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Goldman Sachs has revealed that by the end of 2023 annual inflation in Turkey would reach up to 80%, prior to descending to 60%.
In May, the Canadian home price index had slowed down its growth, as on an annual basis prices were up by 18.3%, compared to 18.8% in April.
ThyssenKrupp has revealed that the company would not IPO its hydrogen division due to the current market environment.
The company has announced that it would launch a share buyback program, which would buy up to 2.5 million shares.
Sony and Honda have announced that the two companies have created a joint venture for the sale of electric cars.
Reuters has revealed that Chinese firms have started talks with Qatar about acquiring a stake in the country's gas fields.
The Bank of Japan has announced that it would monitor the impact of the Yen's decline on the Japanese Economy.
Reuters has reported that companies that previously paused their operations in Russia had decided to start selling their businesses in the country.
Annual core inflation in Japan in May has reached 2.10%, which is above the central bank's 2.00% target.
In May, United States homebuilding reached a 13-month-low level, as housing starts dropped by 14.4%, which is the lowers level since April of 2021.
In its monthly bulletin, the Reserve Bank of India revealed that the economy of India had been improving, despite global risks.
The Head Executive of Commercial Airplanes unit of Boeing has stated that the demand for wide body jets and freighters has been observed to be recovering.
As the company goes electric, Ferrari has revealed that the company would launch new 15 car models during the period of 2023-2026.
Walmart has announced that the company would increase the wages of its pharmacy workers above the $20.00 mark per hour.
A regulator meeting in Luxembourg has resulted in Euro Zone Finance Ministers urging governments to stick to fiscal discipline, which would help the European Central Bank fight a new debt crisis.
US cosmetics firm Revlon has revealed that it has filed for bankruptcy, as it has failed to compete with online competition.
For the first time in two years, the US Philadelphia Federal Reserve Manufacturing Index has gone negative, as it has shown a reading of -3.3.
The World Trade Organization has agreed upon a new trade deal, which would boost the supply of Covid-19 vaccines.
The price for gold managed to surge during the mid-day hours of Thursday. The surge of the metal occurred due to the decline of the US Dollar, which was created by the strengthening of various European currencies, as their respective central banks hiked interest rates. The surge eventually settled in the 1,840.00/1,860.00 zone. Economic Calendar Analysis During the week, it is highly
A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates. The surge resulted in the rate reaching the 135.00 mark during the first half of
The surge of the GBP/USD eventually found resistance in the 1.2400 mark and the weekly simple pivot point. The resistance was strong enough to cause a decline to the 1.2250 level, which acted as support during the early hours of Friday's trading. The high volatility ended on Thursday, as the GBP/USD pair fluctuated around the 1.2250 mark. Economic Calendar Note the UK
The EUR/USD managed to surge through the resistance of the 1.0500 mark and eventually reached the combined resistance of the 1.0600 mark and the weekly simple pivot point at 1.0598. The resistance held and by the middle of Friday's trading, the rate had retraced down and found support in the 1.0500 mark. Economic Calendar Analysis During the week, the rate might react
The price for gold managed to surge during the mid-day hours of Thursday. The surge of the metal occurred due to the decline of the US Dollar, which was created by the strengthening of various European currencies, as their respective central banks hiked interest rates. The surge eventually settled in the 1,840.00/1,860.00 zone. In regards to the future, if the metal
A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates. The surge resulted in the rate reaching the 135.00 mark during the first