Crude oil markets stabilized on Monday after printing fresh highs earlier in the day, supported by the ongoing tense geopolitical backdrop in Eastern Europe and continued tight global oil market conditions. Front-month WTI futures, which have swung between multi-year highs near $95.00 and session lows just above $92.00, currently trade …
Read More »GBP/USD Retreats Amid Risk-Off Market Mood
The GBP/USD snaps two days of gains and begins the week on the wrong foot amid increasing geopolitical tensions in eastern Europe. At the time of writing, the GBP/USD is trading at 1.3528.The market sentiment is downbeat, depicted by European bourses falling, while US futures point to a lower open. …
Read More »US Shares Supported But Remain Defensive Due To Geopolitical Tensions
US equity markets opened this week’s trade mixed, with the S&P 500 down 0.3%, the Nasdaq 100 up 0.3% and the Dow down 0.4%. The S&P 500 CBOE volatility index remained elevated near the 30.0 level, up about 2.0 points on the day, with equity index futures trade prior to …
Read More »Market Drivers – European Session 14-2-2022
Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine. A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an …
Read More »Dollar at Two-Week High on Ukraine Tensions
The dollar rose to a two-week high on Monday as investors sought safe-haven assets amid fears that Russia was preparing to invade Ukraine. The United States said Russia could make the move at any time and could suddenly create a pretext for an attack, and on Sunday reiterated its pledge …
Read More »Gold Falls From 3-Month Peak
Gold prices fell on Monday, with the rise of the US dollar, but fears of conflict between Russia and Ukraine limited losses for the metal, which is considered a safe haven and kept palladium investors in a state of anxiety. The price of gold in spot transactions fell 0.2 percent …
Read More »Oil Near 7-Year Peak Due to Tension Between Ukraine and Russia
Oil prices stabilized on Monday, February 14, in volatile trading, after hitting their highest levels in more than seven years, on fears that a possible Russian invasion of Ukraine would lead to US and European sanctions that would disrupt exports from one of the world’s largest producers. Brent crude was …
Read More »European Shares Sink on Fears of Russian Attack on Ukraine
European shares hit 20-day lows, with travel, banking, and auto stocks leading declines on Monday as investors feared political risks following warnings that Russia could invade Ukraine at any time. The pan-European Stoxx 600 index was down 2 percent by 0808 GMT, its lowest since Jan. 25. All sub-indices of …
Read More »Oil Prices Jump More Than 1% to Record The Highest Level in Seven Years
Oil prices on Monday hit their highest level in more than seven years amid fears that a possible Russian invasion of Ukraine could trigger sanctions from the United States and Europe and disrupt energy exports from the world’s largest producer. Brent crude futures were at $56.95 a barrel by 0235 …
Read More »Nikki Drops to its Lowest Level in 3 Weeks
Japan’s Nikkei index fell on Monday to its lowest level in three weeks, pushed down by technology shares on investor concerns about growing tensions surrounding Ukraine and rising inflation risks in the United States. The Nikkei index lost 2.23 percent to close at 27,079.59 points, the most significant daily percentage …
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