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Monday, December 5, 2022
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Market Snapshot: Stocks mixed moves following rate hikes

The Bank of England (BoE) and US Federal Reserve raised their interest rates by 75 bps last week. European equities rose in value, whilst...

Rate hikes continue – ECB raises rates by 0.75%

The ECB raised its key policy rate by 75bps from 0.75% to 1.59%, reaching its highest level since 2009. The ECB also made changes to...

Central banks under stress as bond yields rise

The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...

Hungary fines Ryanair for raising ticket prices to cope with Covid recovery tax

Hungary has accused Ryanair of consumer protection violations and fined it more than £600,000 after the budget carrier raised ticket prices to cope with...

Bank of England confirms largest interest hike in over 25 years as long recession looms

The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on...

European Central Bank vows to create backstop against market turmoil

The European Central Bank (ECB) has vowed to create an unspecified market backstop that could be used to buffer some countries against bond market...

Europe’s central bank to hike rates in July

The European Central Bank (ECB) said on Thursday that it would carry out its first interest rate increase in 11 years in July, followed...

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...

EU wrestles with Russia oil embargo as leaders gather for summit

European Union leaders are gathering in a new show of solidarity with Ukraine. However, divisions over whether to target Russian oil in a new series...

Inflation in eurozone soars to record 7.5%

Inflation in the eurozone has soared to another record in a fresh sign that rising energy prices fuelled by Russia’s war in Ukraine are...

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