Market Update

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, comes under pressure and slips back below the 97.00 yardstick on Friday.The index gives away further ground following a tepid change in the markets’ mood after news reported a probable meeting between Russian and …

European Central Bank President Christine Lagarde said on Friday that the central bank stands ready to take whatever action is needed to ensure price stability and financial stability in the Eurozone.Lagarde said that it would be premature to assess the exact impact of the conflict in Ukraine just yet, but …

Oil prices fell on Friday after sharp increases during the session on fears of possible disruption to international supplies following the imposition of sanctions on oil-exporting Russia. Brent crude futures for April fell 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after jumping to $101.99. May …

CNBC reported that Russian forces began their assault on the Ukrainian capital, Kyiv, to seize it on the second day of declaring the invasion. Russian forces resumed their march towards the capital after the stop announced by Ukrainian President Zelensky this morning. Ukrainian Foreign Minister Dmytro Kuleba said horrific Russian …

The Kremlin said on Friday that Russia would impose retaliatory sanctions on Western countries on the basis of reciprocity. Kremlin spokesman Dmitry Peskov said the sanctions would cause problems for Russia but their impact could be contained and had reduced Moscow’s dependence on foreign imports. He declined to comment on …

The Russian news agency quoted the Associated Press as saying that the sound of gunfire resounded near the government district in the Ukrainian capital, Kyiv. An adviser to the Ukrainian government said on Friday that he expected Russia to try to storm Kyiv during Friday. Ukrainian authorities urged residents of …

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 …

According to France’s Finance Minister Bruno Le Maire, cutting off Russia from SWIFT remains on the table but as a last resort. Meanwhile, the UK Defence Minister Robert Wallace said, “we’d like to cut Russia off from SWIFT.” “It is difficult as “not every country wants them out,” Wallace added.

Today, the US Treasury Department imposed expanded economic measures, which target the basic infrastructure of the Russian financial system including all major Russian financial institutions. The measures announced by the US Treasury target nearly 80% of all banking assets in Russia, which will have a profound and long-term impact on …

Japanese stocks halted a five-session losing streak on Friday, boosted by technology heavyweights and after a massive rebound on Wall Street overnight. The Nikkei index rose 1.95 percent to close at 2,6476.50 points, but it fell 2.3 percent this week. The broader Topix index rose 1 percent to 1,876.24 points …