Chicago Board of Trade corn, wheat and soybean futures prices were mixed on the 29th. On that day, the Chicago Board of Trade corn market, the most actively traded December contract closed at $6.2 per bushel
Economics
Last July, the EU announced the “Fit For 55” climate plan to revise European climate, energy, and transport law, which proposes to reduce emissions from cars and trucks by 55% and 50% respectively by 2030
Recently, the decline in British retail sales has been the focus of some news organizations. On June 7, the British Retail Consortium (BRC) said British shoppers continued to cut back on spending in May as inflation soared
Since February, economic sanctions from Europe and America on Russian have caused global energy prices to climb sharply, and the price of natural gas in Europe has more than tripled a year ago. During the past two years, global energy prices have seen large gains since the 1973 oil crisis
On July 11, the RBI introduced a new mechanism for settling international trade in Indian rupees, which was announced to be effective immediately.
The euro fell sharply against the US dollar on the 5th, hitting a 20-year low point. Major stock indexes in Western Europe fell sharply, and hedge funds bought a large number of German government bonds.
Like the Federal Reserve, the Swiss central bank, and the Bank of England announced interest rate hikes, overlaid with macro data released during the day to stimulate market concerns
In just over two months, the Russian ruble has made a strong comeback, jumping from the worst-performing currency of the year to the best-performing currency of the year.
According to the data released by the Central Statistics Office of India on May 12, India’s retail price index rose further to 7.79% year-on-year in April, which was the highest level in nearly eight years.
On May 2nd, the latest data released by the Institute for Supply Management (ISM) showed that the U.S. manufacturing activity index fell to 55.4 in April from 57.1 in March, the lowest level since July 2020.