Currencies
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
Berenberg still in 'sell the rally mode', recommends stagflation hedge strategy
Equity strategists at Berenberg recommended investors stick with a stagflation hedge strategy.
How will EU's MiCA regulation affect Bitcoin and cryptos?
Companies offering cryptoasset-related services happily welcomed the news that the three institutional bodies of the European Union (EU), the European Parliament, Commission and Council reached an agreement on the text of the proposed cryptocurrency market regulation. The landmark cryptoasset markets legislation (MiCA) will introduce licensing of cryptocurrency companies and safeguards for their customers and the industry has been favorable to the measure which, however, contains controversial points for users such as the taxation of self-hosted wallets.
Euro drops to 20-year low against the dollar
The euro fell to a 20-year low against the dollar on Tuesday as investors scaled back expectations for more aggressive tightening by the European Central Bank.
China's economy rebounds as pandemic restrictions ease
The services sector rebounded strongly in China last month, data published on Tuesday showed, as strict Covid-19 restrictions were eased.
Eurozone growth slows to 16-month low
Eurozone growth slowed sharply in June, a well-regarded survey showed on Tuesday, as the dominant services sector started to cool.
RBA lifts interest rates for third month in a row
Australia’s Reserve Bank increased its key cash interest rate for the third time in as many months and warned of more action as it looked to stymie rising inflation.