Weekly Market Recap

Weekly Market Recap – July 8, 2022

Weekly Market Recap – July 8, 2022 Shinzo Abe, Japan’s former prime minister, was assassinated while giving a public speech on Friday. On Thursday, UK Prime Minister Boris Johnson announced he would step down after a wave of resignations by cabinet officials and members of Parliament. Elon Musk indicated he would withdraw his offer to

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Weekly Market Recap – July 1, 2022

Weekly Market Recap – July 1, 2022 The U.S. Supreme court ruled to limit the ability of the Environmental Protection Agency to regulate carbon emissions from power plants. Chief Justice John Roberts wrote that Congress had not clearly given the agency such authority. Turkey dropped its objection to allowing Sweden and Finland into NATO, which

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Weekly Market Recap – June 24, 2022

Weekly Market Recap – June 24, 2022 The Russian ruble, which had collapsed to 139-per-U.S.-dollar after Putin invaded Ukraine, was the strongest major currency during the week. On Tuesday, the ruble traded at 54 per dollar, its best level since June 2015. On Wednesday, President Biden urged Congress to suspend the Federal tax on gasoline

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Weekly Market Recap – June 17, 2022

Weekly Market Recap – June 17, 2022 Aiming to stem inflation, the Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday; 1994 was the last time the central bank made a move of that magnitude. The Bank of England raised rates one-quarter point, pursuing a policy more cautious than the Fed.

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Weekly Market Recap – June 10, 2022

Weekly Market Recap – June 10, 2022 In a move to mitigate soaring inflation, the European Central bank will raise interest rates in July. The quarter-percentage-point increase will be ECB’s first rate increase since 2011. The U.S. is ending COVID-19 testing requirements for air travelers entering the country, starting on Sunday. The U.S. Department of

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Weekly Market Recap – June 3, 2022

Weekly Market Recap – June 3, 2022 An OPEC Plus announcement on Thursday that the organization will increase crude oil production delivered a surprise: the volume of the increase was more than analysts had anticipated. Starting in July, the net rise in output by member countries will be 648,000 barrels per day. The additional barrels

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Weekly Market Recap – May 27, 2022

Weekly Market Recap – May 27, 2022 Tuesday was the three-month mark since Russia invaded Ukraine. As the week came to a close, the White House reported that Russia is expected to default on its debt. The due date for Moscow’s $100 million bond payment was Friday. All eyes were on the inflation indicators on

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Weekly Market Recap – May 20, 2022

Weekly Market Recap – May 20, 2022 The U.S. is now seeing more than 100,000 COVID-19 cases per day for the first time in months; cases are up 52% and hospitalizations are up 31% in the past two weeks. On Wednesday, President Biden invoked the Defense Production Act to expedite the production of baby formula

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Weekly Market Recap – May 13, 2022

Weekly Market Recap – May 13, 2022 On Thursday, Finland pledged to join NATO, a move prompted by Russia’s February invasion of Ukraine. In a 368 to 57 vote, the House passed a bill to provide Ukraine an additional $40 billion in military and humanitarian aid; it now awaits a vote in the Senate. Bitcoin

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Weekly Market Recap – May 6, 2022

Weekly Market Recap – May 6, 2022 The Fed announced a 0.5% interest rate increase, the largest increase in the federal-funds benchmark since 2000, as the central bank continues efforts to combat inflation. The water level in Lake Mead, which provides water to the states of Arizona, California, and Nevada, has dropped to its lowest

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Our GDPR Compliance Statement is incorporated into this Privacy Policy.

Besides strengthening and standardizing user data privacy across the EU nations, GDPR imposes new or additional obligations on all organizations that handle EU citizens’ personal data, regardless of where the organizations themselves are located.

 

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