At 09:00 GMT, the EUR/USD currency exchange rate plummeted and hit the 1.0300 mark, extending a two hour decline. The rate had not traded near this level since 2002.
The European Central Bank has announced that it would adjust its corporate debt holdings to favour greener companies.
Ryanair has reported that the company has experiences a record month, as passenger load reached 95%.
The US Dollar index has returned to its high levels near the 106.00 mark, as recession fears have fuelled a run to cash.
The Bank of America has announced that for a third week straight market indicators have been extremely bearish.
The car production company Volvo revealed on Friday that it would create additional 3,300 jobs at its new $1.25 billion plant in Slovakia.
The CEO of Lamborghini Stephan Winkelmann has revealed that the car maker would invest 1.8 billion euros into a new hybrid car line-up for 2024.
According to Reuters, Japanese policymakers have started to monitor US recession fears, which could cause a spike in the value of the Yen.
In July, BMW intends to start a programme, which would buy back the company's stock up to a total of 2 billion EUR.
This week, the US Securities and Exchange Commission rejected the creation of a new spot Bitcoin ETF by Grayscale.
In May, unemployment in the Euro Zone reached a record low level of 6.60%, despite economists expecting a reading of 6.80%.
During the first six months of 2022, the MSCI World Equity Index booked its worst first half-of-a-year performance since the creation of the index.
On Thursday, the Swedish Riksbank hiked its base interest rate by 50 base points, which caused a surge of the value of the Swedish Krona.
The United States Transportation Secretary Pete Buttigieg announced this week that he would monitor airline travel during the upcoming three day weekend.
This week, at the ECB Forum the heads of the ECB, Federal Reserve and Bank of England stated that battling inflation is their highest priority, not economic growth.
The final data for the first quarter of 2022 has revealed that the US economy has decreased by in size by 1.6%.
This week, FedEx revealed that the company expects its profit margin to increase to 12% by 2025.
On Wednesday, the Bank of America revealed that despite the ongoing stock decline during the first six months of 2022 the markets have experienced a $193 billion net inflow.
This week, Mercedes announced that the company would open new production plants for the production of electric vehicles.
The head of the World Bank announced on Wednesday that it doubts that the global economy could avoid a recession.
It was revealed on Tuesday that Warren Buffet's Berkshire had acquired additional shares of Occidental and increased its stake in the company to more than 16.00%.
Nissan has announced that the company would pause its production in Russia for a period of six months.
This week, the European Central Bank is hosting its annual central bank forum in Sintra, Portugal. Market participants look forward to clues on future monetary policy.
The Swiss Federal Crime Court has convicted Credit Suisse for failing to prevent money-laundering, as a former employee did not prevent a cocaine trafficking gang of laundering its profits.