By Craig Erlam Stock markets have been under pressure on Friday and the US is poised to open in the red also, with the Nasdaq hit particularly hard. This comes on the
In Cyprus, spending on food and non-alcoholic beverages is 14.1% of total expenditure –close to the EU average — and 9.2% of GDP. In 2021, European Union households spent over €1035 bln
The UK Government continues to support a Cyprus settlement based on the model of a bizonal, bicommunal federation despite Turkish Cypriots advocating a two-state solution, a Downing Street spokeswoman said. During a
Investors are expected to shrug off hawkish tones and rate rises from the Federal Reserve, such as Wednesday’s 25 basis points, with the CEO of a leading financial advisory and fintech saying
President Nicos Anastasiades announced Wednesday that Cyprus would donate €2.5 mln to the Hellenic Air Force as a gesture of solidarity after two Greek fighter pilots died when their Phantom jet crashed.
By Han Tan, Chief Market Analyst at Exinity Group Markets have been reluctant to make big moves in the lead up to this week’s keenly awaited central bank decisions. However, such price
By Craig Erlam We’re seeing plenty of caution in the markets this week which is perhaps not entirely surprising given what lies ahead. Earnings season isn’t going as well as hoped and
By Lukman Otunuga, Senior Research Analyst at FXTM The next few days promise to be wild and incredibly eventful for financial markets thanks to a string of central bank decisions, earnings from
The crypto market cap jumped by 35% in January and hit $1.08 trln this week, as the world’s largest and most expensive cryptocurrency, Bitcoin, began 2023 on a positive note, bringing some
By Edward Moya US stocks were selling off on Monday in what will be a massive week of corporate earnings, three major central bank rate decisions (FOMC, ECB and BoE), and an
