Japanese carmaker Mitsubishi Motors said on Tuesday it may stop producing and selling its cars in Russia, as economic sanctions against Russia could cause supply chain disruptions. Japan on Tuesday joined the United States and other allies in imposing additional sanctions on Russia, which included freezing the assets of the …
Read More »MasterCard Bans a Number of Russian Financial Institutions From Its Network
It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail MasterCard said late Monday that it has blocked a number of financial institutions from the MasterCard …
Read More »Russia’s Sanctions Keep Investors On Alert
Asian markets closed today’s trading up across the board, with the exception of Hong Kong’s Hang Seng, which edged down 0.24% while Japan’s Nikkei rose 0.19%, China’s Shanghai Composite gained 0.32%, India’s Sensex advanced 0.70%, and South Korea’s KOSPI finished trading up 0.84%. Taiwan’s equity markets are closed today to …
Read More »US Shares Await Further Gains Despite Geopolitical Concerns
Geopolitical tensions between Russia and the West, including the Ukrainian crisis, have greatly escalated during last week. Although the current crisis will likely mark the inauguration of a new security formula for Europe and the United States, economists at Citibank still have confidence in the financial markets. Economists believe that …
Read More »European Shares Fall 2% After Imposing Tough Sanctions on Russia
European shares fell on Monday as Western countries imposed tough new sanctions on Russia in the wake of its invasion of Ukraine while rising oil prices fueled fears of hyperinflation. By 0810 GMT, the pan-European Stoxx 600 index fell 2.1%, Germany’s DAX 2% and Britain’s Financial Times 0.9%. Crude oil …
Read More »Japanese stocks close higher on optimism about Russia-Ukraine negotiations
Japanese stocks reversed course to close higher on Monday as investors hoped talks between Russia and Ukraine would yield a positive outcome, easing concerns about the economic impact of tough Western sanctions on Russia. The Nikkei index rose 0.19 percent to close at 2,6526.82 points, after falling 0.8 percent earlier …
Read More »Weekly Recap – 21-25 February
Unless Moscow rolls back Russian troops shortly, which still seems doubtful, risk-on appetite in markets is believed not to continue for longer.Speculations tend to support the view that Russia’s invasion of Ukraine will slow the planned pace of US Fed’s quantitative tightening which is awaited mid-March.Investors and consumers are monitoring …
Read More »Market Drivers – US Session – 25 February
Markets stayed relatively quiet early Friday and the DXY extends its corrective slide as investors braced for another turbulent day. Economic Data Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods orders in the United States to double the level of market expectations. …
Read More »US Shares Rebound On Positive Durable Goods Data
US shares rose on the last day of the current trading week, despite having been in the red territory since Russian President Vladimir Putin recognized Donetsk and Luhansk separatist regions in Ukraine as independent states.Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods …
Read More »European Stocks Are Rebounding After Falling
Europe’s main stock index rebounded on Friday after hitting its lowest level in nine months, affected by a rally in late Wall Street yesterday, as investors hunted for shares that fell in prices after heavy selling this week, amid concerns about the repercussions of the Russian invasion of Ukraine. By …
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