US Retail Sales data for April has showed mixed results, as Core Retail Sales beat the forecast by 0.2% and Retail Sales came in 0.1% below expectations. The event created a muted market reaction.
During Tuesday's US trading hours, Walmart stock price declined more than 10.00% due to the company announcing worse than forecast quarterly results.
This week, Saudi Arabia announced that it would increase its oil production by more than 1 million barrels per day by the end of 2026.
In the first quarter of 2022, the economy of Israel declined by 1.6% on a year-on-year basis.
European Central Bank policymaker Fabio Panetta stated this week that at the end of 2023 the ECB might start the development of a digital Euro.
This week, Reuters reported that major investment firms had decreased their Chinese Yuan forecasts, as worse than expected Chinese economic data for April had been released.
During Monday's trading hours, a US stock decline was attributed to statistics from China, which revealed a decline in economic activity.
Minneapolis Federal Reserve President Neel Kashkari recently stated that the Fed would do what is needed to bring down inflation. However, the measures depend on the dissipation of supply chain issues.
Reuters has revealed that Tesla would pause its plans to enter the Indian markets due to a deadlock in tariff negotiations.
Policymaker of the European Central Bank Mario Centeno stated on Friday that the central bank would start hiking interest rates in July.
Bitcoin and other cryptocurrencies have experienced a record week of losses due to the collapse of stablecoins.
Despite a recovery experienced on Friday, major Wall Street indices ended the week with losses from 0.5% up to 2.70%.
Apple supplier Foxconn has announced that the company expects future challenges in China due to inflation and Covid lockdowns.
On Friday, Elon Musk revealed that the Twitter acquisition deal had been put on hold. At the start of the day's trading, the stock price plummeted by more than 10.00%, as it declined from 45.08 to 40.40.
The International Energy Administration stated this week that the world demand of oil is being met despite the loss of Russian oil supplies.
On Friday, Elon Musk revealed that the Twitter acquisition deal had been put on hold. The news caused a 20.00% drop of Twitter stock during the pre-market hours.
This week, the SoftBank Vision Fund posted a loss of $26 billion, which were attributed to the decline in tech stocks.
During Thursday's trading hours, the price for Bitcoin extended a sell off, as it wiped out all 2021 gains.
Data published on Thursday revealed that the UK economy was flat in February and actually decreased in size in March by 0.10%.
This week, US mortgage interest rates increased above the 5.50% level, which marked a 2.42% increase during the previous 12 months.
Panasonic announced this week that due to rising material and component costs the company expects its operating profit to remain flat.
On Wednesday, the ECB Policymaker Madis Muller stated that the European Central Bank could reveal its rate hike plan in June.
This week, Reuters published poll results, which revealed that surveyed economists expect the Japanese economy to have contracted in the first quarter of 2022.
During Thursday's trading hours, the prices for BTC and ETH continued to drop. BTC lost more than 10.00% and ETH declined by more than 16.00% during early European trading.