The US Federal Reserve's benchmark interest rates are its highest since 2006. European Central Bank rates are even the highest in its history. Will European and US monetary policy continue to tighten in the upcoming months, or are we at the peak of the interest rate cycle? What could be impact the situation? Data on inflation and economic activity in both the US and the euro area might provide the answer.
Shares of Tesla, the most valuable car company, have undergone a whirlwind progress over the past three years. Its value fell by around two-thirds over the past year, only to rise by more than 120 per cent at the beginning of 2023.* Tesla founder and key owner Elon Musk appears to enjoy playing with investors and trying their patience. Among other reasons, the announcement of the brand's new electric car models is once again... pending.
Tension between workers and management at Woodside and Chevron, two companies operating in Australia's gas fields, have eased after nearly two months. Disputes between the two parties ended up in a strike that ended only a week ago. Therefore, one of main suppliers of liquefied LNG is once again supplying mostly Asian customers, which is a positive message for the global market with natural gas. Yet, will this change bring cheaper gas not only to Europe?
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