Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine Brent crude futures were up 1.7% at $113.02 per barrel. The benchmark …
Oil rises as market weighs OPEC filling Russia supply gap قراءة المزيد »
The euro rose on Wednesday, briefly nearing $1.10, supported ahead of this week’s European Central Bank meeting by reports that European Union countries were discussing joint bond issuance to finance energy and defense spending After touching a 22-month low on Monday of $1.0806, the euro stood at $1.0968 at 7:20 a.m. ET, …
Euro rallies ahead of ECB meeting, Poland’s zloty and Hungary’s forint surge قراءة المزيد »
KEY POINTS Brent crude futures were up $2.91, or 2.27%, at $130.89 a barrel at 0520 GMT, after jumping 3.9% the previous day . U.S. West Texas Intermediate (WTI) crude futures were up $2.34, or 1.89%, at $126.04 a barrel, after also surging 3.6% on Tuesday . . Oil slipped towards $125 a barrel in …
KEY POINTS . Spot gold fell 1.6% to $2,018.98 per ounce by 7:39 a.m. ET, snapping a four-session rally that took it to within reach of the August 2020 all-time high. U.S. gold futures fell 0.9% to $2,024.00 . . Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets …
Gold, palladium retreat from highs as risky assets stabilize قراءة المزيد »
KEY POINTS U.S. President Joe Biden announced on Tuesday that the U.S. will ban imports of Russian oil, marking a major escalation in the international response to Moscow’s invasion of Ukraine . Corporate earnings continue to roll in across Europe, with Vivendi, Adidas, Continental, Deutsche Post, L&G and Prudential among the big names reporting on …
KEY POINTS Asia-Pacific stocks fell on Tuesday, with mainland Chinese stocks leading losses regionally the Russia-Ukraine war continued weighing on investor sentiment . The S&P 500 dropped nearly 3% overnight amid fears that higher energy prices stemming from the Russia-Ukraine war could impact the economy and worsen inflation . Investors continued to monitor moves in …
Oil prices see-sawed near 14-year highs on Tuesday as the United States considered acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies. Brent crude futures advanced 3.6%, or $4.42, to trade at $127.73 per barrel U.S. West …
Oil see-saws near 14-year highs as U.S. weighs Russia oil embargo قراءة المزيد »
KEY POINTS The pan-European Stoxx 600 finished down by 0.36% after fluctuating for much of the day. Banks jumped 2% while media stocks fell 3.6% . President Joe Biden on Tuesday announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine . . …
KEY POINTS Asia-Pacific stocks declined on Monday as the war between Russia and Ukraine continues weighing on investor sentiment . U.S. Secretary of State Antony Blinken said Sunday Washington and its allies are considering banning Russian oil and natural gas imports . China’s exports rose 16.3% year-on-year in dollar-denominated terms in the January-February period, official …
KEY POINTS U.S. Secretary of State Antony Blinken told NBC on Sunday that Washington is in “very active discussions” with European governments about banning imports of Russian crude . Such a move could pose a risk of stagflation — a period of slow economic growth and high unemployment coupled with high inflation — for the …
European stocks close lower on fears Russia-Ukraine crisis will lead to ‘stagflation’ قراءة المزيد »
Spot gold was up 0.59% to $1,980.07 per ounce, shortly after 10 a.m. ET, after briefly hitting its highest price since Aug. 19, 2020 . Palladium was down 2.47% at $2,928.09 per ounce, after hitting an all-time high of more than $3,440 earlier in the day U.S. gold futures rose about 1.05% to …
Gold briefly crosses $2,000 mark, palladium hits record high on Ukraine crisis قراءة المزيد »
KEY POINTS Shares in Asia-Pacific were mixed on Thursday . A private survey showed Thursday slowing Chinese services activity growth in February, with the Caixin/Markit services Purchasing Managers’ Index coming in at 50.2 for that month. That compared against January’s reading of 51.4 . OPEC and its allies decided Wednesday to hold production steady despite …
