Market Update

The price of palladium jumped about 6 percent on Monday after concerns about supplies of the metal used in the auto industry increased as the West imposed new sanctions on Russia, and the price of gold rose by more than one percent after Russian President Vladimir Putin put the nuclear …

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 …

The Russian Central Bank on Monday raised its key interest rate to 20 percent from 9.5 percent to counter the risks of a depreciating ruble and rising inflation. The central bank and finance ministry said Russia had also ordered companies to sell 80 percent of their foreign currency earnings. The …

Oil prices in Brent crude futures rose more than 7 dollars to 105.07 dollars a barrel with the opening of trading on Monday, and oil prices in US crude futures rose more than 7 dollars to 99.10 dollars a barrel. The British oil company BP said on Sunday, February 27, …

The Russian ruble fell by nearly 29% against the dollar on the morning of Monday, February 28, as markets assessed the impact of sanctions announced by the United States and European countries on Russia. America and its allies announced that Russia was deprived of the use of the global banking …

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 …

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. …

Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote; a move western countries view as a win for showing Russia’s international isolation.The United Arab Emirates and India also abstained from the vote on the US …

Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …

US consumer spending Rose by 2.1% in January and Inflation accelerated amid Omicron wave. Commerce Department’s inflation gauge rose 6.1% from a year earlier. As Russia’s attack on Ukraine helps push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil …