US, EU strike LNG deal as Europe seeks to cut Russian gas
BRUSSELS (Reuters) -The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off
Tokyo Inflation Hits Fastest Clip in Two Years on Energy
The cost of living in Tokyo increased by the biggest margin in more than two years this month as the impact of surging oil prices prompted another acceleration of inflation.
German Ifo tanks in March
Germany’s most prominent leading indicator, the Ifo index, just tanked to the lowest level since January 2021. While the Purchasing Manager Index yesterday still presented a rather optimistic picture, the
Retail sales, Great Britain: February 2022
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% (unrevised) in January 2022; sales volumes were 3.7% above their pre-coronavirus (COVID-19) February 2020 levels. Non-store
Fed Lifts Rates for First Time in Three Years as Fight Against Inflation Begins
The Federal Reserve raised interest rates on Wednesday for the first time in more than three years and signaled seven rate hikes for this year to bring inflation under control.
Foreign Currency Exchange Forecasts Next 6-12 Months: Westpac FX Update
Westpac notes that there is a high degree of uncertainty over the global outlook and there is the possibility of further short-term net dollar gains on defensive demand. Overall, however,
Fed’s Hiking Cycle Set To Begin
The are several high-frequency data points that often provide trading fodder for short-term participants, including US PPI, retail sales, industrial output, and housing starts. The eurozone sees January industrial production and trade figures. Japan is good for February trade and CPI. China
Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000
Despite its rollercoaster ride in the market, there are always people who remain steadfast in their belief in Bitcoin. One of them is a pillar of tech behemoth, Apple Inc.
ECB’s Villeroy Says Caution Needed on Monetary, Budget Policy
European Central Bank Governing Council member Francois Villeroy de Galhau said uncertainty about the length of the current oil shock and the economic impact of Russia’s invasion of Ukraine mandate