European shares hit a one-year low on Monday as Western nations weighed the possibility of a Russian oil embargo, raising the prospect of broader inflationary risks and slowing economic growth, as Germany’s leading index looked likely to confirm a downward trend. The pan-European Stoxx 600 index was down 2.4 percent. …

Russia’s largest lender Sberbank is quitting almost all European markets, blaming significant cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. The bank said it could no longer supply liquidity to European subsidiaries following an order from Russia’s central bank, which is …

The European single currency briefly fell below par with the Swiss franc for the first time in seven years on Monday and settled at a 22-month low against the US dollar as rising crude oil prices fueled fears that stagflation could sweep across Europe. The war in Ukraine and harsh …

Eurozone’s investor sentiment got crushed in the third month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge tumbled sharply to -7 in March from 16.6 in February vs. a drop to 5.3 expected. The index hit its lowest level since November 2020. …

Japan’s Nikkei index posted its biggest drop in more than five weeks on Monday as the Russia-Ukraine war showed no signs of ending, driving up oil and other commodity prices and raising fears of an inflationary shock accompanied by a global economic recession. The Nikkei index lost 2.94 percent to …

On Monday, gold prices crossed the $2,000 mark for the first time in a year and a half as investors sought that safe haven in the wake of the escalating Russia-Ukraine crisis while fears of a halt in palladium supplies pushed to an all-time high. And gold rose in spot …

British Prime Minister Boris Johnson’s office said Britain will provide $100 million (£75.6 million) to Ukraine through the World Bank as it seeks to keep the country running its core functions and alleviate the financial pressures caused by the Russian invasion. Britain is seeking to play a pivotal role in …

The German Factory Orders increased more than expected in January, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is on an upward trajectory. Contracts for goods ‘Made in Germany’ rose by 1.8% on the month vs. 1.0% expected and 3.0% last, the latest data published by …

Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran’s nuclear talks. Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60. And after Brent crude rose 21 percent …

The Nikkei average fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 2.07 percent to 25,446.35 points, while the broader Topix index fell 1.80 percent to 1811.73 points.