During the last week of April, gold prices decreased to a 10-week low level, as the US Dollar index had reached a five year high.
Unilever has announced that, despite already raising prices by 8.00% in the first quarter of 2022, the company would continue price hikes due to cost inflation.
On Thursday, the European Central Bank stated that it would back the European Commission's proposed tougher regulation of foreign lenders.
It was revealed this week that the US quarterly GDP had declined by 1.40% instead of the market forecast growth of 1.10%.
On Thursday, the Riksbank hiked interest rates up to 0.25% from the previous zero rate. In addition, the bank is planning additional rate hikes during this year.
Amazon Inc announced the company's earnings report after the US market closing on April 28. The company revealed a loss of $7.56 per share, compared to a market estimate gain of $8.35. Namely, the earnings were 190.53% below expectations.
This week, the US Dollar index reached a five-year-high level, as the previous March 2020 high was passed.
In March, Swiss exports of gold to the United States had surged to record high levels, as highest volume since May 2020 had been reached.
This week, Kraft Heinz revealed that the company would increase its annual sales forecast due to resilient demand for packaged foods.
On Wednesday, agriculture commodities merchant Bunge announced that the company would increase its 2022 earnings forecast due to global shortages.
On April 28, the Bank of Japan released its Outlook Report and Monetary Policy Statement. In general, the bank is set to continue its monetary easing policy, which is weakening the value of the Yen.
This week, Deutsche Bank stated that it expects the US Federal Funds Rate to reach up to 6.00%.
After Tuesday's US trading, Microsoft published the company's quarterly earnings, which beat market expectations. On Wednesday, the stock price of the company was indicated by the futures markets to start the day's trading with 3.88% gap up.
Trucking industry monitoring company, FreightWaves has revealed that since March there has been a sharp drop in demand for trucking, which signals an incoming decrease in all economic activity.
Various analysts commented during this week that grain companies like Bunge and Archer-Daniels-Midland are expected to reveal high profits due to the Russian invasion of Ukraine.
Reuters revealed on Monday that the German government would soon increase its inflation forecast for 2022 from 3.3% up to 6.1%.
This week, Hyundai revealed that the company's profit had surged 19.00%, despite a 10.00% decline in car sales, due to favourable exchange rates.
On Monday, Reuters revealed that Twitter would accept Elon Musk's $43 billion takeover offer.
In March, consumer prices in Japan surged by 0.8%, which is the highest reading over a period of 26 months.
The Governor of the People's Bank of China Yi Gang stated that the central bank would ease its policy in an effort to support the economy during the slowdowns that are caused by the coronavirus.
Reuters revealed on Friday that the Japanese government intends to increase gas subsidies and increase the country's reserves.
During Monday's early trading hours, the US Dollar index touched the 101.75 mark. Most recently the currency has reached levels not seen since the 2020 coronavirus crash.
On Friday, Renault revealed that in the first quarter of 2022 the company had experienced a decline in sales due to the Russian invasion of Ukraine.
The head of the International Monetary Fund Kristalina Georgieva announced this week that a continuation in the slowdown of the Chinese economy might spill over into the global economy.