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. …
Read More »Americans Support Tougher Sanctions On Russia
A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …
Read More »Russian Foreign Minister: Relations between Russia and China are at their strongest ever
Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …
Read More »The Nikkei’s nine-day rally stopped, and the Bank of Japan’s move limits losses
Japan’s Nikkei fell on Monday, giving up a nine-day rally as investors book profits ahead of the end of the fiscal year this week. The Nikkei index closed down 0.73 percent to 27,943.20 points, after rising about 12 percent in the past nine days, to touch its highest level in …
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