US equities are modestly lower across the board on Wednesday, as investors take profit following the recent impressive run higher. Waning Russo-Ukraine optimism, robust US data that solidified Fed tightening expectations and yield curve inversions were all cited as worries.The S&P 500 currently trades just above 4600 and on course …
Read More »US Stocks Gain Momentum In Last Hour Trading
US stocks rose on Tuesday, with the Dow and S&P notching their fourth straight session of gains, on optimism some progress was being made toward a deal to resolve the conflict between Russia and Ukraine.Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, while Ukraine …
Read More »US Official: Firms must choose between Russia and West
Wally Adeyemo, the US Deputy Treasury Secretary, said firms could “choose to help Russia” in its invasion of Ukraine or “continue to do business with the 30 countries” that have imposed sanctions.He said Ukraine’s allies were committed to issuing more sanctions. He also warned Russian oligarchs “we’re going to come …
Read More »Russian Defense Ministry says will scale down military activity around Kyiv and Chernihiv
The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …
Read More »Japan to ban luxury goods exports to Russia from April 5
Japan will ban the export of luxury goods to Russia from April 5, the Japanese Ministry of Economy, Trade and Industry said in a statement on Tuesday, March 29, in its latest move in response to Russia’s invasion of Ukraine. The banned items include luxury items such as cars, motorcycles, …
Read More »Nikkei rises in the footsteps of US stocks and the rise of auto companies
Japanese stocks closed higher on Tuesday, following in the footsteps of US stocks that rose on Monday night, with auto and shipping stocks leading the gains and the market-leading with dividend claims. The Nikkei index rose 1.1 percent to 28,252.42 points. The broader Topix index rose 0.93 percent to 191.66 …
Read More »Japan intends to require companies to refrain from paying in rubles in transactions
Japan’s Chief Cabinet Secretary Hirokazu Matsuno said Tuesday that Japanese companies will be asked to respond “no” if Russia requests payment in rubles in economic transactions, especially in the energy sector. Russia last week demanded that “unfriendly” countries pay in rubles, not euros, for its gas, following the union of …
Read More »Market Drivers – US Session – 28 March
The gold price is down on the day, losing around 1.9% as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. The market mood was sour, helping the American dollar to end the day …
Read More »S&P 500 climbs for third straight day as Tesla leads
The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …
Read More »US Shares drop as stocks open mixed
US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …
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