European shares rose on Monday, tracking global markets rallying with positive signs, as investors hoped for a solution to the Ukraine crisis after news that US and Russian leaders had agreed in principle to hold a summit on the issue. The pan-European STOXX 600 index rose 0.6 percent, tracking an …
Read More »Nikkei Closed Lower For The Third Day This Week
Japan’s Nikkei fell on Monday for the third consecutive session after persistent fears of a possible Russian invasion of Ukraine pushed investors away from riskier assets. The Nikkei index closed down 0.76 percent to record 2,6910.67 points, trimming most of its 2.11 percent losses in early trading, after reports of …
Read More »The Euro Rises Supported by The Possibility of a Summit Between Biden and Putin
The euro rose on Monday, supported by news of a possible summit between US President Joe Biden and Russian President Vladimir Putin to discuss the crisis in Ukraine. Details remain unclear, but French President Emmanuel Macron’s office said the two leaders had agreed in principle to hold a summit on …
Read More »Gold Slips From Over 8-Month High
Gold fell on Monday after hitting its highest level in more than eight months, as demand for safe havens waned after the US and Russian presidents announced their intention to hold a summit on the Ukraine crisis, and the metal came under further pressure from an expected interest rate hike …
Read More »Australia Fully Reopens Borders After Two Years
Australia on Monday fully reopened its international borders to travelers who have been vaccinated against the coronavirus, nearly two years after it closed due to the pandemic. More than 50 international flights will arrive in the country on Monday as the tourism and hospitality sectors look to rebuild after being …
Read More »Oil Prices Jump Due to New Warnings About The Ukraine-Russia Conflict
Oil prices rose more than a dollar in early trading on Monday amid growing concerns about a potential conflict between Russia and Ukraine, with the United States and the European Union making clear that Russia would face sanctions if it invaded its neighbor. Brent crude futures rose $1.34, or 1.4 …
Read More »Weekly Recap 14-18 February
The safe-haven Japanese yen weakened on Friday and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The euro rose as the dollar weakened. The yen and the Swiss franc, a …
Read More »Safe Haven Currencies Fall on Hopes Over Ukraine Crisis
The safe-haven Japanese yen weakened on Friday, and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The Euro rose as the dollar weakened. The yen and the Swiss franc, a …
Read More »The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede
The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for January. Movements were small in the currency markets, and the dollar index was …
Read More »Oil is on Track For a Weekly Loss on Hopes That Iran’s Exports Will Rise
Oil prices extended losses on Friday and headed for a weekly decline as the prospect of an increase in Iranian oil exports outweighed fears of possible supply disruptions from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2.6 percent, to $90.53 a barrel, after ending trading on Thursday, down …
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