On Tuesday, European stock indices declined, as the Russian invasion of Ukraine and incoming Fed tightening were blamed for a global economic slowdown.
During Tuesday's trading hours, Asian stock indices declined, as COVID-19 lockdowns were causing a decrease in economic activity.
The President of the New York Federal Reserve John Williams has revealed that a 0.50% rate hike by the Federal Reserve should be considered.
Amazon.com Inc CEO Andy Jassy has revealed that the company would not add cryptocurrency as a payment method in the foreseeable future.
In the aftermath of the ECB announcement that it would continue monetary stimulus, the President of the central bank Christine Lagarde stated that the bank would closely monitor inflation.
In March, US monthly retail sales surged by 0.5%, as the increase was fuelled by higher gasoline prices.
The White House has revealed that in an effort to reduce inequality the administration might increase the minimum federal wage.
Tencent announced this week that the company would block Chinese gamers from accessing unapproved foreign games.
During this week, most moves in crude oil prices were attributed to news about supplies being cut from Russia and a demand decrease due to the upcoming Easter holidays.
On Thursday, Volkswagen revealed that its profits had risen in the first quarter of 2022. However, the company commented that future profits might be impacted by the war in Ukraine.
This week, Shanghai reported that the city had reached a new benchmark of new coronavirus cases, as new cases reached above 27,000 on Thursday.
On Wednesday, MasterCard and Nexo announced that they would release a crypto-backed payment card.
This week, Reuters published a report, which indicated that the Chinese COVID-19 lock-downs are bound to further deteriorate the global supply chains.
Bloomberg news revealed this week that Chinese anti-corruption agents were investigating Jack Ma's Ant Group's connections to state owned companies.
At 11:45 GMT, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The EUR/USD plummeted more than 50 base points or 0.50% in less than ten minutes.
On Wednesday, US mortgage rates increased above 5.00%, as real estate buyers appeared to be rushing to lock in rates before further rises.
Data released this week revealed that imports into China had declined during March due to the Covid lock-downs in major industrial and shipping centres.
During Thursday's trading hours, the price for Natural Gas reached levels not seen since 2008, as the price traded above the 0.7110 level.
This week the St Louis Federal Reserve President James Bullard stated to the Financial Times that the Federal Reserve has to slow down the economy to stop inflation.
On Tuesday, the US Consumer Price Index was released. Monthly inflation in the US was revealed to be at 1.2%. Due to the news, the value of the USD plummeted, as the markets interpreted the news as a signal of incoming US monetary tightening.
On April 13, the Bank of Canada published its monetary policy statement. The central bank hiked its interest rate from 0.50% up to 1.00%, which was an expected 50 base point hike. Moreover, the bank stated that more increases are to be expected, as inflation continues to surge.
On Tuesday, the World Trade Organization announced that it would decrease its forecasts for 2022 global trade volumes.
This week, the stock prices of Deutsche Bank and Commerzbank dropped due to an undisclosed stock holder selling more than 5.00% of the total stock of the two banks.
On April 13, the Reserve Bank of New Zealand hiked interest rates. The markets expected a 0.25% hike that would increase rates up to 1.25%. However, the bank hiked 0.50%, which put the Official Cash Rate at 1.50%.