Stock markets in Asia and Australia fell on Wednesday. Fears of a recession and high inflation resurfaced among investors. New consumer confidence releases in Japan and South Korea did little good for sentiment. The South Korean central bank said consumer confidence fell sharply in June. Households in Asian countries […]
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Total Value of Crypto Coins Again Around 1000 Billion Dollars
The total value of all crypto coins together fluctuates around 1000 billion dollars. That is the first time in about ten days. Bitcoin was worth more than $21,000 on Monday morning. Earlier this month, the main digital currency was worth less than $18,000. Cryptocurrencies have suffered significant losses this […]
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UK Consumer Confidence Dips to All-Time Low
Consumer confidence in the UK has fallen to an all-time low this month. British consumer confidence is under pressure mainly due to the sharp rise in energy and food prices, including the war in Ukraine. The nationwide strikes, including those at the railways, also weighed on consumer sentiment. According […]
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Chinese Stocks Soar After President Xi Jinping’s Remarks
Chinese stock markets gained ground on Thursday. Investors reacted to comments from Chinese President Xi Jinping. According to the Chinese state news agency Xinhua, Xi stated in a speech that China will meet its economic target for this year and limit the impact of the corona outbreaks. Beijing aims […]
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Loss of Heavyweight Samsung Weighs on South Korea Stock Market
The South Korean tech group Samsung was a clear loser on the stock exchange in Seoul on Monday. Investors are concerned about the continuing shortage of memory chips, coupled with fears of an economic recession. These can hinder the company, also because more and more central banks worldwide are […]
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Bank of Japan Maintains Loose Monetary Policy
The Bank of Japan (BoJ) maintained its accommodative monetary policy on Friday. This puts the rate of the country’s central bank at odds with that of other central banks worldwide, which are raising interest rates to curb sky-high inflation. For example, the US Federal Reserve announced its strongest rate […]
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Tech Companies Down Again on Asian Stocks
Asian stocks fell again on Tuesday after the continued sell-off on Wall Street. Fears that the US Federal Reserve will intervene harder than expected to combat high inflation have gripped markets. The Fed will make an interest rate decision on Wednesday and may then raise interest rates by 0.75 […]
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UK Economy Contracted for Second Month in a Row in April
Fears that the British economy will end up in recession have increased again. The economy shrank for the second month in a row in April under the pressure of sky-high inflation. In addition to rising prices, supply chain problems are also hampering business activity in the country. According to […]
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Volkswagen Offers Russian Employees A Severance Package
The German automaker Volkswagen would offer workers at one of its Russian factories compensation if they left the factory voluntarily. That writes the Russian newspaper Kommersant. According to the newspaper, the offer would in some cases amount to six months’ salary for the approximately 200 employees at the factory […]
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Australia Raises Interest Rates Again to Fight Inflation
The Australian central bank has again raised its key interest rate in the country. It was the second interest rate hike in a row. With the increase, the central bank wants to combat high inflation in the country. Like many other countries, Australia is struggling with rising food and […]