After best week for Wall Street and European equities since 2020, traders at the New York Session witness benchmark S&P 500 share index moving between small gains and losses on Monday. Wall Street and European stocks were subdued on Monday, after their best week since 2020, while US government bonds …
Read More »Weekly Recap 14-18 March 2022
There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …
Read More »Market Drivers – US Session – 18 March
The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …
Read More »Tesla Shares Jump On Musk’s Tweet
Tesla shares were trading 3.49% higher at $902.05 (Tesla, Inc.’s TSLA +3.88%) late during Friday’s session on the back of a Thursday tweet by CEO Elon Musk seems to be helping the company’s stock. All the tweet said is “working on Master Plan Part 3,” but people who follow the …
Read More »US Equities Rally For Best One Week Gain Since November
US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …
Read More »Stocks fluctuate awaiting geopolitical updates, Hawkish Fed Speak
The end of another long week has Wall Street bracing for another rollercoaster ride as investors digest President Biden’s crucial call with Xi and await to see if any possible pathways emerge for ending the conflict in Ukraine, all while roughly $3.5 trillion of single-stock and index-level options expire.The days …
Read More »Nickel prices fell 12% on the London Metal Exchange
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 …
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