By Jeffrey Halley The post-FOMC rally ran equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as
By Jeffrey Halley Things didn’t improve from overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts Tuesday. Among the biggest casualties
By Jeffrey Halley It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday
By Craig Erlam Stock markets endured another negative day on Wednesday in Europe as investors await Thursday’s hotly-anticipated ECB meeting. Much like the other two days this week, it’s hard to read
By Edward Moya US stocks rallied Monday as improvement with China’s COVID situation, optimism that a strong labour market will help the US consumer handle the latest wave of inflation, and after
By Craig Erlam European stock markets are a little lower on Tuesday, handing back Monday’s gains to trade relatively flat on the week. It’s not surprising that we’ve seen a reversal of
Volatile, high-risk cryptocurrencies can cause harm to the European economy, argues a senior official at the Cyprus Central Bank. Christos Phanopoulos, Senior Director of the banking operations at the Central Bank, told
By Craig Erlam Equity markets were back in positive territory on Friday, but I’m struggling to get too excited by the moves we see going into the weekend. The rebound may partly
By Craig Erlam Thursday was another turbulent session after stock markets turned sharply lower on Wednesday with investors fretting over the economic outlook for this year. Results from Walmart and Target this
By Jeffrey Halley A massive risk aversion wave swept markets overnight, with the Bank of England raising rates by 0.25% to 1.0% in a split decision (three members wanted 0.50%), in line
