Monthly archive July, 2022

The Eurozone private sector contracted for the first time since early 2021 as the manufacturing activity shrank on weak output and new orders, and the service sector growth almost stalled, flash survey results from S&P Global showed on Friday. The Read More →

The European Central Bank raised its interest rates for the first time in over a decade on Thursday, by a bigger-than-expected 50 basis points, and unveiled an anti-fragmentation tool called the Transmission Protection Instrument, or TPI.Original Article Read More →

The Bank of Japan maintained its negative interest rates and yield targets, as widely expected, and forecast inflation to breach the 2 percent target before falling back in the next fiscal year. The policy board, governed by Haruhiko Kuroda, on Read More →

China's central bank held its benchmark lending rates steady, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People's Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage Read More →

After reporting a steep drop in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday unexpectedly showing a continued decline in housing starts in the month of June. The Commerce Department Read More →

The U.S. dollar drifted lower against most of its major rivals on Monday amid expectations the Federal Reserve will be less aggressive at its upcoming meeting later this month.Original Article Read More →