European and American indices fell sharply yesterday amid risk aversion due to rising concerns about future rate hikes and tighter monetary policy, as well as fears about the impact of the Covid-19 crisis in China.
Because of lockdown measures around the country, growth in China might slow down. Yesterday, figures on China’s exports showed that export growth weakened to the lows of 2020.
All eyes will be on inflation data this week, as it might provide clues about whether inflation has reached a peak, and how central banks around the world might react to fight inflation without impacting growth prospects too much.
Ethereum = around $2,281
Bitcoin and Ethereum lost around 20% in 7 days.
USA - API Weekly Crude Oil Stock
Australia - Building approvals
OPEC monthly report
Europe - Industrial production