Tag Archives: ING

“The housing market is looking increasingly vulnerable with a price correction possible,” says one economist. ING’s chief international economist James Knightley points to the rapid rise in home prices making it more challenging for prospective buyers to save for a deposit at a time when inflation is shrinking real incomes and confidence is suffering. “On top of this, the latest housing data shows that this sector is the most vulnerable to the rising rates environment with the growing… Source link

Don’t expect inflation to pass over very quickly, even with Fed rate hikes, a new ING report (ING) warns. The report, which was published by ING’s Financial and Economic Analysis team, analyzed the latest Labor Department jobs report and noted that consumers and businesses alike being burned by inflation will likely have to wait a while before seeing any real relief from inflation. “In an environment of decent corporate pricing power where firms can pass cost increases onto customers,… Source link

ING PROFILEING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US,… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link