The Swiss National Bank has hiked the CHF base interest rate from 0.50% up to 1.00%. The event has caused a decline of the Swiss Franc's value.
Binance has reported that in the aftermath of heavy withdrawals suffered on Tuesday, deposits had returned to the exchange.
The United States Federal Reserve has hiked its Federal Funds Rate by 0.50%. The market consensus forecast was a 0.50% hike, which has brought the rate from 4.00% up to 4.50%.
At 19:00 GMT, the US Federal Reserve is expected to hike the Federal Funds Rate. The market consensus is that the Fed is set to hike by 0.50%. Any deviation from the expectations is set to cause market volatility.
The United States Department of Energy has announced that US scientists have made a net energy gain for the first time in a fusion experiment.
The Chinese government has started a trade dispute in the World Trade Organization versus the US control of chip exports to China.
The owner of Twitter Elon Musk has stated that with Basic Blue subscription owners would see only half of ads. In addition, no add plans are set to be offered next year.
Automobilwoche has reported that the Czech carmaker Skoda, which is part of Volkswagen, might withdraw from the Chinese market.
Dukascopy expanded the list of CFDs by 28 of the most liquid Stock CFDs from Mexico, the Volatiltity Index (VOL.IDX/USD) and the South Africa Index (SOA.IDX/ZAR).
The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%. The markets reacted to the news with an immediate spike up, as US 500 index hit the 4,140.00 mark.
As South Korean shipyards have reached full capacity for the production of liquefied natural gas freight ships, Chinese shipyards have been receiving the left over orders. The Chinese companies have reported an increase of orders of up to 30%.
This week, the authorities of the Bahamas have arrested the CEO of FTX Sam Bankman Fried and intend to extradite the culprit to the US Department of Justice.
The US Treasury Secretary Janet Yellen has stated that inflation in the United States would decline by the end of 2023, unless an unexpected shock impacts the economy.
Microsoft would buy a 4% stake in the London Stock Exchange. The acquisition is part of the 10-year deal that is set to incorporate the exchange's data into the Microsoft cloud.
Toyota Motor Corporation is set to outline its next three year electric vehicle strategy. The new strategy is expected to reveal measures for catching up with BYD and Tesla.
The stock price of Microsoft surged at the start of the day's trading, despite a broad stock sell off taking place. The company's share price reacted to the US FTC banned the Microsoft's $69 billion acquisition of Activision Blizzard.
Reuters published information on Monday that Air India is closing in on a decision to order 500 jetliners from Boeing and Airbus for a total value that would reach into tens of billions of USD.
Recently released data has revealed that Japan's wholesale inflation had steadied near a year-on-year rate of 9.3%.
On Monday, the price for oil surged, as it was announced that it is unclear when would the US Keystone oil pipeline reopen.
On a month-on-month basis the United Kingdom gross domestic product has increased by 0.5%, instead of the market consensus forecast of 0.4%. The higher than forecast GDP revealed that the Bank of England has room for interest rate hikes. Due to that reason, the Pound surged against peer currencies. The GBP/USD surged nearly 40 base points or 0.31%.
The Chief Executive of Blackstone Stephen Schwarzman has stated that REIT investment redemptions have been driven by investors that were avoiding market volatility not dissatisfaction with the fund.
The Turkish maritime authorities have issued a statement that they would continue to block inappropriately insured oil tankers from passing through the Bosporus strait.
Weekly United States jobless claims have increased over the past week by 4,000 and have reached 230,000. Meanwhile, continuous jobless claims have risen by 62,000 and have hit a 10-month high at 1.671 million.
As Credit Suisse approaches the final stage of its $4.25 billion worth new stock sale, Reuters has reported that its sources expect the bank to succeed in raising the additional cash and financing a recovery of the bank.