The euro rose on Monday as investors sold dollars on hopes that easing China’s lockdown measures could support global economic growth. The calmer atmosphere in the stock markets in early European trade also put additional pressure on the dollar, which fell sharply last week, but remains the currency of refuge …

The monthly survey conducted by Germany’s Ifo Institute showed on Monday that the Business Climate Index improved to 93 in May from 91.9 in April, surpassing the market expectation of 91.4. Additionally, the Current Assessment Index rose to 99.5 from 97.3 and the Expectations Index edged higher to 86.9 from …

US President Joe Biden said he was considering cutting tariffs on Chinese goods and called on the Organization of the Petroleum Exporting Countries (OPEC) to increase oil production as he faces a major inflation wave in the United States. Biden said on reducing tariffs on China that he is considering …

International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the tightening of financial conditions, the rise of the dollar and the slowdown in China’s economy are all factors affecting the global economy, but the IMF does not expect a global recession. “All of these factors make ratings downgrades …

German Economy Minister Robert Habeck said in a radio interview that the European Union has not yet agreed to the Russian oil embargo, adding that Germany would be willing to abandon Hungary’s participation to speed up the implementation of the proposed embargo. “If the commission chairperson says 26 countries will …

Oil prices rose in early trading on Monday as US fuel demand, tight supplies and a slight decline in the dollar supported the market as Shanghai prepared to reopen after a two-month shutdown, raising concerns about a sharp slowdown in growth. Brent crude futures rose 82 cents to $113.37 a …

The Japanese Nikkei index closed up by one percent on Monday, to return to the level of 27,000 points, tracking early gains in US stocks. The Nikkei rose to 27,047.47 points on the day shortly after the open, approaching its highest level in a month but then retreating, before rising …

Britain’s retail sales unexpectedly rose 1.4% m/m after falling 1.2% in March, and sales in the three months to April fell 0.3% after a 0.7% drop in March. Britain’s consumer confidence index fell to its lowest level since the survey began in 1974, as this data comes as inflation in …

The US dollar is headed for its worst week since early February against major currencies on Friday, losing some of the momentum it gained from a sudden 10 percent rise in its value. The dollar received a boost from investors’ appetite for it as a safe haven amid turmoil in …

European shares rose at the open on Friday, boosted by hopes of an economic recovery in China boosted by the central bank’s announcement of more stimulus, but the region’s stock index headed towards ending the week lower on recession fears. The mining and energy sectors led the gains and pushed …