Europe would end its dependency on supply from Gazprom
Europe imports about 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.” European Commission President Ursula Von der Leyen tells CNBC that energy sanctions against Russia remain an option if Russia invades Ukraine. […]
The United States Prepares to Defend Ukraine
President Joe Biden spoke with President Vladimir Putin of Russia about Russia’s military buildup on Ukraine’s borders. President Biden was clear that if Russia launches a new invasion of Ukraine, the United States, together with our allies and partners, will respond decisively, imposing swift and severe costs on Russia. President Biden reiterated that a Russian […]
Decisive week for the international currency market
The president of the Fed, Jerome Powell, affirmed last Wednesday the probability of a rise of half a percentage point (0.50%) if inflation continues stubbornly high. The move would raise borrowing costs from near zero, where they have been since the start of the Covid pandemic, for businesses and consumers. This would bring two main […]
High impact week: Central Bank of Canada and FED
The loonie could stay lower this week ahead of the interest rate announcement this Wednesday at 12:00 pm EST. The Central Bank of Canada would keep its interest rates unchanged and the economy finds itself with an inflation of historical record of 30 years. The BBC’s lack of initiative could leave investors with no incentive […]
Fedwatch raised the odds of a rate hike 68.5% at its March meeting
US employment data exposed the Federal Reserve’s odds of moving earlier than expected. Unemployment in the United States fell to 3.9% and is reason enough for Fedwatch, the body that monitors the behavior of the Reserve, could raise interest rates in less than two months. Members considered that the conditions for the rate hike could […]
US and Canadian labor market, sixth month of positive data
The United States and Canada will report the evolution of non-farm payrolls and the variation in the unemployment rate respectively this Friday. The announcement will be at 10.30 am this Friday, Argentine time (GMT -3). November labor market data, released in December, was more disappointing than expected. 200K were added, compared to the expected 500K. […]
US production, FOMC and employment reviews next week.
This week the first revision of the economic situation in the United States is expected after the holidays. Today, January 2, more than 3,600 flights have been canceled worldwide, more than half of them in the United States, which adds to the number of travel interruptions during the holiday week due to adverse weather and […]
Inflation will be the most relevant data for the month of January 2022. Crypto returns to the international table
China Evergrande Group is the world’s most indebted real estate developer, with more than $ 300 billion in liabilities. It announced that it made initial progress in resuming construction works and its president promised to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months. It […]
Omicron leaves a fragmented world economy by 2022
The Omicron variant gains momentum in Europe and the United States, scientists are rewriting their expectations for the pandemic next year. The United Kingdom took an unexpected initiative against the forecasts by raising its interest rates to 0.25% on Thursday, December 16. It is the second country after New Zealand to increase bank interest rates […]
ECB and FOMC this week. Stimulus plans and bond purchases are key for the euro this week.
This Thursday, 12/16, important decisions are expected from governors of the European Central Bank who could delay part of a decision on the ECB’s stimulus plans, since the perspective has changed due to a new variant of the coronavirus and the growing pressures on the prices. The ECB’s Governing Council will meet on December 16 […]