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According to the Wall Street Journal, Accenture also participated in AlphaSenses funding round.According to the Wall Street Journal, JPMorgan Asset Management participated in a funding round for Alphasense, a U.S. financial information and market intelligence platform.June 3 – According to a Reuters poll of economists, the European Central Bank (ECB) will raise its deposit rate to 2.25% on June 11, with a possible further increase in September, as the central bank weighs energy-driven inflation against a weak economy. Inflation in May was 3.2%, well above the ECBs target of 3.0%. More worryingly, core inflation rose faster than expected, reaching 2.5%, indicating the impact of the war in Iran is pushing up prices. Recent indicators, including PMI surveys and official data, suggest an economic slowdown. With the war lasting over three months and no clear solution in sight, the situation could worsen further, and the Strait of Hormuz remains severely congested. Most policymakers have made it clear that a June rate hike is inevitable, and even a peace agreement is unlikely to prevent it. However, economists believe that factors such as a weak economy, a softening labor market, and already high interest rates compared to the surge in inflation expected in 2022 suggest that aggressive tightening is not advisable.June 3 - The European Central Bank (ECB) is expected to raise its key interest rate next week, the first time since 2011. This move aims to send a clear signal about inflation to the market as the eurozone economy faces the risk of recession. However, the situation in 2011 differed significantly from policymakers expectations, leading economists to worry that a repeat could occur. In 2011, the ECB raised its key interest rate twice in response to rising oil prices. However, policymakers misjudged the state of the eurozone economy, which was mired in a debt crisis. The rate hikes were quickly reversed, and the ECB lost credibility for failing to properly understand the severity of the economic challenges facing the eurozone. "It took them 10 years to regain their credibility, and now theyre going to repeat the same mistakes," said Sami Char, chief economist at Lomar de Odier. Holger Schmidlin, chief economist at Berenberg Bank, stated, "The ECBs planned rate hike in June might mitigate the impact to some extent, causing less damage, but further rate hikes could delay the economic recovery following the Iran crisis and could even plunge the Eurozone into an unnecessary short-term recession."Intel (INTC.O) shares extended gains to 7.8% in pre-market trading after five consecutive days of declines.

Brent Crude Rose 15% in A week Due to Australian Export Restrictions on Aluminum

Haiden Holmes

Apr 02, 2022 09:57

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The daily chart indicates that the price has recovered from the 50 MA and is now aiming for the 20 MA after three straight rising sessions. Since December, the long-term bull momentum has remained intact, as evidenced by the rising trend line connecting the lows.


The four-hour chart also demonstrates the price's strength, as the candlestick has now violated all significant moving averages and is stuck to an upward trajectory.


The next level of resistance is $3638, which will assist the metal in recouping all of its losses over the last two weeks. The price will be supported by the months-long trend line at roughly $3268 per ton.

Brent Crude Oil

Brent crude oil prices have been rising for six consecutive days and have jumped more than 6% to begin the new week. Brent Crude, the worldwide benchmark, is trading as high as $114.80 a barrel on Tuesday, having gained more than 15% in the previous week. The price increases as EU foreign ministers convene in Brussels to consider more measures against Russia.


Two weeks ago, the price of the most critical energy plummeted from a decades-high level and is now seeking to reclaim its peak. The daily chart indicates that the price has risen above the short-term indication and is now trading above the 20-day moving average, with the 50-day and 100-day moving averages still some distance away.


In the short term, the level of $117.4 will act as a critical stumbling block before the market re-enters the $120 plus zone. From the daily trend line, a support level between $108 and $109 may be seen.


Sentimentally, the RSI on the hourly chart has entered oversold territory, which might halt the bull-bias purchasing in the short term. However, the RSI level on the daily chart remains below the average for the last two months, indicating that the price may nudge higher.

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