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Yearly Archives: 2022
Apple stocks fall after the firm warns of an $8 billion damage from supply limitations.
Written on May 13, 2022 at 2:18 am, by jamie
Mac’s revenue increased by about 9% year on year in the March quarter, the corporation reported on Thursday. This demonstrated a steady growth and alleviated financial backer concerns about a deteriorating macroeconomic environment impacting enthusiasm for top-of-the-line cell phones and PCs. However, Apple shares plummeted over 4% in extended trading as Apple CFO Luca Maestri […]
Bank of England increases UK interest rates and warns of 10% inflation
Written on May 13, 2022 at 2:17 am, by jamie
The Bank of England (BoE) has boosted UK interest rates to 1%, the highest level in 13 years, as it fights to keep inflation under control. Despite troubling indicators that the British economy is faltering, the Monetary Policy Committee (MPC) voted 6-3 to raise the baseline borrowing cost for the fourth time in a row. […]
Stocks fall as the dollar holds its strength
Written on May 12, 2022 at 7:49 am, by jamie
Overnight Headlines *Dollar hovering near 20-year highs, looking to break out after hot inflation *BoJ official rules out policy tweak to counter weak yen *ECB members increasingly see rate exceeding zero this year *Equities drop as stubborn inflation stokes worries on rates, economy USD was mixed but remains above 104 on the DXY. The greenback […]
Markets steady as focus turns to possible peak US CPI
Written on May 11, 2022 at 8:45 am, by jamie
Overnight Headlines *Dollar down but near two-decade highs ahead of US inflation data *Asian shares inch up from near two-year lows, Wall Street recovers *WTI crude bounces back from below $100 on economic worries, strong dollar *China inflation exceeds forecasts as lockdowns roil supplies USD extended its bullish run and closed higher against most of […]
Markets steady as focus turns to possible peak US CPI
Written on May 11, 2022 at 8:40 am, by jamie
Overnight Headlines *Dollar down but near two-decade highs ahead of US inflation data *Asian shares inch up from near two-year lows, Wall Street recovers *WTI crude bounces back from below $100 on economic worries, strong dollar *China inflation exceeds forecasts as lockdowns roil supplies USD extended its bullish run and closed higher against most of […]
Selling continues in equities, dollar hits new highs
Written on May 10, 2022 at 8:39 am, by jamie
Overnight Headlines *US Dollar hits 20-year high as risk aversion dominates markets *Global stocks suffer their worst one-day decline since June 2020 *Commodity currencies hit by tumbling oil prices, Bitcoin near 10-month low *UK set to ditch Northern Ireland protocol after giving up on EU talks USD traded to a new 20-year high as concerns […]