Gold strengthened on Thursday after a sharp decline in the previous session as concerns about the Russia-Ukraine crisis persisted after the lack of progress in talks between the two sides, while also likely to affect important US inflation data. Spot gold rose 0.2 percent to $1,996.09 an ounce, after falling …
Read More »Nikkei Index Records Biggest Rise in 21 Months
Japan’s Nikkei index posted its biggest gain in 21 months, following in the footsteps of global equities as market sentiment recovered, as it looked like Ukraine and Russia would resume diplomatic talks and as oil prices reversed some of their recent gains. Nikkei rose by 3.94% to close at 25690.40 …
Read More »US Shares Surge On Risk Appetite Returns
US equities are rebounding this Wednesday, with touted bargain hunting/dip-buying driving the recovery as commodities ease back from Tuesday’s peaks.The S&P 500 rallied 2.4%, the Dow 2.0% and the Nasdaq 100 3.0%, though investors remain cautious amid geopolitical risks. Following four straight sessions of losses, US equities are enjoying a …
Read More »Gold Stabilizes Over Positive Geopolitical Developments
Gold Price trades stable just below the $2,000 mark, having found a new temporal balance just ahead of the critical level. Risk appetite returned to trading boards amid hopes the Ukraine-Russia crisis could recede after two weeks. Earlier today, Ukrainian President Zelenskyy’s aide said that the country is ready for …
Read More »Nikkei Reverses closes at 16-month low
Japan’s Nikkei index reversed course and closed at a 16-month low on Wednesday, tracking a slump in Asian markets, as investors assess the impact of the deepening conflict in Eastern Europe and a new US embargo on Russian oil. The Nikkei fell 0.3 percent to close at 24,717.53 points, its …
Read More »Nikkei rises 0.35% at the beginning of trading in Tokyo
The Nikkei average rose in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei rose 0.35 percent to 24,876.49 points, while the broader Topix index rose 0.37 percent to 1,766.43 points.
Read More »Market Drivers – US Session – 8 March
Market sentiment improved fairly as, earlier Ukraine confirmed humanitarian corridor, which allowed the evacuation of civilians. The sentiment improved further after news agencies reported Ukraine would no longer seek NATO membership, in a nod to Russia. The next round of peace talks is scheduled for next Thursday in Turkey.Economic Data:Data …
Read More »Brands, Highest Value Businesses Pull Out From Russian Market
PepsiCo Inc and Coca-Cola said on Tuesday they are suspending sales of their sodas in Russia, to be the latest addition to a long list of high-profile Western consumer brands to taper, suspend or curtail their operations in Russia in the aftermath pf following the invasion of Ukraine.Coca-Cola said its …
Read More »After Daily Highs, US Shares Prepared To Close Flat
Improved market mood caused a jump off the lows, but it was short-lived, trading near the open of the session. The stock market was trying to rebound from its worst day of selling in months Tuesday even after President Joe Biden announced a ban on Russian oil. By afternoon, the …
Read More »Ukraine’s Remarkable Hints: No Longer Insisting On NATO Membership
In a remarkable development and a nod to Russia, Ukraine hints, on Tuesday, that the east Eropean nation is no longer insisting on NATO membership. Similar news headline is now prevailing world media outlets though was referring to an interview conducted on Monday. Ukraine’s aspirations to join NATO was a …
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