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The flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in March from -8.8 the month prior, data from the European Commission on Wednesday showed. That was much steeper than the expected drop to -12.9 and marked the worst such reading since May 2020. While …

Inflation fears pushed bond yields higher, with bonds posting record losses, as traders flocked to stocks. But futures contracts for US indices such as the Dow Jones, S&P 500, and Nasdaq, headed lower. Oil prices also remained volatile with pressure. Investors today seem to be thinking about the distribution of …

Oil prices rose in volatile trading on Wednesday due to disruptions in crude exports from Russia and Kazakhstan via the Caspian Sea pipeline. The price of Brent crude futures rose $3.13, or 2.7 percent, to record $118.61 a barrel. The price had fallen earlier to 114.45 dollars a barrel. The …

Gold prices rose on Wednesday as investors looked for a shield in the face of sharply rising inflation and the uncertainty that events in Ukraine are imposing on the markets, and falling US bond yields provided support for the yellow metal. And gold rose in spot transactions 0.6 percent to …

European shares opened slightly higher on Wednesday, extending gains for the sixth consecutive session, despite continuing concerns about the economic fallout from the Ukraine crisis. Shares of energy and basic materials companies were among the biggest gainers, as fears of supply shortages due to the war between Russia and Ukraine …

On Tuesday, March 23rd, the United States ended a long-running dispute with Britain over US steel and aluminum tariffs. America said that the two allies will work closely to confront the excess capacity in the market from economies that do not work with their mechanisms, such as China. US Commerce …

Turkish consumer confidence rose 1.3 percent to 72.5 points in March, official data showed on Wednesday, rebounding from a dip last month and ignoring any impact of the conflict in Ukraine. Turkish consumer confidence hit a record low in December due to the depreciation of the lira. It had plunged …

The dollar index settled near 98.4 during trading on Wednesday, after it failed to achieve sharp daily gains in the previous session, as investors weighed up optimistic statements from Federal Reserve officials in exchange for improved risk appetite that sent global stocks higher. The dollar jumped last Monday after Federal …

Britain’s inflation rose to a 30-year high of 6.2 percent last month, official data showed on Wednesday, the highest end of analysts’ expectations. The median forecast in a Reuters poll of economists had called for a reading of 5.9 percent.

Japanese stocks closed on Wednesday at their highest levels in more than two months, as technology shares rose, following in the footsteps of their US counterparts, and auto stocks gained as the yen weakened. The Japanese Nikkei index closed up by three percent to record 28,040.16 points. The broader Topix …