Data released this week revealed that UK annual inflation in April had reached 9.00%, which is a 40-year-high level.
This week, the state of New York sued Amazon over alleged discrimination of disabled and pregnant employees.
Tencent has published its quarterly results, which revealed that profits had decreased by a half on a year-on-year basis. In addition, no revenue growth had been recorded.
During Wednesday's trading, the US Dollar index ended its two day decline, as risk-off sentiment returned to the financial markets.
During the pre-market hours the stock price of Target plummeted by nearly 25.00%. The drop was caused by the company reporting that its quarterly profits had decreased by half, compared the previous quarter.
Reuters revealed this week that the G7 countries are set to discuss the legislation of crypto assets, as recent crashes had urged for regulation.
This week, it was revealed that in the first quarter of 2022 the quarterly UK unemployment rate had reached a 48-year low level.
US Retail Sales data for April has showed mixed results, as Core Retail Sales beat the forecast by 0.2% and Retail Sales came in 0.1% below expectations. The event created a muted market reaction.
During Tuesday's US trading hours, Walmart stock price declined more than 10.00% due to the company announcing worse than forecast quarterly results.
This week, Saudi Arabia announced that it would increase its oil production by more than 1 million barrels per day by the end of 2026.
In the first quarter of 2022, the economy of Israel declined by 1.6% on a year-on-year basis.
European Central Bank policymaker Fabio Panetta stated this week that at the end of 2023 the ECB might start the development of a digital Euro.
This week, Reuters reported that major investment firms had decreased their Chinese Yuan forecasts, as worse than expected Chinese economic data for April had been released.
During Monday's trading hours, a US stock decline was attributed to statistics from China, which revealed a decline in economic activity.
Minneapolis Federal Reserve President Neel Kashkari recently stated that the Fed would do what is needed to bring down inflation. However, the measures depend on the dissipation of supply chain issues.
Reuters has revealed that Tesla would pause its plans to enter the Indian markets due to a deadlock in tariff negotiations.
Policymaker of the European Central Bank Mario Centeno stated on Friday that the central bank would start hiking interest rates in July.
Bitcoin and other cryptocurrencies have experienced a record week of losses due to the collapse of stablecoins.
Despite a recovery experienced on Friday, major Wall Street indices ended the week with losses from 0.5% up to 2.70%.
Apple supplier Foxconn has announced that the company expects future challenges in China due to inflation and Covid lockdowns.
On Friday, Elon Musk revealed that the Twitter acquisition deal had been put on hold. At the start of the day's trading, the stock price plummeted by more than 10.00%, as it declined from 45.08 to 40.40.
The International Energy Administration stated this week that the world demand of oil is being met despite the loss of Russian oil supplies.
On Friday, Elon Musk revealed that the Twitter acquisition deal had been put on hold. The news caused a 20.00% drop of Twitter stock during the pre-market hours.
This week, the SoftBank Vision Fund posted a loss of $26 billion, which were attributed to the decline in tech stocks.