The Bank of Canada revealed this week that it would provide guidance on its interest rate plans in an effort to decrease inflation.
This week, the US Treasury Secretary Janet Yellen stated that despite recent volatility the US financial system appears to be functioning in an orderly manner.
On Monday, the President of the Atlanta Federal Reserve Raphael Bostic stated that the Fed would hike interest rates by 0.50% during the next couple of meetings, before considering the need for further hikes.
This week, various companies announced that they are decreasing their 2022 profit forecasts, as inflation continues to increase costs.
On Monday, the President of the Minneapolis Federal Reserve Neel Kashkari stated that inflation might not decrease despite easing supply chains.
Richard Clarida and Randal Quarles, who up to January were high members of the Federal Reserve, have recently called for steeper Fed interest rate hikes.
At the start of the week's US trading, the USA Tech stock index reached a new low level by reaching below 12,400.00 and touching the 12,350.00 mark.
Reuters has revealed that Tesla intends to reach pre-lockdown output in Shanghai by the middle of May.
On May 9, the price for Bitcoin reached a new 2022 low level, as the 33,000.00 mark and the previous January low were passed.
In the aftermath of a labour union meeting with US President Joe Biden, Starbucks has requested equal time with the President to address the issues that were pressed by the unions.
On Friday, the Federal Reserve of Minneapolis President Neel Kashkari stated that the Fed would have to hike interest rates aggressively, if supply chain problems do not decrease.
Data released by the US Labor Department on Friday revealed to the world that additional 363,000 people had left the labour market by no longer claiming unemployment and not finding employment.
The US Average Hourly Earnings month-on-month change disappointed by coming in at 0.3%, compared to the forecast of 0.4%. US Unemployment Rate was revealed to be by 0.1% higher than forecast due to it being at 3.6% instead of 3.5%. Meanwhile, the Non-Farm Employment Change revealed that in April 428,000 people found jobs, instead of the consensus 390,000.
Various stock indices ended the week with a decline, as an asset sell off resumed, despite Wednesday's rebound.
Lufthansa announced this week that the company expects to return to being profitable during this quarter.
On Thursday, the Chief Economist of the European Central Bank Philip Lane stated that the central bank is preparing for rate hikes.
At mid-day on Friday, the price for Natural Gas reached above the $9.00 level, which is the highest level since August 2008.
Intercontinental Exchange, which owns the New York Stock Exchange, announced this week that the company had increased quarterly profits due to higher trading volumes.
This week, the HSBC revealed that the bank expects the euro-dollar to reach parity by the fourth quarter of 2022.
On Thursday, the Czech National Bank surprised the markets by hiking interest rates by 0.75%. The event caused an immediate spike of the value of the Czech Koruna.
In April, manufacturing sector in Mexico experienced a consecutive 26th month of decline, as inflation continued to decrease demand.
Moderna revealed this week that the company expects higher coronavirus vaccine sales during the second part of 2022.
At 11:00 GMT, the Bank of England hiked its official interest rate from 0.75% up to 1.00%, which is a 13-year high level.
This week, Barrick Gold announced that due to increases in metal prices and profits the company would double its dividend.