This week, oil prices recovered to the $75.00 level despite the recent OPEC announcement of a production increase.
At 13:30 GMT on Friday, US monthly Consumer Price Index data was published. The EUR/USD reacted to the news with a 22 base point or 0.19% jump upwards, as the USD lost value.
Data published on Thursday revealed that Mexican inflation had reached 7.37% on a year-to-year basis, which is the highest level in two decades.
JPMorgan revealed this week that the bank expects a full global economic recovery and end of the coronavirus pandemic in 2022.
European Central Bank Board Member Isabel Schnabel revealed in a speech that the ECB should not hike interest rates only after ending asset purchase programs.
This week, Visa announced that the company would launch a crypto advisory service for merchants and institutions.
In accordance with HedgeFund Research, in November, hedge funds posted worst results since March 2020, as stocks declined during the last five trading sessions of the month.
On Wednesday, the Japanese government revised its third quarter gross domestic product growth numbers to -3.6% from the previous -3.1%.
Ford Motor Company announced this week that the company would invest $900 million in upgrading production in Thailand.
On Wednesday, the Vice President of the European Central Bank Luis de Guindos stated that inflation would take a longer time to decrease to 2.00% than previously forecast.
This week, Olaf Scholz was elected as the Chancellor of Germany. The new Chancellor marks the end of the 16-year rule of Angela Merkel.
On Wednesday, the price for Apple stock hit a new all-time-high at $174.40. Since October 4, the stock price has gained almost 26.00% or $36.00. The most recent surge of the stock was caused by the news of Apple signing a $275 billion deal with the Chinese government.
This week, the UK Justice Secretary Dominic Raab revealed that the United Kingdom would not need additional coronavirus restrictions during the Christmas holiday period.
Reuters revealed on Tuesday that EU antitrust institutions would look into Microsoft and Nuance Communications $16 billion transcription technology deal.
This week, Intel revealed plans to take the company's self-driving car division Mobileye public with a valuation of more than $50 billion.
On Tuesday, the Chief Executive Officer of Wells Fargo Charlie Scharf stated that the Fed should move faster on addressing inflation.
This week, Reuters published a report, which revealed that the new coronavirus variant could decrease oil demand in Asia.
This week, US oil company executives were meeting at a conference in Houston. Main topic of the conference was the long term growing demand for oil.
Starting from October 20 up to December 3, the stock price of Alibaba declined 40.21%. On Monday, the stock recovered by 10.40% compared to the December 3 closing level. Prior to the Tuesday's US opening, pre-market price feeds indicated a 4.92% jump at the market open.
On Monday, the US Securities and Exchange Commission requested documentation from the Lucid Group about the company's blank-check deal. The stock price of the company plummeted during Monday's trading.
On Tuesday, the Germany 40 stock index recovered by more than 2.00%. By the middle of the day's European trading hours, the index had recovered more than 4.50% from the November 30 low level near 15,000.00.
Reuters revealed on Monday that Volkswagen had settled a power struggle and Herbert Diess would remain as Chief Executive Officer of the company.
On Monday, European Union regulators announced that they would pause the investigation of the Nvidia and ARM deal. The reveal of the freezing of the issue caused a stock price drop.
On December 7, the Reserve Bank of Australia published an official monetary policy statement. The announcement caused a recovery of the Australian Dollar's value. By 08:00 GMT, the AUD/USD rate had already recovered 39 base points or 0.55%.