Tag: European Central Bank

5 Things to observe in markets
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Top 5 things to observe in markets following week

Traders must remain cautious about the top 5 things to observe in the markets following week. After the unexpected 50 basis points increase by European Central Bank, huge earnings miss from Snap, Twitter, and Seagate. This week Federal Reserve is also ready for another rate hike. All of the developments are out in Ukraine, and […]

Europe’s historic inflation
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Europe’s historic inflation

Meanwhile, inflation in the euro zone has hit records high, the spiralling price rise has hit Europeans hard. With growth in many countries still to touch pre-covert levels, the Central Bank European Central has now joined the US Federal Reserve and other major central banks in raising interest rates. The interest rates in the Eurozone […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

Fed Chair Powell Speaks Live Today
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Fed Chair Powell Speaks Live Today

The US Fed Chair Powell speaks live today pointing out that growth can be slower in dealing with soaring inflation. He also said at European Central Bank Forum on Central Banking 2022 in Sintra, Portugal that this world has been facing serious issues regarding the economy. Since the pandemic, the economy has been driven by […]

European Central Bank Governor pointed out more rate hikes
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European Central Bank Governor pointed out more rate hikes

Interest Rates may continue the upward trend even after July and September rate hikes. Governor Christine Lagarde said after the European Central Bank’s decision on interest rate hikes for July and September, a slow but measured path of further interest rate hikes will be suitable. She also said incoming data will decide interest rate decisions, […]