By Craig Erlam Stock markets made decent gains on Tuesday, bouncing back quickly from the disappointment late Monday as Fed Chair Powell turned the hawkish dial up a notch. It didn’t take
The impact of Russia’s invasion of Ukraine is now reflecting in the net worth of the country’s elite business people known to control vast fortunes, as the economic sanctions imposed by the
By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks traded higher Tuesday morning, while European shares rose after Fed Chair Jerome Powell struck a more hawkish tone on monetary policy. In
By Craig Erlam It’s been a flat start to the week in equity markets, with Europe posting marginal losses or gains. There’s been so much to absorb in recent weeks and while
The value of the United States dollar has fallen considerably in recent years, raising questions over the dollar’s long-term viability as a safe-haven currency. According to data presented by Finbold, the U.S.
By Craig Erlam Investors are opting for caution at the end of another strong rebound week, with equity markets a little lower as we near the close. The rebound we’ve seen over
By Roland Jackson The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level to combat runaway inflation that risks soaring far higher as the Ukraine conflict fuels energy costs.
Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders also tracking interest rate decisions and China’s pledge to support volatile markets. The price of benchmark oil
European stock markets climbed at the open Thursday, with investors widely expecting the Bank of England to announce a third straight interest rate rise to combat decades-high UK inflation. London’s benchmark FTSE
By Heather Scott US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.
