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European markets close lower as Ukraine-Russia war weighs on sentiment; Pearson rises 8%

KEY POINTS . Global markets continue to be buffeted by events in Europe as Russia’s war on Ukraine wreaks death and destruction on the country The U.S. Federal Reserve is also in focus this week as it is expected to raise its target fed funds rate by a quarter percentage point at the end of its two-day …

European markets close lower as Ukraine-Russia war weighs on sentiment; Pearson rises 8% قراءة المزيد »

Hong Kong’s Hang Seng index drops about 5% as investors monitor China’s Covid wave

KEY POINTS Shares in Asia-Pacific were mixed on Monday . Hong Kong’s Hang Seng index dropped 4.97% on the day, leading losses among the region’s major markets as Chinese tech stocks took a beating . China is currently undergoing a wave of Covid infections — its worst outbreak since the country clamped down on the …

Hong Kong’s Hang Seng index drops about 5% as investors monitor China’s Covid wave قراءة المزيد »

Dollar steadies, yen holds near five-year low

      The dollar slipped as European markets opened on Monday, but was still near a five-year high versus Japan’s yen as investors braced for a busy week of major central bank meetings After uncertainty about the war in Ukraine prompted a market sell-off on Friday, stock markets rebounded on Monday and commodity prices …

Dollar steadies, yen holds near five-year low قراءة المزيد »

Oil falls on Russia/Ukraine talks and new lockdowns in China

    Oil prices fell by around $5 a barrel on Monday as investors pinned hopes on diplomatic efforts by Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets Brent was down by $6.09, or 5.4%, at $106.58 per barrel. West Texas Intermediate crude futures slid $6.38, or …

Oil falls on Russia/Ukraine talks and new lockdowns in China قراءة المزيد »

Gold slips as Fed rate hike bets lift Treasury yields

    Gold prices fell on Monday as U.S. Treasury yields rose on rate hike expectations, with higher risk appetite on hopes of peace between Russia and Ukraine denting bullion’s safe-haven appeal further Spot gold fell nearly 1.2% to $1,960.51 per ounce. U.S. gold futures slid 1.1% to $1,963.8 per ounce “One key reason is surging treasury …

Gold slips as Fed rate hike bets lift Treasury yields قراءة المزيد »

European markets close higher amid renewed hopes for Ukraine-Russia talks

KEY POINTS . Global attention remains on the war in Ukraine after a weekend of intensified fighting around capital Kyiv, while Russian forces bombarded cities across the country, killing civilians who are unable to escape . Talks are taking place again on Monday in a bid to establish a solid ceasefire and find room for any compromise …

European markets close higher amid renewed hopes for Ukraine-Russia talks قراءة المزيد »

Japan’s Nikkei falls 2% as shares in Asia decline; Chinese tech stocks in Hong Kong drop

KEY POINTS The Nikkei 225 in Japan fell 2.05% on Friday, shedding some of its nearly 4% gain on Thursday, with shares of conglomerate SoftBank Group dropping 6.21% . Hong Kong’s Hang Seng index, which earlier fell more than 3%, partially recovered but still closed 1.61% lower at 20,553.79 as Chinese tech stocks listed in …

Japan’s Nikkei falls 2% as shares in Asia decline; Chinese tech stocks in Hong Kong drop قراءة المزيد »

Sterling dips as haven demand supports dollar

Sterling slipped to a 16-month low on Friday against the safe-haven U.S. dollar and was heading for its third consecutive weekly decline as stronger-than-expected UK economic growth did little to support the pound The Office for National Statistics said Britain’s economy grew 0.8% in January, the strongest monthly expansion since June and more than forecast …

Sterling dips as haven demand supports dollar قراءة المزيد »

Oil rises but set for weekly loss as traders assess supply disruptions

    Oil prices rose Friday but were still headed for a weekly decline as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market Benchmark futures have soared since Russia’s invasion of Ukraine and hit their highest levels since 2008 at the start of …

Oil rises but set for weekly loss as traders assess supply disruptions قراءة المزيد »

Gold dips on rate hike bets, set for weekly rise on Ukraine

  Gold eased on Friday, consolidating at the end of a volatile week as investors sized up potential rate hikes from the U.S. Federal Reserve, but analysts warned an escalation in Ukraine could spur further safe-haven demand Spot gold was down 0.3% at $1,991.20 per ounce by 1050 GMT, but remained poised for a weekly …

Gold dips on rate hike bets, set for weekly rise on Ukraine قراءة المزيد »

Japan’s Nikkei jumps about 4% following oil drop; Nio sees gains fizzle in Hong Kong debut

KEY POINTS Shares in Asia-Pacific rose on Thursday . The Nikkei 225 in Japan led gains among the region’s major markets as it jumped 3.94% to close at 25,690.40. . Shares of Chinese electric vehicle maker Nio started trading in Hong Kong on Thursday, in what is the firm’s secondary listing. The shares initially jumped …

Japan’s Nikkei jumps about 4% following oil drop; Nio sees gains fizzle in Hong Kong debut قراءة المزيد »

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