Market Update

The Central Bank of Russia announced on Friday that it raised its policy rate by 100 basis points to 9.5% from 8.5%. This decision came in line with the market expectation. “Key rate decisions will be made taking into account actual and expected inflation movements relative to the target and economic developments over the forecast horizon as well …

The dollar rose to an eight-day high on Friday after US inflation rose to a 40-year high and statements from a Federal Reserve official launched a wave of bets on a major hike in US interest rates. At the same time, the euro, which rose last week, is heading for …

Oil prices fell on Friday as rising inflation in the United States stoked fears of a major interest rate hike as investors awaited the outcome of nuclear talks between the United States and Iran that could increase the global supply of crude. Brent crude futures were down 58 cents, or …

European shares fell on Friday, heading for a sell-off in global markets, after strong US inflation data fueled bets for a bigger US interest rate hike, although comments hinting at monetary easing from the European Central Bank head limited losses. The pan-European Stoxx 600 index fell 0.5 percent after data …

Official figures revealed on Friday that Britain’s economy grew 7.5% in 2021, recovering from its historic 9.4% decline in 2020 when coronavirus restrictions curbed economic activity. On a quarterly basis, UK gross domestic product is estimated to have risen by 1% in the final three months of the year, and …

Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …

Raising the European Central Bank’s main interest rate now would not bring down record-high Eurozone inflation and only hurt the economy, ECB President Christine Lagarde said in an interview published on Friday.Key quotesRaising rates would not solve any of current problems.Highly unlikely that oil price will continue climbing at 2020-2022 …

US President Joe Biden confirmed the recent notice from the US Statement Department to all citizens to leave Ukraine right now during an interview with NBC News.The US State Depart cited “increased threats of Russian military action” as the key risk to put Ukraine on the “Level 4: Do Not …

The Reserve Bank of Australia’s Phillip Lowe has said that it is ”plausible we could raise rates later this year depending on economy.” He added that he hasn’t said rates won’t go up. AUD could get a lift on such rhetoric, but there hasn’t been any knee-jerk reaction thus far.  “We have …

PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …