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They moved a little high they are morning with only the market out in switzerland. perhaps moving into some negative territory. that cpi, easing cpi number was significant impact into the local market in europe as well. even asia seeing positive trading as well. the big question marks are around whether the fed will continue to hike interest rates at what pace is perhaps the key element of the key question mark put in place. in europe then, key question this week, it will be around whether the uk entered that recession and what happens with the budgets that uk economy set to put out. that statement expected on thursday. yeah. the uk economy a little bit shaky to say the least. but actually i want to talk about something probably shakier, crypto and ftx. this is a train wreck. filed for bankruptcy. the ceo stepped down. first of all, what is going on? what effect is this having on the industry, the crypto
NumberHighMarketMarket-outTerritoryImpactSwitzerlandCpiEasing-cpiEuropeanPlaceQuestion-markA human catastrophe. those are the words the head of the world bank is using to describe the impact of soaring globalfood prices. david malpass has told the bbc that tens and possibly hundreds of millions of people around the world risk being forced into poverty if the crisis continues, and prices keep rising. he s been speaking to our economics editor faisal islam. we are expecting a big new addition to people in extreme poverty and, as i ve said, it s magnified because of the prices. when prices go up, the poor can t afford them, that s obvious, and they get crowded out of the market.
Human-catastrophePeoplePricesCrisisWestern-worldHeadRiskTensImpactBbc-newsPovertyMillions