Fed’s Powell warns of higher rates

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that it will likely raise interest rates more than expected amid strong economic data and that it is prepared to move more aggressively

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All eyes on Powell

By Craig Erlam   It’s shaping up to be another relatively flat day in the markets as investors turn their attention to Capitol Hill ahead of Jerome Powell’s first testimony. The Fed Chair

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Volatile week with risk events ahead

  By Lukman Otunuga, Senior Research Analyst at FXTM The next few days could be wild and incredibly volatile for financial markets thanks to key central bank meetings, a semi-annual Congress appearance

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Five Med states unhappy with asylum burden

Less than a week after a deadly migrant shipwreck off Italy, five European Union states on the Mediterranean have criticised fellow members for not accepting asylum-seekers under a voluntary relocation initiative. The

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Ending the week on a high

By Craig Erlam   Stock markets are ending the week on a positive note although broadly speaking, it doesn’t seem we’ve progressed in either direction over recent weeks. Trading has become very choppy

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Cyprus mourns Cypriot train crash victims

Three days of mourning have been declared after Cypriots Kyprianos Papaioannou, 23, and Anastasia Adamidou, 24, were confirmed dead by Greek authorities after their bodies were identified through DNA in the deadly

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