Too rapid wage growth in the euro area is a risk that could contribute to inflation remaining at record levels for longer in euro-denominated countries.

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...
The Nasdaq technology index added over 2.5 percent during Thursday's trading. The main index of the New York Stock Exchange, the S&P 500, gained 1.75 percent and the Dow Jones Industrial Average gained 1.05 percent.

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 export embargo by Russia will be in place for five months so far. The Kremlin's retaliatory measure comes after countries in the European Union and the Group of Seven of the world's economically strongest nations (G7) agreed to impose a price cap on Russian oil.

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's Black Sea gas field has grown to a total of 710 billion cubic metres

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,...
Wall Street's main S&P 500 index has written down around six percent so far in December. 

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...
Sweden's economic output will fall by 0.7 percent in 2023. Back in November, the Swedish Ministry of Finance estimated that the country's gross domestic product would fall by only 0.4 percent.

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...
Shares of US carmaker Tesla are currently trading around the $138 level. That's 13.5 percent less than a week ago.

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...
Japan

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, chinese flag, Chinese import of goods

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...

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