Volatile week as investors assess recession prospects

LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed recession inflation and fears of an economicion. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all … Read more

Best cities around the world to take a working vacation

Americans don’t need a passport to get to the No. 1 global city to take a working vacation. Kansas City, Missouri, was named the best city in the world to work during the day and explore after hours without having to use too much of your PTO time, according to a recent analysis from Icelandair. … Read more

Jordan’s king says he would support a Middle East version of NATO

Jordan’s King Abdullah II said he would support the formation of a Middle East military alliance similar to NATO, and that it can be done with countries that are like-minded. The kingdom works actively with NATO and sees itself as a partner of the alliance, having fought “shoulder-to-shoulder” with NATO troops for decades, the monarch … Read more

Russia and NATO member Lithuania are clashing over Kaliningrad

A sign reading ‘Kaliningrad’ stands atop the main city’s south railway station. Kaliningrad is a small Russian exclave located on the Baltic Sea and sandwiched between Lithuania and Poland. It has become the center of a spat between Russia and NATO-member Lithuania. Harry Engels | Getty Images Sports | Getty Images A new front in … Read more

China real estate troubles sent debt indicator to record high

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CPHOTO | Future Publishing | Getty Images … Read more

100 bps rate hike is ‘medicine to stop this inflation’

Wharton’s Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be “close to the bottom.” A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” the Wharton professor of finance at the University of Pennsylvania told CNBC on Wednesday. “The … Read more

European stocks open to close as markets are rattled by central banks

LONDON — European stocks advanced on Tuesday after sharp declines in global markets on Monday, amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high. The pan-European Stoxx 600 added 0.7% in early trade, with banks climbing 1.7% to lead gains as all sectors and major bourses moved … Read more

European markets open to close, stocks, data, earnings

LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on … Read more

Russia cuts key interest rate back to prewar level

National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment … Read more

Europe markets open to close after ECB meeting; US inflation data ahead

LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected US inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday … Read more