ECB Likely to Exit Negative Rates
With inflation nearing the ECB's 2 percent target, the Governing Council has been building momentum to raise the deposit rate from its current level of -0.5 percent in July. Lagarde's comment suggests two 25-basis-point increases at the July and September…
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Forex News May 23, 2022
China China warns the US not to underestimate its resolve on Taiwan Beijing responds with a warning salvo directed at Biden This comes after Biden's remarks in Tokyo. "No one should underestimate the Chinese people's firm resolve, staunch will, and…
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Recession worsens, major outflows hit most asset classes.
According to Bank of America Corp.'s report using EPFR Global data, global equity funds had $5.2 billion in outflows in the week ending May 18, led by mutual fund redemptions, while US stock funds saw a minor $0.3 billion inflow.…
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Forex News May 21, 2022
Stocks US stocks recover but fall for the seventh week in a row. Markets: The S&P 500 fell for the seventh week in a row, the longest streak since 2001. The longest streaks ever were 8 weeks in 2001 and…
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Europe admits to wean itself off Russian energy, to burn more coal.
A document outlining the Commission’s aims for the REPowerEU plan was published on Wednesday, highlighting the importance of energy savings, the diversification of energy imports and speeding up what it called “Europe’s clean energy transition.” The European Commission has fleshed…
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