Crude oil is closing lower this week. The price of crude oil settled today at $91.59. That is down $1.22 on the day. For the week, last Friday the price closed at $92.00. So believe it or not, the price is closing lower on the week after trading as high as $100.50 on the spike high on

12-month PCE inflation 3.1% vs 3.5% prior
Six month annualized inflation 4.6% vs 3.9% prior

One month annualized inflation 6.7% vs 4.6% prior

These numbers all show an acceleration in core inflation and that’s the kind of thing that will kick the

If inflation dynamics of 2021 are repeated in 2022, inflation will exceed BOE forecastsFed tightening and any ECB action will have important implications for the UKIf UK monetary policy is less robust than its neighbours, there is risk of sterling depreciationSuddenly, everyone wants a stronger curr

The unfortunate reality is that the siege on Kyiv will continue until Russia does gain control one way or another. China president Xi is the latest to have had a phone call with Putin and pushed to resolve the issue via negotiations, so I’m guessing Zelensky is trying to leverage off that latest dev

Says Europe reaction has been insufficient, slow help to Ukraine while Russia attacksCalls on European citizens to protest to force governments into more decisive actionThe headline is surely a pun intended moment but unfortunately, some European countries just don’t have the appetite to swallow any

The remarks are quoted as being told by ECB chief economist, Philip LaneUkraine war may shave 0.3% to 0.4% off Eurozone growth in middle scenarioIn mild scenario, there is almost no impact but this is now seen as unlikelyIn severe scenario, growth may be cut by close to 1%There would be significant

Just one particular one to take note of, as highlighted in bold.That being for EUR/USD at around 1.1200-10 though in the context of today, it must be said that expiries may not matter all too much. Sentiment is everything right now and that matters more. The dollar is trading a fair bit more mixe

Like this morning, there’s zero point in me trying to rewrite the wheel, so to speak, this is what I read. It makes sense that I share the source, rather than you all be subjected to my regurgitation. US Market Open: European stocks extend on losses while NQ falls into bear-markethttps://newsquawk.c

Russian Rouble Recovers From All-time Lows – Trading At Around 83 Vs Dollar In Volatile Trade

Punchy headlines from the Kremlin ~ All via Reuters: PUTIN WILL NOT TALK TO MEDIA AFTER HOLDING TALKS WITH PAKISTAN’S PRIME MINISTER PUTIN WILL HOLD MEETING LATER ON THURSDAY WITH LEADERS OF RUSSIA’S BIGGEST COMPANIES PUTIN WILL DECIDE HOW LONG RUSSIA’S MILITARY OPERATION IN UK