On Wednesday, the stock price of Chevron hit a new all-time-high level despite the ongoing market sell-off. The company had been benefiting from recent high oil prices.
On January 26, the US Federal Reserve Federal announced that it would finish monthly bond-buying taper in early March, it would soon be appropriate to raise the Federal Funds Rate and US economy is improving, but the pandemic is still having an impact.
At 19:00 GMT, the global financial markets reacted to the US Federal Reserve announcement, which impacted all assets. The US markets reacted to the news with an immediate sharp move up, as the value of the USD plummeted.
During early Wednesday's US trading, crude oil price indices reached new high levels, beating previous highs. In addition, Brent crude oil hit $90.00 per barrel, which is the highest level since October 2014.
At the start of Wednesday's US trading, US stock indices surged, as indices returned to trading near January 20 levels. Meanwhile, note high volatility incoming at 19:00 GMT, as the Federal Reserve is set to make a rate statement and publish monetary statement.
At 15:00 GMT on Wednesday, the Bank of Canada made a rate statement and policy announcement. The Canadian Dollar reacted to the event by plummeting. The USD/CAD reacted by immediately jumping 86 base points or 0.68%.
At the start of Wednesday's trading, the stock price for Microsoft jumped more than 6.00%, as the company published better than forecast earnings. The stock price returned to trade at January 20 levels.
On Tuesday, 3M announced that due to home improvement demand and personal safety products, the company had beat its last quarter profits.
This week, Toyota announced that the company expects to produce eleven million cars in 2022.
On Tuesday, Johnson & Johnson announced that the company expects a 46% covid vaccine sales increase in 2022.
This week, Berkshire Hathaway revealed that it's this year shareholder meeting could occur in-person for the first time in three years.
On Tuesday, General Electric announced that supply chain issues are bound to hit the company's quarterly revenues. The stock price of the company plummeted due to the news.
This week, Credit Suisse revealed that the Federal Reserve might start outright asset sales to reduce the central bank's balance sheet.
On January 24, the pair passed the 2021 April high level and hit the 79.50 mark. The recent surge occurred due to the announcement of the Russian Central Bank that it would stop Forex Purchases.
On Tuesday, Credit Suisse announced that it the company's problems had been increasing and are set to impact quarterly profits.
Data released this week revealed that US business activity had been declining in January due to the Omicron coronavirus wave.
During early European trading hours, Ethereum and Bitcoin resumed their decline. Late on Monday, the currencies had retraced back up to weekend levels.
During the first hour of Monday's US trading, US stock indices extended their decline, reaching levels not experiences since mid and early summer of 2022. The decline was attributed to fears of a recession that could be caused by a US Federal Reserve Rate hike.
Data published by Markit on Monday revealed that the economic recovery of the Euro Zone had slowed down in January.
By the start of Monday's US trading hours, major cryptocurrencies extended their decline, as ETH/USD almost touched $2,160.00 and BTC hit $33,000.00.
During Monday's European trading hours, the European stock markets tumbled, as more than 30 top volume tickers were observed to have lost more than 4.00% by 13:00 GMT.
On Sunday, Reuters revealed that Peltz's activist Tiran Partners had built up a stake in Unilever. The news caused a surge of the company's stock price.
On Monday, the crude oil price benchmarks rose, as tensions in Eastern Europe and failure to increase supply by OPEC.
During early Monday's trading hours the price for Bitcoin hovered near a six-month low level, as the price touched the $34,500.00 mark.