The Chairman of the US Federal Reserve Jerome Powell has stated that interest rate hikes would slow down. However, borrowing costs should remain high.
The United States cryptocurrency brokerage Genesis has revealed that it is restructuring in order to prevent a bankruptcy.
The publication of the Core PCE Price Index at 13:30 GMT, has caused a decline of the US Dollar. The inflation index revealed that prices had increased on a month-on-month basis by 0.2%. However, the market consensus was that inflation had increased by 0.3%.
The Finance Minister of India Nirmala Sitharaman has stated that the ministry expects capital spending to fuel economic growth.
The stock price of Credit Suisse entered its 13th consecutive day of declining, as the stock price lost additional 5.50% and reached 2.67 franc mark. Since November 23, the shares have lost 21% of their value. This has been the worst performance since 1989.
The Deputy Prime Minister of Singapore Lawrence Wong has revealed that Temasek Holdings would write-down nearly $275 million in investment in FTX.
The European Commission has revealed that its economic sentiment indicator has increased to 93.7 in November from 92.7 during October.
Reuters revealed this week that the Bank of Korea is ready to adjust its policy to a potential reopening of China. In addition, the central bank expects its base interest rate to peak at 3.50%.
The US cryptocurrency lender BlockFi has filed for bankruptcy. The company was listed by FTX as its second largest creditor.
The CEO of Airbus Guillaume Faury has stated that the supply chains remain complex and he awaits November data to understand the dynamics of deliveries.
Nestle has increased its 2022 sales growth forecast from 8.00% up to 8.50%. In addition, earnings per share are also expected to increase.
The Chairman of Renault Jean-Dominique Senard has stated to Reuters that he was confident that Nissan and Renault would reach an agreement on their future partnership.
The UK airline EasyJet has revealed that early bookings for spring and summer have remained in demand, despite price increases.
QatarEnergy and German ConcoPhillips have signed a new liquefied natural gas deal, which would cover new exports for at least a period of fifteen years.
During Tuesday's European trading hours, stock indices surged. The surge was attributed to speculated COVID-19 measure easing in China.
The US crypto exchange Bitfront has announced that it would suspend new sign ups, all credit card payments and cease operations. The firm has commented that the shutdown was not associated with the recent misconduct of other exchanges.
The German Ifo economic survey results have revealed that almost all food and toy retailers in Germany intend to increase prices.
Adobe Analytics has revealed that the total US Thanksgiving sales have reached a record $5.29 billion, despite inflation supposedly reducing consumer spending.
The German carmaker BMW has announced that it would invest 2 billion Euro in its electric vehicle factory in Hungary.
The Polish government has announced that it would freeze household gas tariffs at 2022 levels.
The main iPhone producer in China Foxconn has been reported by Reuters as set to suffer further shipment delays due to more workers stopping work.
On Black Friday, Amazon workers were observed to have protested low wages in France and Germany.
The Japanese government has publishes an assessment of the national economy. In November, the economy had experienced a moderate recovery. However, global risks remain persistent.
The Swedish Riksbank has hiked its base interest rate to 2.50% and announced that it could continue its monetary tightening in 2023.