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Multiple Baltic Sea gas pipeline leaks raise concerns
In the Eurozone, multiple leaks in Russia’s gas pipeline in the Baltic Sea raise concerns about the escalating energy conflict between Europe and Russia, which pushed European natural gas prices higher and exerted bearish pressure on investors’ moods. US stocks declined on Tuesday, dropping for the sixth session and ending a volatile session lower asContinue Reading
Global Central Banks Focus on Tackling Inflation
US stocks declined on Monday, extending their recent slide and fell in a volatile session amid the fact that worldwide central bankers insisted on battling inflation at any cost. On the economic data side, US Durable Goods Orders and CB Consumer Confidence are taking centre stage on Tuesday. The UK markets were in focus onContinue Reading
US stocks tumbled amid the risk-off market sentiment and surging US dollar
US stocks tumbled sharply on Friday, coming under heavy bearish pressure and suffered daily losses amid the risk-off market sentiment and surging US dollar. The UK’s plan to lift its economy fueled concerns about heightened inflation and added to fears of a global recession. Liz Truss’s new UK government delivered the most sweeping tax cutsContinue Reading
Week Ahead: US Initial Jobless Claims, CB Consumer Confidence, Canadian GDP
This week will see a much lighter schedule of data releases compared to last week. Some significant releases to watch out for include the CB Consumer Confidence and Core PCE Price Index in the US and the Gross Domestic Product in Canada. US CB Consumer Confidence | 27 September 2022 The US Consumer Confidence IndexContinue Reading
Bank of England and Swiss National Bank follow Fed in increasing interest rates
On Wednesday, U.S. central bank officials raised interest rates to a new range of 3.0% to 3.25%. Policymakers also expect to lift rates higher than before and maintain that level, projecting the fed funds rate rising to 4.4% by the end of this year and 4.6% by the end of 2023. Numerous central banks fromContinue Reading
