Prior to the European Central Bank rate statement, on Wednesday, European stock indices declined due to the expectations of a stronger Euro.
The US Commerce Department revealed this week that the government is set to use a new strategy to restore international tourism, which was hit by the Covid-19 pandemic.
The Bank of America announced this week that it expects the European Central Bank to hike rates by 150 points, during this year. Previously, the bank expected a 100 point hike.
This week, the Governor of the Bank of Japan Haruhiko Kuroda stated that the economic situation in Japan does not warrant the start of quantitative tightening.
On Tuesday, the European stock markets traded with the expectations of the Wednesday's ECB Monetary Policy Statement.
During the early trading of this week, crude oil price benchmarks hit the $120 level, indicating that inflation is set to remain high.
Euro Zone Retail Sales data for April has revealed that retail sales had declined by 1.3% on a month-on-month basis. The decline was attributed to a fall in food sales.
The Bank of Japan Governor Haruhiko Kuroda has revealed that inflation poses risks to the Japanese economy.
In April, despite decreased trade with Russia, German exports increased by 4.4%, which beat the market forecast increase of 3.1%.
Walmart has announced that it would add new 4,000 jobs via the creation of four new fulfillment centers.
On Friday, the CEO of Tesla Elon Musk sent out an email in which a wish for a 10% cut of non-vital Tesla jobs had been suggested.
Reuters recently revealed that various traders and analysts expect food price in China to rise due to record global wheat prices.
The release of the monthly US employment data at 12:30 GMT caused a surge of the US Dollar's value. The EUR/USD reacted to the news with a 30 base point decline over a span of 15 minutes.
This week, the German top court ruled that Google and YouTube would be liable for copyright damages caused by third party uploads on the video platform.
Various consumer advocate groups have combined their influence to request US regulators to investigate Electronic Arts use of loot boxes and aggressive pressure on players to spend more.
Reuters revealed on Thursday that in accordance with the agency's poll results the Canadian Dollar should strengthen in the upcoming year due to aggressive rate hikes by the Bank of Canada.
This week, OPEC announced that it would increase its oil production to make up for the output lost due to the Russian invasion of Ukraine.
In April, retail sales recovered in Hong Kong, in the aftermath of a two month decline in February and March.
At the start of the day's US trading hours, Microsoft stock plummeted almost 3.00%, as the company lowered its 2022 profit forecast. The decline of the large market capitalization stock caused a broader market sell off.
The US President Joe Biden has requested a supply update from infant formula producers. Infant formula has recently been a deficit product in the US.
The CEO of Lamborghini Stephan Winkelmann revealed in an interview on Wednesday that the company plans to add two hybrid cars to its range by 2030.
On Wednesday, Amazon announced that the company sees itself being unfairly targeted by a new US antitrust law.
This week, it was revealed that corporate capital expenditure in Japan increased by 3% in the first quarter of 2022.
German PMI survey results revealed this week that German factories had hired additional staff and even increased output.