Businesses in Cyprus say they are being pushed to the brink as rising interest rates are adding to their other problems of increased costs of raw materials. Cypriot banks’ practice of keeping
By Craig Erlam It’s been another lively start to the week following a busy weekend in which Swiss authorities had been working tirelessly to complete the sale of Credit Suisse and avoid
As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest
By Craig Erlam It’s been another wild session in financial markets and the ECB had the unenviable task on Thursday of making a decision on interest rates amid all of the uncertainty
By Han Tan, Chief Market Analyst at Exinity Group A week is indeed a long time in financial markets, and the calculus for central bank rate hikes has been dramatically altered by
By Craig Erlam It was another remarkable day in financial markets and it, unfortunately, doesn’t feel like the worst is behind us. Fear has once again gripped the markets, concerned about a
By Edward Moya US stocks came under pressure on Thursday after another round of economic data suggest central bank tightening by both the Fed and ECB might have to be more aggressive. The bond
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
By Edward Moya US stocks have been struggling for direction all week after a mixed bag of earnings was accompanied with economic data that supports the idea that the economy is weakening.
By Lukman Otunuga, Senior Research Analyst at FXTM European markets edged cautiously higher on Tuesday as investors digested upbeat corporate earnings and news that Rishi Sunak replaced Liz Truss as U.K. prime
