Euro reacts to ECB rate hike

Source: Dukascopy Bank SA
At 12:15 GMT, the European Central Bank did its first rate hike since April 2011 by hiking an unexpected 0.50% and published its Monetary Policy Statement. The central bank intends to combat rampant inflation despite worries that heavily in debt countries would struggle with servicing their sovereign bond debt.
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Thu, 21 Jul 2022 13:32:34 GMT

Alcoa Corporation stock jumps on earnings

The major aluminium corporation Alcoa released its earnings prior to the market opening on Thursday. It was revealed that the company's earnings per share were higher by 15.38% instead of the estimate. The stock started Thursday's trading with a spike up of 5.04%, which was entirely attributed to the earnings.

Thu, 21 Jul 2022 12:30:07 GMT

Czech Republic in talks to acquire F-35

This week, it was revealed that the Czech Republic was in talks with the US to acquire Lockheed Martin F-35 fighter jets.

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