Source: Bank of England The Bank of England hiked its key policy rate by 25 basis points and hinted at the possibility of additional rates in the coming months. EWU is down 2.24%, while EZU is down 2.36%. The Bank of England raised its Bank Rate by 25 basis points to 1% from 0.75% in March, following the rate hikes implemented in December, February, and March.The central … [Read more...] about England Hikes Rates Anew as Inflation Continues to Mark Historic Highs
Inflation
Euro Area’s Annual Inflation Hits a New Record 7.5% In April
Source: Eurostat Inflation was estimated to have jumped to a fresh record of 7.5% in the euro area in April, from 7.4% the previous month. DAX is up +0.82%, EURUSD is up +0.28%. The energy was the main driver of the annual inflation in April, with a surge of 38%, although the gain was lower compared to an increase of 44.4% in March.Inflation in the food, alcohol, & … [Read more...] about Euro Area’s Annual Inflation Hits a New Record 7.5% In April
Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
Source: Eurostat Inflation in the eurozone and the European Union accelerated further in March, carving fresh all-time highs. EZU is up 1.67%, while VGK is up 0.87% premarket. Consumer prices in the eurozone surged by 7.4% in March, up from 5.9%. This is the highest print on record.The biggest annual increase was seen in energy prices which soared by 44.4%, following the … [Read more...] about Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
UK Inflation Soars to Historic High in March
Source: Office for National Statistics Inflation in the United Kingdom climbed to its highest level in three decades in March, driven mainly by higher prices of motor fuels. EWU is up 0.48%, while EZU is up 0.05% premarket. The consumer prices index clocked in at 7.0% in March, up from 6.2% in February and 0.7% in March 2021. This is the highest since March 1992’s … [Read more...] about UK Inflation Soars to Historic High in March
US Inflation Quickens to Four-Decade High of 8.5%
Source: Bureau of Labor Statistics Inflation surged to 8.5% in March, hitting the highest level in over four decades. QQQ is up 1.33%, while SPY is up 0.85%. The Consumer Price Index for All Urban Consumers clocked in at 8.5%, the highest since December 1981.The acceleration was mainly due to energy prices which surged by 32.0%. Energy commodities soared by 48.3%, … [Read more...] about US Inflation Quickens to Four-Decade High of 8.5%
