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After the historical peak in December, the exchange rate, which spent the first two months of 2022 in the range of 13.30 - 13.80, rose above the level of 14.0 due to the war that began with Russia's attack on Ukraine. Th... [read more]
Oil prices fell about 3% on Thursday as OPEC+ confirmed that it will increase production in August as much as previously announced despite tight global supplies.Brent crude futures fell 3% to settle at $109.03 a barrel, ... [read more]
The US economy recorded a contraction for the first time since the second quarter of 2020, as it contracted in the first quarter of 2022 by 1.6%, against expectations of a 1.5% contraction.In the fourth quarter of 2021, ... [read more]
US stocks ended the first session of the week on Monday, June 27, with Wall Street heading for the worst semi-annual performance in decades.At the end of the session, the Dow Jones index declined by 0.2% to record 31,438... [read more]
European shares closed lower on Thursday, as growing fears of an impending recession weighed on investor confidence.The pan-European Stoxx 600 Index closed 0.8% lower, with the auto sector shedding 3.6% to lead losses as... [read more]
European shares closed lower on Wednesday, erasing the gains they made in previous sessions as global uncertainty persisted.The pan-European Stoxx 600 index temporarily ended 0.7%, with the basic resources sector slippin... [read more]
The S&P 500 rose 2.5% after posting its worst weekly performance in two yearsUS stocks ended their first session this week on a high after the S&P 500 index posted its worst weekly performance last week since 202... [read more]
European markets closed slightly higher on Friday, ending a volatile week as global stocks reacted to tight monetary policy by major central banks.The pan-European Stoxx 600 Index finished 0.1% higher, with technology sh... [read more]
US jobless claims fell this week to 229,000 from last week's 232K.Expectations were for a further decline, as analysts expected that the number of jobless claims this week would reach 215,000.Last week's levels were revi... [read more]
We have to reduce inflation, to benefit everyone.The labor market is very strong, and inflation is very high.The Federal Reserve raised interest rates by 75, and believes that the increase in this percentage is appropria... [read more]
