cryptocurrency and inflation. cryptocurrency, inflation, crypto,

Understanding the relationship between cryptocurrency and inflation requires analyzing a number of factors including interest rates.

financial turmoil

The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong […]

weak economic data

Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor […]

 China is seriously concerned about Japanese export restrictions on chip manufacturing equipment and called on it to correct its “wrong practice”, the Chinese commerce ministry said on Tuesday. “China will take decisive measures to safeguard its rights and interests if Japan insists on obstructing the chip industry cooperation between the two countries,” it said in […]

 The U.S. and EU pledged on Tuesday to confront any attempts to destabilise global energy markets, after meeting in Brussels to discuss the impact of Russia’s invasion of Ukraine. Cooperation on energy between the United States and the European Union has intensified since Russia slashed gas deliveries to Europe after its invasion of Ukraine last […]

Futures edge higher

U.S. stock index futures edged higher on Tuesday as some technology and growth stocks rebounded from a selloff in the previous session, while investors awaited key economic data that could determine the Federal Reserve’s monetary tightening path. Tesla Inc rose 1.6% in premarket trading, bouncing back from 6% declines on Monday after disclosing March-quarter deliveries, […]

German inflation

German inflation eased significantly in March on the back of lower energy prices but still came in above forecast, adding to pressure on the European Central Bank to further tighten its monetary policy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 7.8% in March, preliminary data from the […]

TSX slides

Canada’s main stock index fell more than 1% on Tuesday, including sharp declines for resource shares and the shares of BlackBerry Ltd, as hawkish remarks by Federal Reserve Chair Jerome Powell strained investor sentiment. The Toronto Stock Exchange’s S&P/TSX composite index ended down 239.26 points, or 1.2%, at 20,275.54, its lowest closing level since last […]