Russian Invasion of Ukraine
On paper ceasefire talks go on but in reality there is no progress. Each side blames each other on difficulties. The European countries are supporting Ukraine with weapons aids. The solution seems far away right now and this is creating a hard time for whole markets especially energy markets are being affected severely.
China Keeps Loan Rate Unchanged
Chinese economy feels the pressure caused by real estate sector uncertainty and that's why it tries to encourage people to spend some more. The Real Estate Sector is responsible of %30 of total GDP that means any slowdown there will affect the whole market. This week Evergrande Group announced that they will find solutions on their debts but after July. Local banks seized 2 Billion USD that belonged to one of Evergrande's Subsidiaries. This has worsened the outlook of foreign bond investments to China.
FED Speeches Affect The Market
US FED Chair Powell is becoming more and more hawkish these days. As their all predictions regarding the US Economy outlook fails they lose their credibility. The Inflation is rising because of demand issues they want to fix with high interest and this will probably trigger a slowdown even a recession in the US Economy.
UK Inflation Goes Up Again
This morning we have received the inflation rate of the UK and it has reached 6.2%. Skyrocketing energy prices are pushing the inflation rates to record levels that have not seen recent decades. The Bank of England is expected to be more hawkish to curb inflation rate just like US FED Officials. Personal spendings are expected to decrease with these rate hikes.
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