On Wednesday, Die Zeit revealed that the Mercedes-Benz CEO had revealed to the paper that scarcity of materials could slow down global transition to electric vehicles.
During this week's trading, crude oil prices continued to surge, despite OPEC+ attempting to increase production.
At the start of Wednesday's US trading hours, the stock price for AMD jumped more than 10.00%. The surge occurred due to better than forecast earnings report.
The President of the Atlanta Federal Reserve Raphael Bostic stated this week that US inflation could reach permanently higher levels, if the Federal Reserve does not act quickly.
This week, UPS published record quarterly earnings and hiked their dividend rate. The stock price reacted to the new with a 15.00% jump.
After Tuesday's US trading hours, PayPal published the company's quarterly results. In general, PayPal revealed that growth of the company had continued to decline. The stock price reacted with a 15.00% drop in the afterhours.
The President of Philadelphia Federal Reserve Patrick Harker revealed this week that it would be appropriate to raise the Federal Funds Rate four times during 2022.
On Tuesday, Tesla announced that the company is recalling 54,000 vehicles that are reportedly disobeying stop signs.
This week, ExxonMobil published the company's best quarterly results in a period of seven years. The profits were boosted by high crude oil prices.
This week, Standard Chartered published a research note, in which it was stated that US Treasury yield curve could flatten by the middle of 2022.
Dukascopy steps forward with the next generation of its flagship desktop trading platform - JForex4. It has been released on DEMO accounts.
This week, Goldman Sachs announced that it is cutting its 2022 GDP growth forecast from 3.8% to 3.2%.
On Monday, Meta Platforms revealed that in the near term future it would release the financial results for its virtual reality hardware unit.
This week, Reuters published a report that revealed that demand for oil could increase by 3-5 million barrels per day in 2022.
Data released this week has revealed that Euro zone economic recovery had slowed down in the fourth quarter of 2021.
On Friday, data released by statisticians revealed that the French economy had grown by 7.00% in 2021, as the country recovered from the coronavirus slump.
The German Economy Minister Robert Habeck stated on Friday that German economic growth would slow down to 2.3% in 2023.
Reuters revealed on Friday that Chinese securities regulators had met with foreign bank representatives to calm economic concerns.
Last week, crude oil price benchmarks have booked their sixth week of weekly gains amid concerns about supplies. Prices had reached 2014 high levels.
During the last week, the US Dollar booked its biggest gains in a period of seven months. The moves was attributed to US rate hike expectations.
On Friday, H&M announced that the company would look past the pandemic with a target to double its sales by the year of 2030.
On Friday, the US Dollar extended its Federal Reserve caused surge. The US Dollar Index hit the 97.40 mark. Meanwhile, the EUR/USD reaches below 1.1125.
This week, Deutsche Bank revealed that it has experienced its most profitable year in a decade due to dealmaking.
The stock price of LVMH jumped by 5.27% at the start of Friday's trading, as the company announced that its sales growth had accelerated in Q4.