On Wednesday, the Vice President of the European Central Bank Luis de Guindos stated that inflation would take a longer time to decrease to 2.00% than previously forecast.
This week, Olaf Scholz was elected as the Chancellor of Germany. The new Chancellor marks the end of the 16-year rule of Angela Merkel.
On Wednesday, the price for Apple stock hit a new all-time-high at $174.40. Since October 4, the stock price has gained almost 26.00% or $36.00. The most recent surge of the stock was caused by the news of Apple signing a $275 billion deal with the Chinese government.
This week, the UK Justice Secretary Dominic Raab revealed that the United Kingdom would not need additional coronavirus restrictions during the Christmas holiday period.
Reuters revealed on Tuesday that EU antitrust institutions would look into Microsoft and Nuance Communications $16 billion transcription technology deal.
This week, Intel revealed plans to take the company's self-driving car division Mobileye public with a valuation of more than $50 billion.
On Tuesday, the Chief Executive Officer of Wells Fargo Charlie Scharf stated that the Fed should move faster on addressing inflation.
This week, Reuters published a report, which revealed that the new coronavirus variant could decrease oil demand in Asia.
This week, US oil company executives were meeting at a conference in Houston. Main topic of the conference was the long term growing demand for oil.
Starting from October 20 up to December 3, the stock price of Alibaba declined 40.21%. On Monday, the stock recovered by 10.40% compared to the December 3 closing level. Prior to the Tuesday's US opening, pre-market price feeds indicated a 4.92% jump at the market open.
On Monday, the US Securities and Exchange Commission requested documentation from the Lucid Group about the company's blank-check deal. The stock price of the company plummeted during Monday's trading.
On Tuesday, the Germany 40 stock index recovered by more than 2.00%. By the middle of the day's European trading hours, the index had recovered more than 4.50% from the November 30 low level near 15,000.00.
Reuters revealed on Monday that Volkswagen had settled a power struggle and Herbert Diess would remain as Chief Executive Officer of the company.
On Monday, European Union regulators announced that they would pause the investigation of the Nvidia and ARM deal. The reveal of the freezing of the issue caused a stock price drop.
On December 7, the Reserve Bank of Australia published an official monetary policy statement. The announcement caused a recovery of the Australian Dollar's value. By 08:00 GMT, the AUD/USD rate had already recovered 39 base points or 0.55%.
During Monday's trading hours, the price for natural gas declined more than 10.00%, as the commodity reached July levels.
As a tech stock sell off took place during Monday's US trading hours, the stock price for Nvidia declined additional 8.12% or $24.88. The share price extended the 5.78% Friday's decline.
HIS Markit Flash Composite Purchasing Managers Index results have revealed that Eurozone business growth is expected to accelerate. Survey results in November increased to 55.4 points, compared to 54.2 in October.
During Monday's trading hours, the price for natural gas declined more than 9.00%, as the commodity reached July levels.
Data published on Friday revealed that Eurozone retail sales grew in October by 1.4% on an annual basis due to non-food purchases.
On Friday, the President of the European Central Bank Christine Lagarde stated to Reuters that in December the ECB would only set short term policy.
Google announced on Friday that the company would delay its employee mandatory return to the office beyond January 10.
At the start of Friday's US trading hours, the stock price of Alibaba extended its decline, as the stock price started the day by plummeting nearly 6.00%. The share price of the company reached a low level not seen since April 2017.
On Thursday, the German government implemented coronavirus restrictions on the unvaccinated, as the new Omicron variant spreads.