The euro recovered on Tuesday, recouping almost all of its losses on Monday, buoyed by reports that some Russian forces in areas near Ukraine have begun to return to their bases. The single European currency rose 0.4 percent to $1.1346, with European shares recovering with the support of those reports. …
Read More »European Shares Rise Supported by Buying Health Care And Commodities Shares
European shares rose on Tuesday after concerns about the crisis between Ukraine and Russia prompted investors to buy shares in sectors such as health care and consumer goods. The pan-European Stoxx 600 index rose 0.6 percent by 0814 GMT, after closing in the last session at its lowest level in …
Read More »Oil Falls From Its Highest Level in 7 Years After Reports of The Russian Forces to Their Bases
Oil prices fell on Tuesday from a seven-year high to around $94 a barrel, after a report that some troops in Russian military areas adjacent to Ukraine had returned to their bases, in a move that would ease tensions between Moscow and the West. While large-scale exercises continue across the …
Read More »Russia’s Military: A Number of Drills Have Finished; Troops Are Expected to Return to Bases
“A number of drills have finished, troops are expected to return to bases,” Interfax reports, citing Russia’s military. “It continues set of drills involving almost all districts and navies.” “Some units of western and southern military districts have started returning to bases.”
Read More »The Nikkei Closed Lower Under Pressure
The Nikkei average ended Tuesday’s trading at its lowest level this month, weighed by expectations of a US interest rate hike, as investors factored in the repercussions of a possible Russian invasion of Ukraine. The Nikkei fell 0.79 percent to close at 26,865.19 points, its lowest closing level since January …
Read More »UK Unemployment Rate Steadies at 4.1% in December
The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 4.1% in December vs. the previous 4.1% and 4.1% expected while the claimant count change showed a smaller than previous drop last month. The number of people claiming jobless benefits fell to -31.9K in …
Read More »Gold Climbs to an Eight-Month High
Gold prices rose to an 8-month high above $1,878 an ounce on Tuesday, as escalating tensions between Russia and the West over Ukraine drove investors out of riskier assets in favor of safe-haven bullion. Gold prices jumped to an eight-month high on Tuesday, February 15, as investors turned away from …
Read More »Canada’s Trudeau invokes emergency powers in bid to end protests
Canadian Prime Minister Justin Trudeau activated rarely used emergency powers in the country in an attempt to end protests that have closed some border crossings with the United States and paralyzed parts of the capital. Under the emergency law, the government introduced measures aimed at cutting off funding to protesters …
Read More »Market Drivers – European Session 14-2-2022
Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine. A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an …
Read More »Dollar at Two-Week High on Ukraine Tensions
The dollar rose to a two-week high on Monday as investors sought safe-haven assets amid fears that Russia was preparing to invade Ukraine. The United States said Russia could make the move at any time and could suddenly create a pretext for an attack, and on Sunday reiterated its pledge …
Read More »