Markets & Industries
European Commission launches investigation into tires from China - 05/22/2025
On Wednesday, the European Commission (EC) initiated an investigation into tires for cars and light trucks imported from China after a formal complaint was submitted by representatives of the European Union tire sector. The EC stated that it claims Chinese tires are being sold at an unjust price, which is damaging to European producers. If the investigation determines that tire imports...
Glitch in Bloomberg terminal disrupts bond trading in Europe - 05/22/2025
On May 21, a malfunction in the Bloomberg terminal interrupted bond trading throughout Europe, as reported by the agency itself, along with Reuters and The Wall Street Journal, referencing Bloomberg officials and traders. Bloomberg announced that its systems were returning to normal following the short disruption and that terminal operations had been reinstated. The support service explained that...
Japan notes record inflow of foreign investment in April - 05/19/2025
The Finance Ministry reported that in April, foreign investors allocated 8.21 trillion yen ($56.6 billion) to Japanese stocks and long-term bonds. According to CNBC, referencing Morningstar calculations, this marks the highest figure ever recorded for a calendar month since monthly data collection began in 1996. “The tariffs introduced by the U.S. President Donald Trump have probably altered...
ECB: Trade conflicts threaten Eurozone financial stability - 05/16/2025
Luis de Guindos, Deputy Chairman of the European Central Bank (ECB), stated that recent developments in global trade could disrupt Europe's financial system, which is still effectively handling the repercussions of shifts in U.S. policy. He pointed out that the European financial system is stable, yet there are risks tied to the currency area's extensive integration into global supply chains....
UK's largest pension funds to invest £50bn in UK economy - 05/14/2025
The leaders of 17 major UK pension funds have declared their plan to invest 50bn pounds ($66bn) in the nation's economy by 2030, with half of this sum directed towards UK assets, particularly in the green energy sector, according to The Guardian. Investment companies such as Aviva and Legal & General intend to allocate about 10 percent of the assets managed in their pension funds. The funds...
Ukraine considers switching from Dollar to Euro as base currency - 05/09/2025
Kiev is beginning to look into the option of changing from the dollar to the euro as its primary currency, the head of the National Bank of Ukraine, Andriy Pyshnyi, informed Reuters. He emphasized that the Ukrainian regulator must address this matter due to Ukraine's possible membership in the European Union, the EU's enhanced role in bolstering the country’s defense capabilities, increased...
Analytics: Eurozone inflation stood at 2.2% in April, above forecasts - 05/05/2025
In April, consumer prices in the Eurozone rose by 2.2% year-on-year, as reported by the European Union's statistical office, which provided initial figures. Consequently, inflation stayed at the rate of the prior month. The collective forecast of analysts, referenced by Trading Economics, indicated that inflation would decrease to 2.1 percent in April. The rate of price increase for services...
Lagarde says the ECB has almost reached its inflation target and will remain flexible - 04/23/2025
Christine Lagarde, the head of the European Central Bank (ECB), informed CNBC that the institution has nearly achieved its aim of restoring inflation to its 2% target, yet should stay adaptable in light of increasing economic unpredictability from trade conflicts. “We're nearing our target for 2025, and the process of disinflation is progressing effectively,” she stated. “Nonetheless,...
Citi raises gold price forecast for three months to $3,500 an ounce - 04/22/2025
Citi Research analysts have increased their gold price prediction for the upcoming three months to $3500 per ounce, up from the earlier anticipated $3200 per ounce. In their view, the desire to purchase precious metals is fueled by worries regarding how U.S. import tariffs will affect international trade. Moreover, Chinese regulators have recently permitted ten insurance firms to invest as much...
WTO head: Trade war between the US and China may drag the world into recession - 04/18/2025
According to Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO), if the trade war between the US and China persists, the global GDP will contract by 7% in the long run. The standoff between the countries could divide the world into two trading blocs, forcing nations to decide who to trade with, Ms. Okonjo-Iweala stated. "We are quite worried about what we perceive as a possible...