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UK Inflation at Near 30-Year High

UK Inflation at Near 30-Year High

267
Economy news
18.02.2022

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...

Miami Emerges as Crypto Epicenter

Miami Emerges as Crypto Epicenter

269
Cryptocurrency news
17.02.2022

Blockchain-based venture capital transactions continued to surge in 2021, with Miami emerging as the surprise epicenter of this growth. Investment in this overall sector rose by an impressive 2,061% in 2021, according to an analysis of tens of tho...

Euro Leads Market Rebound on Cooling Ukraine Tensions

Euro Leads Market Rebound on Cooling Ukraine Tensions

268
FOREX news
16.02.2022

The euro rallied in Tuesday’s trading on news that Russia announced it would pull back some of its troops from the Ukraine border. However, no sooner had the currency jumped 0.45% did it soften to $1.1347 on the news of a cyber-attack affect...

Copper Prices Rise as Inflation Fears Mount

Copper Prices Rise as Inflation Fears Mount

273
Commodities news
13.02.2022

The price of London copper rose on Monday as investors continued to look for a hedge against inflation, which shows no sign of cooling down. The three-month copper price on the London Metal Exchange (LME) climbed 0.4% to $9,899.5 a ton. According...

Emerging Markets Look to Avoid Fed Fallout

Emerging Markets Look to Avoid Fed Fallout

270
Economy news
11.02.2022

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...

Brazil to Increase Key Interest Rate

Brazil to Increase Key Interest Rate

267
Economy news
10.02.2022

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 exp...

Asian Stocks Welcome US Tech Stock Rally

Asian Stocks Welcome US Tech Stock Rally

271
Stocks news
09.02.2022

Major Asian shares held firm this week after a strong showing from tech stocks on Wall Street. All three main Wall Street indexes closed higher, with tech stocks, including Apple and Microsoft, showing gains. The MSCI Emerging Market Index, coveri...

Investors Search for New Cryptos

Investors Search for New Cryptos

286
Cryptocurrency news
08.02.2022

Despite Bitcoin’s price swings in the last few months, many investors remain undeterred and are looking for new cryptocurrencies in which to invest. Bitcoin has clawed back about 16% of value over the past two weeks to sit above $41,000. Som...

Meta Networks Suffers Market Cap Rout

Meta Networks Suffers Market Cap Rout

285
Stocks news
07.02.2022

Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s...

Hawkish ECB Turn Blindsides Australia Dollar

Hawkish ECB Turn Blindsides Australia Dollar

300
FOREX news
04.02.2022

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced &ldq...

Bank of England Ready to Respond to Inflation Pressure

Bank of England Ready to Respond to Inflation Pressure

284
Economy news
03.02.2022

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 recent poll th...

German Bond Yields Spike on Worries Over ECB Plans

German Bond Yields Spike on Worries Over ECB Plans

285
Economy news
02.02.2022

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...

Australia Central Bank in No Rush to Hike Rates

Australia Central Bank in No Rush to Hike Rates

262
Economy news
01.02.2022

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 reve...

Strong Dollar Pushes Gold Towards Six-Month Lows

Strong Dollar Pushes Gold Towards Six-Month Lows

300
Commodities news
30.01.2022

The price of gold tumbled for a fourth consecutive session on Monday, pushing the precious metal toward its biggest monthly fall in nearly six months. The drop was fueled by a strengthening US Dollar that continued to rise on the back of important...

IMF Downplays US and China Growth Prospects

IMF Downplays US and China Growth Prospects

2197
Economy news
28.01.2022

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 anticipated as...