Reuters revealed this week that large banks expect a decline in profits due to a decline of mergers and acquisitions and equity and debt issuance.
With the end of the first quarter of the year, precious metals booked record gains. Gold booked best quarter since September 2020, silver saw best gains since June 2021 and platinum experienced best quarter since March 2021.
On Thursday, European Union legislators backed the creation of new safeguards for bitcoin transfers.
The Vice President of the European Central Bank Luis de Guindos stated this week that the growth of the Euro Zone in first half of 2022 would barely show positive growth.
Reuters revealed on Wednesday that the European Central Bank had told banks to stop lending to indebted borrowers, which could go bankrupt due to rate hikes.
As March and the quarter ended, European stock indices booked biggest quarterly declines since the coronavirus drop in 2020.
On Thursday, crude oil prices declined by 7.07%, as the US President Joe Biden announced that the US Government would release the country's strategic oil reserves.
Data published this week revealed that German annual inflation had reached 7.6%, which is the highest reading since the 1970's.
The Bank of Japan revealed on Wednesday that it is increasing its efforts to keep government bond yields down by buying additional government debt.
It was revealed this week that year-on-year inflation in Spain had reached 9.8%, which is the fastest increase since 1985.
The ECB Policymaker Robert Holzmann recently revealed in an interview that the central bank has to return to zero interest rates or risk higher interest rate hikes.
On Wednesday, the President of the European Central Bank Lagarde stated that the Euro Zone would face slower growth and higher inflation.
Johnson & Johnson stated on Tuesday that the company would suspend the supplies of personal care products to Russia.
This week, the government of Japan announced that it is banning all shipments of previous metals to Russia.
Survey results published on Tuesday revealed that French and German consumer confidence last month had declined more than previously forecast, as hopes of a recovery appear to have vanished.
This week, Reuters published poll results, which revealed that the markets expect a 50 base point hike on March 31 by the Czech National Bank.
This week, Bank of England Governor Andrew Bailey stated that issues with commodity market liquidity have created higher volatility and subsequent risks to the sector.
On Tuesday, the US Dollar index plummeted from high levels near 99.20 at 09:00 GMT down to the 98.10 mark by 14:00 GMT. The move was attributed to talks between Russia and Ukraine, which caused a risk on sentiment in global markets.
Tesla revealed on Monday that due to the coronavirus the company would stop production in its Shanghai factory.
This week, Hyundai Heavy Industries announced that it had appealed the European Commission's decision to block its takeover of Daewoo Shipbuilding & Marine Engineering.
On Monday, the Prime Minister of Japan Fumio Kishida ordered the government to compile emergency measures that would battle inflation.
At the start of Tuesday's UK trading hours, the stock price for Barclays plummeted almost 5.69% or 9.14 GBP. The move was caused by an anonymous investor dumping a total of 3.00% of the company's whole stock.
This week, Huawei Technologies announced that the company's profit had increased by 76% in 2021. However, the profit occurred due to the sales of assets.
The President of the New York Federal Reserve John Williams revealed last week that the US Federal Reserve could increase interest rates higher than expected in an effort to stop inflation.