Other news

On Monday Apple Inc said that the new iPhone 14 will be manufactured in India. Since India is considered to be one of the largest smartphone markets in the world, JPMorgan analysts expect Apple to move some of their production to this country.

Atlanta Fed President Rafael Bostic said he still believes the U.S. central bank can curb inflation without significant job cuts, given the continued momentum of the economy.

Boeing Co will pay 200 million dollars to settle civil charges leveled by the U.S. Securities and Exchange Commission. According to legal action, the company had provided the investors with the wrong information concerning the state of the airplane 737 MAX.

The previous week was significant for the world markets. Central banks and governments have put even more effort into fighting inflation.

In the coming week, investors have to analyse a huge amount of economic reports like the latest data on PCE inflation (the Fed's preferred inflation gauge), durable goods orders, consumer confidence and new housing sales.The third estimate of US GDP for the 2nd quarter should also be published.

The pound sterling fell to its record low on Monday as frightened investors poured into the US dollar. According to Rabobank strategist Michael Every, investors should be buying the dollar as a risk-free trade and that is all they can really do.

According to the recently published survey data, around a million people in Australia will acquire cryptocurrency within the following year for the first time, therefore, resulting in increasing numbers of cryptocurrency owners in the country, which generally exceed the number of 5 million.

The fast-food restaurant chain McDonald's in Japan announces a price increase on about 60% of menu items to eaters. This is influenced by rising input costs and currency fluctuations.

According to the report of an International Energy Agency (IEA), global sales of electric vehicles doubled in 2021, adding up to nearly 10% of the automobile market. In 2022, they are expected to break another record and represent 13% of total volume of light duty vehicle sales globally.

The U.S. exchange Nasdaq is taking its first steps into crypto services with a focus on security, going into market with its own product for bitcoin and ether that targets institutional investors.