Crude oil drops on fears European Central Bank may hike interest rates again
Crude oil traded lower on Friday morning as the market expects high consumer inflation figures in Europe will lead to an interest rate hike.At 9.57 am on Friday, May Brent oil futures were down by 0.38 per cent at $84.43 and April crude oil futures on WTI were down by 0.38 per cent at $77.86.March […]
ECB said it’ll stay the course on rate hikes. But it’s not clear for how long
Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank President Christine Lagarde has repeatedly used the phrase “staying the course” when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.The ECB entered tightening mode last year with […]
GLOBAL MARKETS-European stocks edge higher, Wall Street futures flat
European stock indexes edged higher on Monday, while Wall Street futures struggled to make gains as investors weighed up recession fears with hopes that inflation could be past its peak. Liquidity was thin during Asian trading hours as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan were closed for the Lunar […]