3-month nickel contracts retraced 12% on Friday morning to new trading levels, as heavy selling continued in the international metals markets. The price reached 36,915 dollars per metric ton with the opening of trading on the London Metal Exchange. Nickel prices doubled within hours on March 8, surpassing $100,000 a …
Read More »Japan imposes new sanctions on Russian defense officials and arms export company
Japan said it would impose sanctions on 15 individuals and nine Russian organizations, including defense officials and state-owned arms exporter Rosoboronexport. The sanctions, which include asset freezes, are the latest in a series of measures taken by Japan in the wake of Russia’s invasion of Ukraine. Japan has so far …
Read More »Japan’s Nikkei averages biggest weekly gain in nearly two years
The Japanese Nikkei index ended Friday’s trading on a rise and recorded the largest weekly gain in nearly two years, tracking the impact of Wall Street gains, in light of caution over a five-day rally in local markets. The Nikkei increased 0.65% to close at 2,6827.43 points, and its gains …
Read More »China raises fuel prices to their highest level in more than a decade
Retail gasoline prices in China have risen to levels not seen since at least 2006, while diesel prices have risen to their highest level in ten years after the rise in global oil prices in the wake of the Russian invasion of Ukraine. The National Development and Reform Commission said …
Read More »US Shares Grind Higher Despite Mixed News On Peace Talks
US equities have traded in mixed fashion thus far on Thursday, having been buffeted by mixed Russo-Ukraine negotiations headlines. The S&P 500 is a tad higher on the day in the 4360s and eyeing a test of 4400.With the Fed meeting and US data out of the way, investor focus …
Read More »4 dead after 7.4-Magnitude Earthquake Hits Coast Off Japan’s Fukushima Prefecture
Tens of thousands of Japanese families were still without electricity Thursday morning, ten hours after a powerful 7.3-magnitude earthquake killed at least four people and injured more than 100, as well as halting transportation to the northeast. Wednesday’s earthquake, off the coast of Fukushima, led to the indefinite suspension of …
Read More »Nikkei Closes at More Than Two-Week High After US Interest Rate Hike
The Nikkei index closed at its highest level in more than two weeks on Thursday, following a strong rally on Wall Street on Wednesday night, after the Federal Reserve (the US central bank) raised interest rates as expected, while boosting hopes of a breakthrough in the Russian conflict. Ukrainian morale. …
Read More »Market Drivers – US Session – 16 March
The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …
Read More »US Equities Bounce As Powell Mitigates Hawkish Language
US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …
Read More »US Index Futures Rise, Eyes on Fed Meeting
US Dow Jones futures rose more than 300 points as Wall Street attempts to rally for the second day in a row, despite the US Federal Reserve meeting tonight. Dow Jones Industrial Average futures rose 359 points, or 1.1%, while S&P 500 futures rose 1.2%. Nasdaq 100 futures jumped 2%. …
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