European Central Bank must push for lower wage growth, Lagarde urges
Too rapid wage growth in the euro area is a risk that could contribute to inflation remaining at record levels for longer...
European and US stocks gained massively. US labour market data helped
Wall Street and Europe headed higher just two days before the end of this year. The Nasdaq technology index posted the biggest gain. Of...
Inflation, recession and corporate financial outcomes. Major Factors That Will Affect Stock Markets in 2023
Stock markets not only in the United States have had their worst year since the 2008 financial crisis erupted. Indeed, having written off...
The Kremlin has put a “ban” on Russian oil exports to the EU and...
From February next year, Russia will stop exporting oil to European Union and G7 countries. Russian President Vladimir Putin issued a decree on...
Turkey reports discovery of another natural gas field in the Black Sea
Turkey's Black Sea gas field has grown to a total of 710 billion cubic metres. Referring to new analyses of the explored deposit,...
Constellation in stock markets suggests Santa Claus rally will come
Wall Street's main S&P 500 index has written down around six percent so far in December. But the average share gain for December...
Swedish economy to face deeper and longer recession than previously expected
Sweden's gross domestic product will contract slightly more than expected next year. Both households and firms will be affected by the poor economic...
Tesla shares have plunged by two-thirds since the start of the year. Worst result since...
The market value of US carmaker Tesla is already lower than that of mining company Exxon Mobil. Tesla shares have lost over ten...
The Japanese yen firmed sharply. Bank of Japan shocks markets with surprise decision
The yen climbed to its strongest level against the dollar since mid-August this year. This is due to the surprising intervention of the...
China faces biggest drop in business confidence in a decade
In particular, Covid-19 and the fight against it are the main reasons why business confidence in China has fallen to its lowest...
