The US Treasury Secretary Janet Yellen revealed on Monday that the US economy is not overheating and inflation can be attributed to the coronavirus pandemic.
On Monday, Skoda revealed that due to chip shortage the company would make a quarter of a million less cars in 2021.
Last week, Facebook announced that it would now be called Meta, as the company rebranded to focus on the creation of a metaverse.
At the start of Monday's US trading, US stock indices booked new all-time-high levels. Prior to the start of trading, the US Treasury Secretary Janet Yellen stated that the US economy is not overheated.
On Monday, the stock price of Tesla continued to book new all-time-high levels, as the stock started the day's trading close to the 1,150.00 mark.
On October 29, the Prime Minister of Japan Fumio Kishida stated that he would like to decrease requirements for company quarterly reports. However, implementation of easing could take years.
Recently published data revealed that US consumer spending had increased in September by 0.6%
On Monday, Ryanair posted quarterly profit, which had not occurred since 2019. The news caused a surge of the company's stock price.
During Monday's Asian trading hours, the US Dollar traded flat, as the markets awaited this week's Federal Reserve announcements.
On Thursday, the Chinese government issued a warning to online brokers not licensed in China that they were operating illegally.
Exxon Mobil published on Friday the company's best quarterly results since 2017. The announcement caused a surge of the stock on US open.
On Friday, at 12:30 GMT, the Canadian GDP data was published. Due to being lower than forecast, the GDP data caused a Canadian Dollar drop.
On Friday, Daimler published the company's quarterly earnings. The event caused a stock price surge, which propelled the stock price to its 2015 high level.
This week, the World Trade Organization stated that the recent recovery from the coronavirus has caused a spike in demand, which is causing global goods shortages.
The Wall Street Journal revealed this week that for breaking the recently proposed trading activity ban US Federal Reserve officials would face fines of up to 10% of a traded asset's value.
During early Friday's trading hours, the price for Ethereum hit a new all-time-high level, as it reached the $4,400.00 mark
During the post-rate announcement conference, the Governor of Bank of Japan Haruhiko Kuroda commented that the recent decline in the Japanese Yen is not bad for the Japanese economy.
Hilton Worldwide Holdings announced on Wednesday that the company had beats its quarterly revenue forecasts due to global easing of pandemic restrictions.
During the first hour of Thursday's US trading, the stock price for Plug Power reached its June 2021 high level at $36.00.
At 12:30 GMT on Thursday, the US Advance GDP data for the quarter was released. The GDP grew by 2.0% instead of the forecast 2.6%.
On Wednesday, Spotify reported that in the last quarter its ad revenues had grown by 75% and number of premium subscribers increased by 19%.
Prior to the US market open on Thursday, Caterpillar announced that the company had beat its quarterly earnings forecast by 20.65%.
The Ifo Institute revealed this week that German consumers are set to face consumer goods inflation that would be created by supply shortages.
On October 28, the European Central Bank published its Monetary Policy Decisions. The central bank kept interest rates unchanged and revealed that it would continue its asset and pandemic purchase programs.