(Bloomberg) — For tech investors, it’s been the worst start to the year in two decades. And with another hike in the Federal Reserve’s interest rate seen next week, they are bracing for more volatility.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost From Ars
— Read on ca.finance.yahoo.com/news/fed-casts-long-shadow-over-104643164.html
Category: Blog
Xi’s Vow to Boost Growth While Locking Down Met With Skepticism
(Bloomberg) — China’s top leaders vowed on Friday to hit this year’s economic growth target while also sticking with a Covid Zero strategy that has locked down major cities. Economists doubt they can do both. Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost F
— Read on ca.finance.yahoo.com/news/xi-vow-boost-growth-while-110745235.html
Inflation hits record high of 7.5% in countries using euro
BRUSSELS (AP) — Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine weigh on the region’s economic recovery from the coronavirus pandemic. Annual inflation reached 7.5% for the month, topping the old record of 7.4% from March, statistics agency Eurostat said Friday. The April figure was the sixth consecutive record reported for the eurozone. Eurostat said energy prices jumped 38%, an indication of how Russia’s invasion
— Read on ca.finance.yahoo.com/news/inflation-hits-record-high-7-090715821.html
New gas pipeline boosts Europe’s bid to ease Russian supply
ATHENS, Greece (AP) — Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it’s where the European Union is redrawing the region’s energy map to ease its heavy reliance on Russian natural gas. A new pipeline — built during the COVID-19 pandemic, tested and due to start commercial operation in June — would ensure that large volumes of gas flow between the two countries in both directions to generate electricity, fuel industry and heat homes
— Read on ca.finance.yahoo.com/news/gas-pipeline-boosts-europes-bid-063901741.html
Recession Threat Hangs Over Europe’s Fragile Economic Growth
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost From Arsenal of Old-Fashioned ArtilleryThe euro zone’s recovery from the pandemic is already showing
— Read on ca.finance.yahoo.com/news/recession-threat-hangs-over-europe-100748819.html
U.S. bonds: Treasury yields are little changed ahead of inflation data
U.S. Treasury yields fell on Friday morning, ahead of the release of key inflation data.
— Read on www.cnbc.com/2022/04/29/us-bonds-treasury-yields-fall-ahead-of-inflation-data.html
These 21 large-cap stocks have now crashed at least 50% – MarketWatch
Pummeled stocks include Netflix, PayPal and Facebook parent Meta Platforms.
— Read on www.marketwatch.com/story/these-21-large-cap-stocks-have-now-crashed-at-least-50-11651006807
Bank of Canada to Weigh New 50 Basis-Point Hike, Macklem Says – Bloomberg
Bank of Canada Governor Tiff Macklem said the central bank will consider another 50-basis-point increase to its benchmark interest rate to wrestle inflation down from three-decade highs.
— Read on www.bloomberg.com/news/articles/2022-04-25/back-of-canada-will-weigh-new-50-basis-point-hike-macklem-says
Australian inflation hits 20-yr high, May rate rise seen in play | Reuters
Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building and food costs all climbed, fueling speculation interest rates could rise from record lows as soon as next week.
— Read on www.reuters.com/business/australian-inflation-hits-20-year-high-brings-rate-rises-near-2022-04-27/
Russia’s GDP decline could hit 12.4% this year, economy ministry document shows | Reuters
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further evidence that sanctions pressure is taking its toll.
— Read on www.reuters.com/business/russias-gdp-decline-could-hit-124-this-year-economy-ministry-document-shows-2022-04-27/