European Economical News And Updates

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Forex Forex, European Economical Updates​

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The Congressional hearing on crypto spurred a new meme cryptocurrency: mongoose coin.

On Wednesday, the House Financial Services Committee questioned six crypto leaders about the benefits and challenges of digital assets. FTX Chief Executive Officer Sam Bankman-Fried and Coinbase CEO Alesia Jeanne Haas testified at the hearing, along with the heads of Bitfury, Circle, Paxos Trust Company, and Stellar Development Foundation.

Elsewhere, European Union plan to improve conditions for the growing number of gig economy workers could mean millions more of them are classified as employees entitled to benefits, the latest setback for digital platforms that rely on independent contractors to deliver food and offer rides.

The draft rules outlined on Thursday aim to clarify the labour status of people employed by app-based companies like ride-hailing service Uber and food-delivery business Deliveroo and would add oversight for the algorithms they use to manage workers.

On the other hand, The EUR/USD forecast sees the pair moving sideways in the short term between 1.1186 and 1.1374 levels. It could extend its range pattern as the Dollar Index seems undecided. As long as the DXY moves sideways, the currency pair could also print a triangle formation.​

From the technical point of view, the EUR/USD pair failed to confirm a larger upwards movement, so the bias remains bearish. It's traded at 1.1310 level far below 1.1354 yesterday's high. It remains to see how it will react around the 1.1300 psychological level. For learn more economical updates join a forex forum. This is the best place for getting latest updates.

On the other hand, Online inflation hits record high in November.​

Product categories that saw prices increases year over year:​

*. Flowers and related gifts: 15.48%
*. Tools and home improvement: 6.93%
*. Sporting Goods: 6.75%
*. Appliances: 3.96%
*. Groceries: 3.89%
*. Pet Products: 3.53%
*. Furniture and bedding: 2.91%
*. Nonprescription drugs: 2.78%
*. Home and garden: 1.41%

Product categories that saw prices decrease year over year:​

*. Computers: -5.64%
*. Jewelry: -3.69%
*. Toys: -2.91%
*. Books: -2.30%
*. Office supplies: -1.56%
*. Personal care products: -0.88%
*. Electronics: -0.44%

Source: foxbusiness.com

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Forex Forum, Omicron's outbreak could hit the European economy, What do you think about it?​

The omicron variant has the potential to cause a wave of Covid infections in England and fuel almost 75,000 deaths this winter, if the government doesn't impose additional precautionary control measures, according to a research report by the London School of Hygiene & Tropical Medicine.

Under the government's 'Plan B' rules imposed last week in response to omicron, the most optimistic scenario for England indicates about 175,000 hospital admissions and 24,700 deaths for the five-month period from December to April. The worst-case projection is for 74,800 deaths. That is more than half the 127,154 fatalities registered in England since the start of the pandemic. England accounts for more than two thirds of almost 172,000 deaths in all of the United Kingdom, which includes Scotland, Wales and Northern Ireland. The research is not yet peer reviewed, LSHTM said on its website.

Scientists from the London School of Hygiene and Tropical Medicine (LSHTM) also warned that Omicron, first discovered in southern Africa, is likely to be the dominant coronavirus variant by the end of the month.​

The scientists, who advise the government as part of the Scientific Advisory Group for Emergencies (Sage) and the Scientific Pandemic Influenza Group on Modelling (Spi-M), used experimental data to look at how the transmission of Omicron might develop as the country heads into 2022 without more stringent restrictions beyond Boris Johnson's "plan B".

Another 633 Omicron cases were recorded in the UK on Saturday, marking the largest daily increase since the variant was detected. It brings the total number of confirmed Omicron cases to 1,898, according to the UK Health Security Agency. Overall, a further 54,073 new Covid cases were reported on Saturday with 132 deaths.

Prof Eleanor Riley, from the University of Edinburgh, said earlier on Saturday that Omicron was spreading so fast that people were "very likely" to meet someone infected with the Covid variant unless they were "living the life of a hermit".

Riley also warned that "a lot of people" could still end up in hospital even if Omicron is found to provoke milder symptoms than the Delta variant. For learn more about the latest European economical news and updates, join a forex forum.

The U.K. will have more than one million Omicron cases by the end of this month if current trends continue unchanged, the country's Health Security Agency said on Friday, but noted that booster shots provide 70-75% protection against symptomatic infection.

"The preliminary data showed effectiveness against the new variant appears to increase considerably in the early period after a booster dose, providing around 70-75% protection against symptomatic infection," the UKHSA said in a statement.

"Due to the early nature of the findings, all estimates are subject to significant uncertainty and are subject to change," it added.

Source: theguardian.com

On the other hand, UK calls for united front at G7 meeting against Russia, China threats.​

Russian sabre-rattling against Ukraine and an assertive China were top of the agenda as G7 foreign ministers met in Britain on Saturday, with calls for a united front against authoritarianism.

The two-day gathering of top diplomats from the world's richest nations in Liverpool, northwest England, is the last in-person gathering of Britain's year-long G7 presidency, before it hands over the baton to Germany.

Discussions were focused on Russia's build-up of troops on Ukraine's border, confronting China, limiting Iran's nuclear ambitions and addressing the crisis in military-ruled Myanmar.​

"We need to come together strongly to stand up to aggressors who are seeking to limit the bounds of freedom and democracy," British Foreign Minister Liz Truss said as she formally opened the talks, without mentioning specific countries.

Source: france24.com

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Forex Forum, Financial News And Updates Dec-12, 2021​

The market volatility in recent weeks is enough to make even the most experienced investors worried, particularly as they contend with the omicron Covid variant and the prospect of tighter monetary policy from the Federal Reserve.

Wall Street's top analysts are looking past the short-term tumult. These five stocks are potential long-term winners, according to TipRanks, which tracks the best-performing stock pickers. Here are two of them.

Marvell​

While the semiconductor sector has been benefitting greatly from the shift toward data centers and a digital economy, Marvell Technology (MRVL) is poised to capitalize. The semiconductor developer recently smashed its quarterly earnings, and analysts have taken a more bullish stance on its multi-year outlook. (See Marvell Risk Factors on TipRanks)

Hans Mosesmann of Rosenblatt Securities published an upbeat report on the stock, noting that the firm saw sales growth over 30%, as well as a beat and raise on its guidance. Further, Marvell has mitigated supply chain impacts thus far.

Mosesmann rated the stock a Buy, and raised his price target to $120 from $100.

Rivian​

The last few years have been revolutionary for the auto industry, as electric vehicle (EV) producers capture the attention of consumers and investors. After going public last month to much fanfare, Rivian Automotive's stock (RIVN) appears to have calmed down in volatility, and analysts are largely bullish. (See Rivian Stock Analysis on TipRanks)

Among those analysts is Daniel Ives of Wedbush Securities, who considers Rivian to be an "EV stalwart in the making," due to its trajectory in capturing a largely unpenetrated market. While other EV makers have mainly focused on sportscars and sedans, Rivian is one of the first to offer luxury SUV and Pickup models.

Ives rated the stock a Buy and initiated coverage with a price target of $130 per share.

Source: cnbc.com

On the other hand, Back in March, US Democrats passed a partisan spending bill that pumped $1.9 trillion into an economy that was already well on its way to recovery. That was after Congress worked in a bipartisan way to pass five COVID relief bills the year before. Democrats broke that bipartisan model to force through their spending without a single Republican vote, and now they're sticking Missouri families with the bill.​

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Forex Forum, European share, Dow futures stock and Toyota Investment News And Updated Dec-14, 2021.​

European shares clung to gains on Tuesday while Wall Street looked set to fall, as investors nervously eyed the spread of the Omicron variant of the coronavirus and sat on the sidelines before numerous central bank decisions due respectively.

On the other hand, The rate at which households put savings in Irish credit unions slowed in the year to September – and even dipped in the final month of the period – as firms in the sector tightened limits on customer deposits and individuals and families loosened their purse strings as Covid restrictions eased.

Savings across the sector rose by 2.8 per cent over the course of the period, after accounting for a 0.7 per cent dip in September, to €16.8 billion, according to a new Central Bank report. It followed on from a 7 per cent surge in savings over previous 12 months, which added to the challenges of a sector where customer deposits have long far outweighed loans.

Source: irishtimes.com

On the other hand, Dow futures turned positive Tuesday morning, up slightly from overnight trading as investors set their sights on a prolific week in Washington that includes the Federal Reserve's final policy-setting meeting of 2021, set to commence today, and the release of new prints on retail sales, housing starts and other economic data.

Contracts on the Dow posted an uptick, up 22 points to 35,667, while S&P 500 and Nasdaq futures continued to edge lower.

Research from Goldman Sachs showed the S&P 500 is powered by five stocks that have accounted for 51% of its return since the end of April. Microsoft, Google, Apple, Nvidia and Tesla account for more than one-third of the S&P 500's 26% return this year, according to Goldman.

Source: yahoo.com

On the other hand, Toyota Motor Corporation – the brand that can be credited with single-handedly popularising hybrid powertrains two decades ago—thus far appeared to be late to the EV party. That changed on December 14 when Toyota President Akio Toyoda announced that the brand and its premium subsidiary Lexus will be introducing a whopping 15 electric vehicles spanning across multiple segments from their portfolio. For getting latest stock news and forex trading updates join a forex forum. It's will also help you to improve your trading skill.

As a brand Toyota has shown an uncharacteristic reluctance to join the EV race, focussing more on hybrid powertrains in the present. The brand's announcement that it will invest $35 billion by 2030, to develop the above-mentioned 15 models, proves that the EV-age is officially upon us, given that Toyota is at present, the world's largest carmaker.

Toyoda said the company aims to sell 3.5 million EVs by 2030, emphasising the need to reduce emissions. Lexus will go fully electric by 2035, and will launch only EV models in Europe, North America and China by 2030.

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UK inflation news and updates, By forex forum​

The latest UK inflation data will be a stark reminder to the Bank of England that price pressures are getting out of control and that interest rate hikes are needed, and quickly. Headline UK inflation hit a decade high 5.1% in November, beating forecasts of 4.7% and a prior month's reading of 4.2%.

These levels of inflation would normally prompt a response from the BoE, especially when taken alongside another set of robust employment figures released yesterday. However, the central bank may put off hiking rates at tomorrow's policy meeting with the rapid spread of Omicron now seemingly dictating monetary policy. The BoE is now stuck between a rock and a hard place.

GBP/USD has nudged higher post-release but remains in a longer-term downtrend off the June 1.4250 high. Support at 1.3162 has held. Cable traders are now facing two high-impact events over the next day, tonight's FOMC meeting and tomorrow's BoE meeting, both of which could move cable sharply.​

On the other hand,
The U.S. dollar held firm on Wednesday, with currency markets quiet as investors waited to see if the U.S. Federal Reserve would reinforce market expectations for rate hikes next year.

The Fed's policy statement and economic projections are due at 1900 GMT.​

Markets have been pricing for the Fed to end its bond-buying around March and then proceed with one or maybe two rate hikes in 2022. Any more than two rate hikes pencilled in for next year would be considered a hawkish surprise.

The Fed meeting comes as the rapid spread of the Omicron variant of COVID-19 has spurred concern that the economic recovery will be derailed. Preliminary evidence indicates that COVID-19 vaccines may be less effective against infection and transmission linked to Omicron, the World Health Organization said.

The UK as a whole sees roughly 11% yet to receive a single dose (according to government data) but when it comes to London itself, that figure is nearly tripled at 32%.

On the other hand, The GBP/USD pair maintained its bid tone through the mid-European session, albeit has retreated a few pips from over one-week high touched earlier this Wednesday. The pair was last seen trading around mid-1.3200s, up only 0.10% for the day.

The pair gained strong positive traction following the release of hotter-than-expected UK consumer inflation figures and built on the previous day's modest bounce from sub-1.3200 levels. In fact, the headline CPI climbed 0.7% MoM in November and accelerated to 5.1% YoY from 4.2% previous. This was well above consensus estimates and the fastest rise since September 2008. Adding to this, core CPI also surpassed expectations and jumped 4% YoY and provided a goodish lift to the British pound.

Elsewhere, The Euro-zone economic calendar will remain empty on Wednesday with markets looking ahead to Thursday's ECB policy statement.​

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Markets expect that the central bank will remain committed to a very expansionary monetary policy and net yields will remain negative for the single currency.​

The Euro could still gain an element of support from a reduction in short positions if global risk appetite remains fragile, but the Euro to Dollar (EUR/USD) exchange rate was held around 1.1275.

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Dec-16, 2021 European Economical Updates, By forex forum​

The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record highs and the U.S. speeding up its stimulus exit.

The cautious approach comes as the 19 European Union member countries using the euro already are seeing the economic rebound slow because of a rise in infections from the delta variant and shortages of parts and raw materials. That has held back an economy that depends on trade and supply chains.

The bank confirmed that it will phase out its 1.85 trillion euro ($2.1 trillion) pandemic bond purchase stimulus on schedule next year but will maintain some of the effect by moving part of the purchases to another support program. It also said the pandemic program could be resumed if needed.​

On the other hand, Britain became the first G7 economy to hike interest rates since the onset of the pandemic on Thursday, with the U.S. Federal Reserve also signalling plans to tighten in 2022 but the European Central Bank only slightly reining in stimulus.

The different paths taken by major central banks underline deep uncertainties about how the fast-spreading Omicron variant will hit the global economy and their differing views on an inflation surge that is landing hard in the United States and Britain, but less so in Europe and less again in Japan.

While the risk of uncontrolled prices has taken precedent for the Fed and the Bank of England, European Central Bank President Christine Lagarde emphasised in a news conference that the pandemic was again depressing spending in the euro zone and threatening growth.

Elsewhere, After a long and tumultuous 2021, British consumers are well acquainted with surprises.​

They can now add another to the list: The Bank of England unexpectedly increased interest rates on Thursday to 0.25%, becoming the first central bank in the Group of Seven to deliver such a hike since the start of the pandemic.

Source: bloomberg.com

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Dec-19, 2021 UK Omicron News And Updates, By Forex Forum​

Nations across Europe are moving to reimpose tougher measures to stem a new wave of Covid-19 infections spurred by the highly transmissible Omicron variant, triggering calls for protests from Paris to Barcelona.​

Deputy First Minister Michelle O'Neill has warned that Omicron will hit Northern Ireland "like a ton of bricks".

Ms O'Neill said modelling presented to Stormont ministers suggests that in a worst-case scenario, the region could be facing 30,000 cases a day.

Executive ministers are involved in ongoing discussions about the situation ahead of a formal meeting on Wednesday, when it is expected new restrictions to be applied after Christmas will be announced.

But Ms O'Neill told the BBC Sunday Politics programme that ministers will act before then if it is deemed necessary.

On the Other hand, As case numbers escalated, alarmed ministers in France and Austria tightened travel restrictions. Paris cancelled its New Year's Eve fireworks.

Denmark closed public venues including theatres, concert halls, amusement parks and museums. Ireland imposed an 8pm curfew on pubs and bars, and limited attendance at indoor and outdoor events.​

Irish Prime Minister Micheál Martin captured the sense of the continent in an address to the nation, saying the new restrictions were needed to protect lives and livelihoods from the resurgent virus.

Source: stuff.co.nz

Elsewhere, Frost said the process of leaving the EU would be a long-term job.

"That is why we agreed earlier this month that I would move on in January and hand over the baton to others to manage our future relationship with the EU,'' he stated in his resignation letter.

However, the Mail on Sunday said earlier that he resigned because of growing disillusionment with Johnson's policies.

The newspaper said Frost's decision was triggered by last week's introduction of new pandemic restrictions, including a requirement that people show proof of vaccination or a negative coronavirus test to enter nightclubs and other crowded venues.

And in his resignation letter, Frost said the UK needed to "learn to live with Covid."

On the other hand, Dutch shopkeepers say they have been "broken" by the Netherlands' new Christmas lockdown, which has come into effect.

"Nowhere in Europe is there such a strict regime as in the Netherlands," said Jan Meerman, the director of INretail, the Dutch retailers association.​

He added: "From a health perspective, I understand that something needs to be done, but then it is important that the cabinet also makes a grand financial gesture and generously reimburses entrepreneurs. As far as we are concerned, 100% compensation. Many colleagues are still heavily indebted from the first lockdowns, they can't take this any more … They are broken by these harsh measures."

As of Sunday, all non-essential stores, bars and restaurants in the country are closed until at least 14 January, and schools and universities shut until 9 January.

Source: theguardian.com

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Dec-25, 2021 Financial News and Updates By Forex Forum​

Brown Thomas and Arnotts have been sold as part of a £4 billion (€4.7 billion) deal to a Thai/Austrian consortium. The two department stores form part of the Selfridges group, which is being sold by the Weston family to Central Group, owned by by the Chirathivats, one of Asia's wealthiest families, and Signa Holding of Austria.

The two have formed a joint venture to buy the high-end retail business, with ownership to be split in a 50-50 partnership, according to a statement issued late on Thursday.

No price was disclosed but Bloomberg previously reported the Weston family was considering a £4 billion approach and had appointed Credit Suisse as an adviser in June.

The Weston family has owned Brown Thomas since the 1980s and acquired Arnotts in 2015. The family bought Selfridges in London in 2003, with the group's expansion led by Galen Weston, who died earlier this year. Selfridges operates 18 department stores and a total of 25 stores worldwide across its five brands.

On the other hand, The website of the flight tracking firm FlightAware showed that 2,175 flights around the world had been scrapped on Christmas Eve, a typically heavy day for travel. Around a quarter of those were in the US. Another 1,779 flights were scrapped worldwide on Christmas Day, along with 402 more that had been scheduled for Sunday.

The bulk of the cancellations came from five firms, with China Eastern cancelling 474 journeys, while Air China scrapped 188. United cancelled 177 flights, Air India 160 and Delta called off 150.​

Elsewhere, Credit Suisse is seeking information through the U.S. courts which could lead to it taking legal action in Britain against SoftBank Group Corp to recover funds it says are owed to its Greensill-linked supply chain finance funds, U.S. court documents show.

Switzerland's second-largest bank has been working to recover funds from the collapse of some $10 billion in funds linked to insolvent supply chain finance firm Greensill.​

Credit Suisse (CSGN.S) declined comment, while SoftBank (9984.T) did not immediately respond to a request for comment.

The Swiss bank has been focusing on some $2.3 billion in loans provided by Greensill, which imploded in March, to three counterparties including SoftBank-backed Katerra, for which late payments have accrued.

Katerra filed for bankruptcy in June, and had estimated liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion, according to court filings at the time.

Another news is, A Moscow court slapped Google with an unprecedented hefty fine of nearly $100 million on Friday as Russia ramps up its pressure on foreign tech giants.

Moscow has piled fines on the world's biggest internet platforms, accusing them of not moderating their content properly and interfering in the country's affairs.​

But so far fines on Facebook parent company Meta, Twitter, and Google have stretched into the tens of millions of rubles, not billions.

However on Friday a Moscow court fined Google a record 7.2 billion rubles, ($98 million, 86 million euros), the court's press service said on Telegram, for repeatedly failing to delete illegal content.

The content was not specified, but Russia regularly takes legal action for not removing content it labels illegal, such as pornographic material or posts condoning drugs and suicide.

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DEC-27, 2021 European Stock Market Latest News and Updates By Forex Forum.​

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The European stock market is showing a fair growth push on Monday amidst the entire holiday season frenzy, and the persistent fears of the Omicron variant of the coronavirus pandemic. While the German DAX PERFORMANCE-INDEX (INDEXDB: DAX) is up 0.15% to 15,780.52, and the French CAC 40 (INDEXEURO: PX1) also recorded a slight bump of 0.058% to 7,090.67, the FTSE 100 Index (INDEXFTSE: UKX) deviated from the bullish course with a 0.017% 7,372.10.

Investors are still weighing the potential impact of the Omicron variant of the coronavirus which has now been shown to be less deadly when compared to the Delta variant. Despite this positive assurance, the Omicron variant spreads and mutates very quickly and has stirred a new wave of restrictions and lockdowns by several European governments.

Will European and Global Stock Market Hold-Up With Potential Vaccine Efficacy?
Since the advent of the coronavirus pandemic as a whole, the confidence many governments leaned on to restore free travel and an open economy was based on the efficacies of vaccines developed by the hoard of pharmaceutical companies around today.

According to trials conducted by Moderna Inc (NASDAQ: MRNA) per the efficiency of its mRNA-1273 vaccine on the new variant of the coronavirus, the company said its approved booster shots can prevent illness by boosting human's antibodies.

Source: coinspeaker.com

On the other hand, Should Draghi become head of state, analysts have said that could increase Italian risk premium, arguing that snap elections would be the worst-case scenario.

Italy's 10-year government bond yield rose as much as 5.5 basis points to 1.179%, its highest since Nov. 1.

"From a market perspective, there cannot be a better prime minister than Mario Draghi in Italy. His credibility is unmet by any other potential candidate who might take over," Valentijn van Nieuwenhuijzen, CIO di NN Investment Partners, said.

However, Germany's expected less stringent fiscal policy approach might support peripheral bond prices in 2022 ahead of reform of the European Union's stability pact.

"Germany's new political stance combined with the EU recovery plan provides a more supportive backdrop for peripheral bonds, which is the main reason why we don't anticipate big shocks in the government bond market," van Nieuwenhuijzen added.

Source: reuters.com

Elsewhere, Travel-related stocks, typically sensitive to news around the coronavirus, slid after U.S. airlines called off many flights for a third day on Sunday as surging COVID-19 cases forced Christmas weekend travelers to change plans.

Delta Air Lines (DAL.N) United Airlines , American Airlines (AAL.O) and Southwest Airlines (LUV.N) dropped between 1.6% and 2.1% premarket. Cruise operators Norwegian Cruise Line Holdings (NCLH.N), Royal Caribbean (RCL.N) and Carnival Corp (CCL.N) fell 2.5%-3%.

"The market will continue to rally even though the virus fear factor remains prevalent in the market," Cardillo said.

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European Stock News and Updates Jan-05, 2022, By Forex Forum.​

European stock indexes rose after a shaky start on Wednesday and Wall Street futures were mixed, as the optimism with which markets started the year showed some signs of waning while investors waited for key Federal Reserve meeting minutes to be released.

Equities fell in the Asian session, following a 1.3% drop in the Nasdaq on Tuesday, as higher U.S. Treasury yields hurt technology stocks.​

With investors expecting the Federal Reserve to begin hiking interest rates as early as March, U.S. Treasury yields jumped on Monday and Tuesday. But on Wednesday they pulled back slightly, with the U.S. 10-year yield at 1.6491% at 1205 GMT, compared to the previous session's peak of 1.686%, which was the highest since late November.

The shift in market focus back to prospects for U.S. rate hikes has revived a rotation out of growth-sensitive stocks, such as tech firms, into ones that offer income, such as financials and industrials.

Source: reuters.com

On the other hand, London's FTSE 100 eked minor gains on Wednesday morning, though European peers made more confident strides, despite economic data showing the Omicron variant has weighed on eurozone growth and as traders awaited a key US central bank update.​

Ahead of the market open in New York, focus will be on tech stocks as rising US Treasury yields and valuation worries hit the sector on Tuesday.

The FTSE 100 index was up 14.50 points, or 0.2%, at 7,519.65 midday Wednesday. This built a little on a confident start to 2022 for London's flagship index, which added 120 points on Tuesday.

The mid-cap FTSE 250 index was down just 1.62 points at 23,895.03. The AIM All-Share index was down 0.64 of a point, or 0.1%, at 1,212.21.

The Cboe UK 100 index was up 0.3% at 745.89. The Cboe 250 was up 0.1% at 21,271.88, and the Cboe Small Companies up 0.2% at 15,565.49.

The CAC 40 in Paris was up 0.5% and the DAX 40 in Frankfurt advanced 0.6%.​

The FTSE 100 hit a high of 7,527.28 points on Wednesday, its best level for nearly two-years. Though Wednesday's gains were a lot more cautious than Tuesday's rally, the FTSE's strong start to the year has continued.

Source : morningstar.co.uk

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Jan-13, 2022, European economical news and Stock market Updates, By Forex Forum.​

The euro zone's inflation spike is not as transitory as earlier thought and price growth this year is at risk of exceeding projections, European Central Bank Vice President Luis de Guindos said on Thursday.

Inflation hit 5% last month, the highest on record for the 19-country currency bloc, but the ECB expects it back under its 2% target in both 2023 and 2024, even without policy tightening, as one-off pressure ease.

"Inflation is not going to be as transitory as forecast only some months ago," de Guindos told a UBS event. "The assessment of risk for inflation is moderately tilted to the upside over the next 12 months."

He added that energy costs are likely to remain elevated while supply-side bottlenecks continue to exert upward pressure on prices.

On the other hand, European stocks were down Thursday, while London's FTSE 100 was hovering near flat, with the index pulled in different directions amid a wave of quarterly earnings releases.​

Federal Reserve officials are signaling that an interest-rate rise could come as soon as March. The Fed's James Bullard said Wednesday that four rises were likely in 2022. Governor Lael Brainard is scheduled to speak in front of the Senate Banking Committee at 10 a.m. ET in her nomination hearing to become vice chair and investors are waiting to hear her views on inflation and the economic recovery.

"The main story is the market view on the central bank's next steps. The market is balancing two things: less support from monetary policy, but overall the underlying economy is good and we think the earnings figures that will start to come out now will be quite strong," said Luc Filip, head of investments at SYZ Private Banking.

Total forward sales value was GBP1.62 billion as of Dec. 31, compared with GBP1.69 billion a year earlier. "With approaching 300 sites in operation, Persimmon has a lot of moving parts," Hargreaves Lansdown fund manager Steve Clayton said.

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Jan-17, 2022, European Economical news and updates, By Forex Forum.​

Euro finance chiefs on Monday engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.

Finance ministers from the 19 nations that share the common euro currency pledged continued budgetary stimulus for the European economy amid headwinds caused by the highly transmissible omicron variant. At the same time, they sought to reassure voters by pledging vigilance over sharp price rises.

"Am I concerned about inflation? Obviously so,″ Dutch Finance Minister Sigrid Kaag told reporters in Brussels before entering a meeting with her euro zone counterparts. "The purchasing power of the individual citizens will be affected."​

The euro zone faces a slowdown in economic growth this year after a solid recovery in 2021 from a severe coronavirus-induced recession two years ago. But surging inflation, which reached a record 5% in December and is tied to an energy-market squeeze, has complicated the picture — for both policymakers and voters.

"The economic emergency caused by the coronavirus is over and there is a danger, albeit probably a small one, of euro-area inflation staying too high for longer," Gros said Monday by phone.​

The euro region's gross domestic product is projected by the European Commission to expand 4.3% in 2022 after estimated 5% growth last year and a 6.4% contraction in 2020.

Still, the predicted growth is higher than projections of a maximum 4% GDP expansion this year in the U.S., where the central bank has warned about the economic threats of inflation and signaled an imminent tightening of monetary policy.

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