Day: July 4, 2022

Argentina

On Saturday, Argentina’s economy minister Martin Guzman resigned, marking the biggest departure of president Alberto Fernandez’s government after infighting within the ruling coalition escalated. Over

Peru

Peru’s annual inflation rate accelerated to a 25-year high of 8.81% in June from 8.09% in May due to soaring prices of food and energy.

Ghana

Ghana will begin talks with the IMF to support a government economic program, reversing a policy decision not to seek assistance from the multilateral lender.

Nigeria

The EU will provide $1.3bln to support Nigeria’s agriculture, climate and digital projects. The county is encouraging investments in agriculture and technology-based infrastructure to reduce

Uzbekistan

On Saturday, Uzbekistan announced a month-long state of emergency following a rare public protest prompted by planned constitutional changes that would have stripped Karakalpakstan of

Bosnia

At the NATO summit, several announcements were made in light of the ‘changed security environment in Europe’. According to Stoltenberg, new measures will be introduced

Belarus

Belarus president Lukashenko gave a speech on the eve of Independence Day to threaten ‘the decision-making centers’ of Western capitals in the event of an attack

Ukraine

Ukraine is already focused on its rebuilding plan and will submit a 2,000-page long blueprint during the 4-5 July conference in Lugano. The plan outlines a

Russia

Over the weekend, Russian missile strikes hit an apartment building and a recreation center near Odesa, killing 17 people. The battle for Lysychansk also continued

Pakistan

Pakistan’s annual inflation surged to 38.9% in June from 29.6% in May, the highest reading in thirteen years. A surge in global commodity prices, a

China

China’s central bank will support two policy banks to raise 300bln yuan ($44.8bln) by selling financial bonds and other methods to finance infrastructure projects in

China

China’s yuan and Russia’s ruble trading volume surged to a six-month high in June as the country’s exports to Russia ramped up. Meanwhile, China continued

Indonesia

Indonesia’s annual inflation rose above the central bank’s target range to 4.35% in June from 3.55% in May, the highest reading since June 2017. Last

Russia

S&P 500 futures fell 0.7% and Nasdaq 100 futures fell 0.8%. US 10Y treasury yields declined 13bps to 2.88%. Crude oil held above $108 per