Economic events

European markets slide as investors digest more interest rate hikes;  BOE decision to come

European markets slide as investors digest more interest rate hikes; BOE decision to come

Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …

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Yen Weakens After Bank of Japan Holds Rates;  Asian markets tumble amid hawkish Fed

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed

Oil prices climb after Fed rate hikes, demand fears persist Oil prices rose after the Fed’s third consecutive rate hike. Reuters also reported that Chinese refiners expect the country to release up to 15 million tonnes of petroleum product export quotas for the rest of the year, citing people with knowledge of the matter. Brent …

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Yen Weakens After Bank of Japan Holds Rates;  Asian markets tumble amid hawkish Fed

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed

Fed hike should keep Asian risk assets under pressure, says JPMorgan Asian risk assets, especially export-oriented companies, will remain under pressure in the near term after the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong U.S. dollar is likely to persist, but monetary …

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Should you buy a car in 2022?  Here's what consumers need to know to beat high vehicle prices

Should you buy a car in 2022? Here’s what consumers need to know to beat high vehicle prices

Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According to Kelley Blue Book, the average price …

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The upcoming Fed meeting will decide whether stocks can stabilize or fall back to bear market lows

The upcoming Fed meeting will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates another three-quarters of a point on Wednesday, but it’s what it signals about future rate hikes that will boost markets. The two-day central bank meeting on Tuesday and Wednesday comes in a week when investors will also be on high alert for more news on corporate …

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