 600 was steady, 0.1% lower after an initial rise. ...

In a much-anticipated move, the US Federal Reserve raised interest rates for the first time since 2018. The American central bank is hoping that higher interest rates, in concert with reduced pandemic-era fiscal support, will help reduce inflation. The Fed ...

With Russia no longer a market that investors can enter since the invasion of Ukraine, other emerging economies have started to take on new appeal. Several major US index providers have removed Russian stocks from their indexes. Trading shares of ...

The global economy was still in turmoil at the start of the second week of Russia’s invasion of Ukraine, with most markets losing value as investors remained deeply shaken. On Wall Street, Dow futures slid 1.7%, nearly 600 points. Meanwhile, ...

The global economy went into a tailspin on the morning that Russia attacked Ukraine, ending weeks of diplomatic efforts to avert the crisis. US stock futures plunged on Thursday. Dow futures were down as much as 780 points, or 2.4%. ...

The sterling edged upwards after the UK’s inflation numbers soared to a nearly 30-year high, prompting widespread expectations that the Bank of England (BoE) would further hike interest rates. The annual rate of consumer price inflation rose to 5.5% in ...

Emerging market funds look set to perform better this month than they historically have when the US Fed hikes interest rates. Emerging economies normally brace for a strong dollar, since they have often borrowed heavily in the greenback and suffer ...

Analysts expect Brazil’s central bank to increase the benchmark interest rate as the country tightens monetary controls, with several more increases in the pipeline. Market watchers expect rake hikes in March and May, with interest rates expected to hit a ...

The Bank of England (BoE) is expected to hike interest rates again this week as it continues to pull away from its pandemic-era stimulus that includes a slowing of its bond-buying plan. A majority of influential economists said in a ...

German government bond yields surged on Tuesday, driven by investor expectations that the European Central Bank (ECB) will announce more rapid policy tightening after its meeting on Thursday. Germany's influential 10-year government bond yield rose 2.5 basis points, reaching 0.038%, ...

While many developed economies battle with high inflation and the decision whether to hike interest rates or not, Australia’s cash rate remains at a record low of 0.1%. Minutes from the Reserve Bank of Australia’s February meeting revealed the country’s ...

The IMF reduced its projections for global growth to 4.4%, down by 0.5%, which is significant in global terms. In particular, the group said the world’s number one and two economies, the US and China, would grow more slowly than ...

Chile’s central bank plans to raise its benchmark interest rate to 5.25%, a level not seen in a decade. Analysts expect this to come in the form of a third consecutive interest rate hike of 125 basis points. With all ...

Chinese President Xi Jinping appealed directly to major central bank bosses to resist increasing interest rates to ensure global financial stability. Speaking this week at a World Economic Forum event, China’s leader asked major world economies to instead work in ...