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Miners lead gains, oil jumps as war and rate hikes rattle nerves

Miners lead gains, oil jumps as war and rate hikes rattle nerves

© Reuters. FILE PHOTO: Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato By Elizabeth Howcroft LONDON (Reuters) -European stock indexes rose Tuesday and U.S. and European government bond yields extended…

Turkish finance minister says rise in energy prices accelerating inflation

Turkish finance minister says rise in energy prices accelerating inflation

ISTANBUL (Reuters) – Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would continue working to lower it, adding that the lira’s recent decline was within “acceptable” levels. Inflation hit 54% in February and economists expect it to continue rising towards 70%…

ECB’s Holzmann argues again for rate rise

ECB’s Holzmann argues again for rate rise

© Reuters. European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a news conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard Foeger ZURICH (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates…