Global News

The German index made a poor start to the week with two-month lows but then rebounded and is supported today, as market sentiment seems to be in a good place

The index is harmed by the Fed’s aggressive tightening path and recent underwhelming tech sector earnings, but rebounds today after hitting the lowest level since November 2020

The G7 countries pledged over the weekend to phase out Russian oil, while in speech earlier today, Mr Putin did not announce any major policy changes

The week of May 02-06 marked another busy period, as we had many firms reporting the financial results, including Airbnb, German automaker BMW, European planemaker Airbus, ride-hailing rivals Uber and Lyft and more

The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops

The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook

The central bank delivered its fourth interest rate increase in a row, in order to combat surging inflation and sees more hikes ahead

The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US

The US Federal Reserve hiked interest rates by 50 basis points as expected on Wednesday, which was the biggest increase since 2000 and the dot-com bubble

The Reserve Bank of Australia (RBA) increased interest rates by 25 basis points today, delivering the first hike since November 2010, in a backdrop of surging inflation

The week of April 25-29, is probably the busiest one of this earnings season, as we had a slew of high-profile companies reporting their results, including the rest of the FAANGs - Facebook (Meta), Apple, Amazon, Alphabet (Google)