During the week, crude oil prices surged to two month high levels. The price surge was attributed to the markets shrugging off the Covid-19 Omicron variant.
BMW announced on Wednesday that the company had delivered a record of 2.21 million automobiles in 2021. The company increased deliveries by 9.10%, compared to 2020.
The Chinese government revealed this week that annual auto sales in China had increased for the first time since 2017.
This week, Reuters revealed that Morgan Stanley would increase the annual pay bonuses of their top performers by more than 20.00%.
After booking gains of more than 10.00% on Wednesday, the price for natural gas plummeted on Thursday. By 16:00 GMT, the commodity had returned to trade below the $4.10 mark, as an almost 7.00% decline occurred.
This week, CVS raised its profit forecast for 2021, as the company had not previously expected the spreading and subsequent surge of testing of the Omicron Covid-19 variant.
During Wednesday's US trading, the price for FCX, Freeport McMoran, reached the $45.40 mark, as the stock jumped 5.02%. By doing so, the stock price approached its all-time-high levels.
This week, the Chairman of the US Federal Reserve stated that he expects the US economy to withstand the Omicron variant and a monetary policy tightening.
The CEO of Abbot Labs Robert Ford stated this week that the company expects strong demand for Covid-19 testing in 2022.
Volkswagen announced this week that in 2022 the company aims to double its electric car sales in China.
Nokia revealed this week that the company expects its turnaround recovery to continue into 2022, as the company expects an operating margin of 11.00%-13.50%.
This week, China Passenger Car Association revealed that in December Tesla had sold a record of 70,847 vehicles that were made in China.
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. For example, the EUR/USD rate jumped 26 base points in the six minutes following the release.
On Wednesday, the stock price of Philips plummeted by 16.00%. The decline occurred, as the company announced that shortages and recalls had impacted profits.
The President of the Cleveland Federal Reserve Loretta Mester stated this week that she would back a US rate hike in March to battle inflation.
During early Wednesday's trading, the price for natural gas clearly passed above the $4.00 mark, as it reached above $4.15. Since December 6, the price had been fluctuating almost sideways between 3.50/3.60 and 4.02/4.04.
On Tuesday, Volkswagen's Skoda Auto revealed that the company had experienced a 12.6% drop in 2021 in global auto deliveries.
This week, the Chairman of the US Federal Reserve Jerome Powell stated that he would stop inflation becoming entrenched into the US economy.
During Tuesday's trading hours, the price for Bitcoin extended its recovery, which started on Monday. On Monday, the price touched the September low level at $39,645.00 and bounced off it.
This week, a World Economic Forum survey revealed that only one in six of members of the thousand member forum expects the global economy to recover.
During Tuesday's trading hours, the prices for crude oil surged, as gains in price benchmarks almost reached 3.00%.
Take-Two Interactive revealed on Monday that the company would acquire Zynga for $11.04 billion.
On Monday, Moderna announced that the company would increase its 2022 sales forecast for the COVID-19 vaccine.
This week, Rolls Royce revealed that due to strong demand in 2021 the company's car sales had hit a record high level.