Inflation in Cyprus has broken every record in the book, as it increased by 10.9% year on year in July, driven by hikes in electricity and fuel, said the Statistical Services. The
By Jeffrey Halley Markets were quiet overnight ahead of a deluge of tier-1 earnings, data, and the US FOMC policy decision over the rest of the week. Equities, currencies, oil and precious
By Jeffrey Halley This month has dragged on and seems to be lasting forever, with the US FOMC policy meeting falling at the end of the month, instead of its usual mid-month
By Jeffrey Halley The bear market rally looks well and truly back on track, thanks to one of the stranger things I have seen in 2022; Netflix losing only 1 million subscribers
The cost of consumer goods and services in Cyprus continued to climb in June, on an upward spiral for the past 18 months, rising to 111.34 points or 9% on an annual
By Jeffrey Halley Wall Street did another U-turn overnight, finishing lower as the dearth of tier-1 data and the pre-FOMC media blackout left the FOMO gnomes chasing their tails once again. Wall
By Jeffrey Halley Last Friday’s Wall Street price action was enough to spark risk sentiment rallies on forex markets, led by the usual suspects, the Euro and the Australian Dollar, although not
Inflation is running higher for longer, and we must realise it affects various groups of people differently. Inflation is calculated as the rate of increase of an index comprised of several hundred
By Moody’s Analytics The June U.S. consumer price index has financial markets increasing their bets on a 100-basis point rate hike at the upcoming meeting of the Federal Open Market Committee. The
The European Commission has praised the Cypriot economy for exceeding expectations during the year’s first quarter while also delivering bad news regarding high inflation. “The Cypriot economy surprised on the upside in
