Bloomberg Hungarian inflation continued to accelerate as the effects of record pre-election spending, weaker currency and a surge in oil prices following Russia’s invasion of Ukraine fed through to prices across the economy. Consumer price rises an annual 8.5% in March, the highest level since 2007, the Budapest-based statistics office said in a statement. The median estimate in a Bloomberg ...

  Bloomberg European equities started the week on a negative note as investors weighed an array of risks from China’s Covid-19 flare up to an uncomfortably tight race for the French presidency, surging bond yields and the war in Ukraine. The Stoxx 600 Europe Index falls 0.2% as of 8:52 am in London, tracking Asian stocks lower. Technology stocks were ...

  Bloomberg Bitcoin’s tendency to move in tandem with technology stocks means the biggest cryptocurrency may slump to $30,000 by June, according to Arthur Hayes, the co-founder of crypto trading platform BitMEX. Hayes, in a blog post on Monday, also said the same dynamic could drive Ether to $2,500. The tokens traded at around $42,300 and $3,180, respectively, at 12:43 ...