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Brazil to Increase Key Interest Rate

Brazil to Increase Key Interest Rate

355
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

334
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

376
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

362
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

377
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

349
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

359
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

330
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

379
Commodities news
31.01.2022

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

2415
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...

Chile to Raise Interest Rate to Decade High

Chile to Raise Interest Rate to Decade High

349
Economy news
27.01.2022

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 eyes on the US Fed and t...

Japan’s Nikkei Falls Ahead of Fed Decision

Japan’s Nikkei Falls Ahead of Fed Decision

220
Last news
26.01.2022

Japanese technology stocks on the Nikkei index showed signs of being weighed down by concerns over the US Fed’s hawkishness around interest rate hikes. US tech stocks started the trend early in the week’s trading by suffering strong lo...

Bitcoin Slumps Again

Bitcoin Slumps Again

377
Cryptocurrency news
25.01.2022

The price of Bitcoin fell to below $33,500 in Monday’s trading as cryptocurrencies continued to take a hammering. Crypto has kept falling in tandem with US stocks since the turn of the year, albeit to varying degrees, as investors weigh up t...

Turkey to See Massive Inflation Rise

Turkey to See Massive Inflation Rise

376
FOREX news
24.01.2022

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any...

Russia Proposes Ban on Crypto

Russia Proposes Ban on Crypto

389
Cryptocurrency news
21.01.2022

Russia's central bank has proposed a ban on the use and mining of cryptocurrencies on its soil. Citing the speculative demand that drives much of crypto’s gains as a dangerous threat, the central bank wants to crack down on almost all crypt...