Invest news

Greg Dako, chief economist at EY-Parthenon, warned in a new research note that there is a 35% and 40% chance that the U.S. economy will decline over the next year. The U.S. economy could face a recession next year as persistently high inflation and increasingly aggressive Federal Reserve

Euribor's annual lending rate rose to 0.35% (see chart below). The last time first-round banks lent to each other at this rate was in late 2014, before the ECB launched its massive QE program. So it appears that in July we will indeed see the ECB raise the rate

Investors are actively selling bonds, expecting a rate hike from the ECB. Today another disappointing data on industrial inflation in Europe came out - producer inflation rose to 36%. Treasury bond yields are the benchmark for the EU. Rising bond yields are impacted by rising lending rates in Europe, as

Inflation in the world's biggest economies is at historic highs, and GDP is contracting. "This will be a stagflationary year in the eurozone. Higher energy prices will keep inflation high, reduce household incomes and undermine business confidence," Andrew Cunningham, Capital Economics' chief economist for Europe. Germany is one of the

Energy trading companies such as Vitol Holding , Trafigura, Gunvor and Mercuria Energy are hiding their quarterly results. The companies have been reluctant to disclose their trading in recent months, hiding speculative operations. Traders have previously turned to the ECB to secure additional funding because of margin calls on the London