International Economic
EU unveils embargo on Russian oil imports
The European Union is to ban all Russian oil imports, it was announced on Wednesday, as it looks to tighten sanctions against Moscow in response to the war in Ukraine.
Services sector drives eurozone growth in April - PMI
Eurozone business activity rose in April driven by activity in the services industry as Covid restrictions were eased, offsetting a near-stall in manufacturing output growth, a key survey showed on Wednesday.
What if Bitcoin already priced in a hawkish Fed? Pessimists expect further declines
World markets are on edge on May 4th, awaiting the US Federal Reserve´s (Fed) announcement of its monetary policy decision, which is expected to be much more hawkish than the world's most powerful central bank was anticipating. The market, however, largely discounted a 0. 5% rate hike and while there are more than a few who believe that the FOMC(Federal Open Market Committee) could surprise with a hike of up to 0. 75%, several voices have been raised to warn that the central bank's forward guidance will be decisive in proving right those who believe that hawks will reign at the central bank.
Wednesday preview: US Fed, services PMIs in the spotlight
All eyes on Wednesday will be on the US central bank to see whether rate-setters follow through on their recent accelerated plans for tightening policy or even go a bit further.
Fitch cuts growth forecast for China
Fitch Ratings has cut its growth forecast for China after Beijing’s policy of zero-Covid started to weigh on the country’s economy.
Bitcoin in Fed's hands: moment downside could target the $30,000 region
The cryptocurrency market maintains its depressed tone of the last few days and has been in a string of sessions in which the digital tokens as a whole have failed to recover from their recent declines. Total capitalization stands at around $1. 74 trillion, with the main assets, Bitcoin and Ethereum, near important support levels, while experts indicate that more suffering can be expected if the US Federal Reserve (Fed) shows its hawkish side on Wednesday.
Eurozone jobless rate edges lower
Eurozone unemployment continued to edge lower in March, official data showed on Tuesday.
Australia's RBA lifts interest rates for first time since 2010
Australia's central bank on Tuesday lifted interest rates for the first time in more than a decade, an intervention days before the country goes to the polls in a national election.