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.
Netflix stocks plummeted almost 20% after reporting lower than projected subscriber additions for the final quarter of 2021. Investors have been concerned that Netflix isn't acquiring new members quickly enough.
Germany's new government intends to bring in 400'000 skilled foreign workers per year to address a demographic imbalance as well as labor shortages in key industries that might jeopardize the country's recovery from the coronavirus outbreak.
Core consumer prices in Japan climbed 0.5 percent in December, the highest pace in nearly two years, indicating broader inflationary pressure from rising gasoline and raw material costs.
On Wednesday, gold jumped more than 1% and palladium rose 7% as the dollar fell and geopolitical tensions in Ukraine made investors turn to safe-haven assets.
On Wednesday, gold jumped more than 1% and palladium rose 7% as the dollar fell and geopolitical tensions in Ukraine made investors turn to safe-haven assets.
Oil prices jump due to fears over tight supply fueled by a blast on a pipeline between Iraq and Turkey and geopolitical tensions in Russia and the United Arab Emirates. Brent oil futures were up 39 cents, or 0.5 percent, to $87.90 a barrel. Earlier in the day, the benchmark contract rose to $89.05, its highest level since Oct. 13, 2014.
Inflation in the UK rose to 5.4%, the highest rate since March 1992, increasing the pressure on the Bank of England to hike interest rates once more
On Tuesday, futures for the tech-heavy Nasdaq 100 index (.NDX) slumped 1.7%, S&P fell 1.07% and Dow Jones is down 0.8% as two-year Treasury yields crossed 1% for the first time since February 2020.
China's economy grew 8.1% in 2021 as industrial production rose steadily through the end of the year. However, the real estate crisis, COVID-19 outbreaks and Beijing's stringent zero-tolerance policy to virus control all contributed to weakening growth in 2021's last months.
Recent US Consumer Price Index data revealed that consumer prices had experienced a 7.00% surge on a year-on-year basis. This was the largest increase since June of 1982.
A survey done by Visa has revealed that nearly 25.00% of small businesses in nine countries were preparing to offer crypto payments.
During the week, crude oil prices surged to two month high levels. The price surge was attributed to the markets shrugging off the Covid-19 Omicron variant.
BMW announced on Wednesday that the company had delivered a record of 2.21 million automobiles in 2021. The company increased deliveries by 9.10%, compared to 2020.
The Chinese government revealed this week that annual auto sales in China had increased for the first time since 2017.