European shares fell 3 percent on Thursday, as investors turned away from risky assets after Russia’s attack on Ukraine raised fears of war in Europe, contributing to inflation and hampering economic growth. The pan-European Stoxx 600 index fell 2.9 percent, its lowest since May 2021. Germany’s DAX index fell 3.7 …
Read More »Ukraine Asks Turkey to Close The Bosphorus And Dardanelles Straits to Russia
Ukraine’s ambassador to Ankara said on Thursday that his country had asked Turkey to close the Bosphorus and Dardanelles straits to Russian ships, and also wanted to impose sanctions on Moscow after Russia launched air and ground attacks on its neighbor. Turkey, a NATO member, has a maritime border on …
Read More »Russia Begins Invasion of Ukraine
The Ukrainian border guards said that the Russian ground forces entered Ukraine shortly after bombing several sites inside Ukraine. Ukraine asked Turkey to close the Bosphorus and Dardanelles straits to Russia, while Moscow announced the suspension of navigation in the Sea of Azov between Ukraine and Russia. The Ukrainian border …
Read More »Ruble Trading Suspended After Falling in on Russia’s Invasion of Ukraine
The Russian ruble plunged to its lowest level since early 2016 on Thursday after President Vladimir Putin ordered Russian forces to invade Ukraine, a move that prompted the Moscow Stock Exchange to suspend trading. The ruble fell 3.6 percent against the dollar to 84.0750, and fell 3.9 percent to 95.2425 …
Read More »Gold Jumps More Than 2%
On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters. Gold prices jumped more than 2% to their highest level in …
Read More »Oil Stabilizes, Expectations That The U.S Will Not Target Russian Oil Exports
Oil prices stabilized on Wednesday, below their highest levels since 2014, as US officials indicated that an escalation between Russia and Ukraine is unlikely to lead to sanctions on energy supplies from Russia, one of the world’s largest oil producers. Brent crude remained unchanged, reaching $96.84 a barrel, after hitting …
Read More »Market Drivers – European Session 23-2-2022
European shares jumped 1% on Wednesday, supported by a batch of strong earnings data, and as investors digested news of the first Western sanctions against Russia over its crisis with Ukraine. The pan-European STOXX 600 index rose 1.1 percent after fears of a full-blown Russian invasion of Ukraine pushed it …
Read More »European Shares Rise, Supported by Strong Earnings
European shares jumped 1% on Wednesday, supported by a batch of strong earnings data, and as investors digested news of the first Western sanctions against Russia over its crisis with Ukraine. The pan-European STOXX 600 index rose 1.1 percent after fears of a full-blown Russian invasion of Ukraine pushed it …
Read More »Gold Falls as Risk Appetite Improves, Focus on Ukraine
Gold fell on Wednesday as risk-related assets rose, as investors in the precious metal awaited more developments in the Ukraine crisis while preparing for major central banks to raise interest rates soon. By 1035 GMT, spot gold fell 0.2 percent to $1,894.82 an ounce, retreating from a nearly nine-month high …
Read More »Oil Falls as Supply Concerns Dissipate Due to Russia Sanctions
Oil prices fell on Wednesday from seven-year highs hit the previous day as it became clear that the first wave of US and European sanctions against Russia was unlikely to disrupt oil supplies. Brent crude fell 59 cents, or 0.6 percent, to $96.25 a barrel after hitting $99.50 on Tuesday, …
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