MARKET UPDATE

U.K. Economy Sees Best Annual Growth Since World War II in 2021

The U.K. economy expanded at the fastest pace since World War II last year after suffering a milder hit than expected in December.

The 7.5% expansion was the largest since 1941 and made Britain the fastest-growing advanced economy in 2021. Gross domestic product fell 0.2% in December as the spread of the omicron variant kept consumers at home.

 

Volvo Cars profit lags forecasts hit by supply chain woes

Volvo Cars on Friday posted fourth-quarter earnings below expectations pressured by global supply shortages despite strong demand for its vehicles.

Profits at the carmaker, which listed on Nasdaq Stockholm in October, were also dented by raw material costs and accounting changes at EV venture Polestar, in which it owns a 49% stake.

 

European stocks open lower after hot U.S. inflation raises rate hike bets

European stock indexes fell on Friday and the U.S. 10-year yield held close to 2% after red-hot U.S. inflation data that prompted investors to expect tighter monetary policy from the Federal Reserve.

U.S. consumer prices showed the biggest annual increase in 40 years, data released late on Thursday showed.

 

European stocks open lower after hot U.S. inflation raises rate hike bets

European stock indexes fell on Friday and the U.S. 10-year yield held close to 2% after red-hot U.S. inflation data that prompted investors to expect tighter monetary policy from the Federal Reserve.

U.S. consumer prices showed the biggest annual increase in 40 years, data released late on Thursday showed.

 

 

 

 

Important Note: The information found on Ausprime platform is intended only to be informative, is not advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not include any specific investment objectives, financial situation and needs of any specific person who may receive it. The past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statement