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, …
Read More »Eurozone Final Inflation Arrives at 0.3% MoM in January
Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat’s final reading of the Eurozone CPI report for the month. The reading was in line with the estimates of 5.1% and 5.1% previous. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. When compared …
Read More »Japan Imposes New Sanctions Against Russia
The Prime Minister of Japan, Kishida Fumio, announced the imposition of sanctions against Russia against the backdrop of Russia’s recognition of the independence of the Donetsk and Luhansk People’s Republics from Ukraine. Japan’s sanctions stipulate banning exports from the republics of Donetsk and Luhansk, freezing the assets of their officials, …
Read More »Ukraine Calls Up Reservists
The Ukrainian Armed Forces said in a statement that on Wednesday, February 23, they began recruiting reservists between the ages of 18 and 60, in implementation of a decree issued by President Volodymyr Zelensky. She added that the maximum service period is one year. Zelensky said on Tuesday that he …
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