On Friday, the United States and the European Union concluded a Liquefied Natural Gas purchase deal. Namely, the EU would purchase US gas instead of supplies from Russia. The news caused a surge of the stock prices of US gas extraction companies.
Reuters revealed this week that OPEC officials had contacted the EU to express that the ban of Russian oil exports would hurt the consumers.
This week, the European Central Bank revealed that it would decrease banking sector's access to loans by removing some collateral rules.
On Thursday, JD Logistics announced that the company seeks to raise $1.1 billion by issuing new shares.
Markit European Purchasing Managers Indices that were published this week have revealed that Euro Zone countries evaluate the business environment higher than previously expected.
This week, Airbus announced that the company expects India to order new 2,210 airplanes over the span of the next 20 years.
Amazon revealed this week that the company would invest in a new logistics base in Turkey via an investment of more than $100 million.
On Wednesday, the European Commission revealed that it would ease rules and allow compensations of up to 400,000 EUR to EU companies hurt by sanctions on Russia.
On March 24, the Swiss National Bank issued its Monetary Policy Assessment. Monetary easing is set to continue, as the bank's rate remains at -0.75%. Moreover, the bank has clearly stated that it is going to get involved in the Forex markets and will push the Swiss Franc down.
On Thursday, the Canadian government revealed a new plan to increase oil exports in a way that would not hurt the climate.
As the supply of fertilizers from Russia and Belarus was sanctioned, during this week other fertilizer company stocks surged in value.
This week, Tencent posted its slowest sales growth since 2004, as revenues increased by only 8.00%.
Tesla revealed this week that the company had produced its first vehicles in the German gigafactory.
This week, Alibaba announced that the company would increase its share buybacks to a record $25 billion.
On Tuesday, the Canadian Pacific railway company announced a restart of operations, as an agreement has been reached between the firm and worker's union.
This week, the Bank Sentral Pilipinas revealed that the central bank would start monetary tightening in the fourth quarter of 2022.
On Tuesday, Skoda announced that due to the war in Ukraine the company expects more supply issues throughout 2022.
During the early hours of Tuesday's US trading hours, US stock indices reached mid-February high levels. US indices have recovered around 10.00% from the early March low levels.
Reuters reported this week that due to the ongoing war and subsequent closure of ports Ukraine would not be able to export its grain, as 98% of exports are done via ports.
The President of the Bundesbank stated this week that the European Central Bank should raise interest rates, if inflation continues to increase.
On Monday, Bank of America commented that the decline in the ten and two year US Treasuries yield gap is signalling the possibility of an upcoming recession.
This week, the head of the US Federal Reserve Jerome Powell stated that the US Federal Reserve needs to use restrictive measures to restore price stability.
On Monday, a member of the board of the Czech National Bank stated that the bank would rather hike interest rates than increase foreign currency sales.
Reuters has reported that compliance with OPEC+ production cuts in February has increased to 136%, compared to 129% in January.