The Bank of England is almost certain to increase borrowing costs on Thursday, marking the third consecutive meeting where it has hiked rate as it continues its exit from pandemic-related stimulus. One problem is that BoE hike expectations are not happening in a vacuum or in isolation. Other Developed Market …

Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …

The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag via high commodity prices, European Central Bank President Christine Lagarde said on Tuesday.“If the baseline scenario of the staff projections materializes, the economy should still grow robustly …

The gold price is down 1.5% after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on the daily chart with the downside now fully exposed. The price of oil has been falling and markets are volatile ahead of tomorrow’s US Federal Reserve …

The US dollar pulls back to 1.2780 from 1.2870 highs. The Canadian dollar appreciated favored by a brighter market mood. USD/CAD is now testing trendline support at 1.2780.The US dollar’s recovery from last Friday’s lows sub-1.2700 has found resistance at 1.2870 highs earlier Tuesday. The pair has dropped about 0.7% …

Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …

Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in China weighed on commodity stocks.The Toronto Stock Exchange’s S&P/TSX composite index was down 161.23 points, or 0.76%, at 21,019.55. The energy and materials sectors fell …

WTI futures pick up to $98.00 from three-week lows at $93.40. Oil prices plunge on easing supply concerns and COVID-19 cases in China. From a wider perspective, US oil futures remain biased lower.The US benchmark crude oil futures are attempting a mild correction on Tuesday’s US trading session. Front-month West …

Beijing scrambles to contain the worst outbreak China has seen since Wuhan in early 2020, as daily infections surpass 5,000. Lockdowns in coastal cities, including the first imposed on Shenzhen, prompt warning that situation has ‘deteriorated at an alarming pace’, with big economic hit ahead. China faces biggest Covid-19 crisis …

Russia’s President Vladimir V. Putin has said that Kyiv is not serious about finding a mutually acceptable solution.Markets have reacted negatively to the news, with stocks retreating from the highs and the safe-haven dollar and gold rising. Investors have been pinning their hopes on negotiations between Russia and Ukraine, which …