Market Update

Japan’s Nikkei average posted its worst weekly performance since late November, as rising inflation in the United States weighed on risk appetite and little progress in talks between the foreign ministers of Ukraine and Russia. The Nikkei closed down 2.05 percent to 25,162.78 points. The benchmark index recorded a weekly …

A group of the world’s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of …

The ruble rebounded in Moscow and foreign exchange markets on Thursday after the first official talks between the foreign ministers of Russia and Ukraine, although the meeting made no progress towards a ceasefire. The currency has lost up to 50 percent of its value against the dollar this year in …

The US dollar index has rebounded sharply from 97.72 on Thursday and is settling above 98.50 as inflation levels in the US hit skyscrapers.The USD managed to post gains vs its European rivals and the JPY but lower against commodity-linked currencies.Economic Data:The US Bureau of Labor Statistics reported the US …

The USD/CAD pair fades bounce off 10-DMA as markets brace for monthly jobs report. Hawkish hopes from the BOC, previous rally in oil prices favor bears.Russia-Ukraine tussles, firmer US Treasury yields challenge further downside. Canadian employment data may provide another reason for the BOC to extend its rate-hike trajectory.USD/CAD remains …

US Treasury sec Janet Yellen says it is likely to see inflation stay uncomfortably high this year.Key Comments ”Don’t want to make inflation predictions for H2 2022.”“I think that the labour market will remain strong,” Yellen said in a CNBC interview.“I think it’s appropriate for them to take action, but …

Russia said it could seize the assets of Western companies that have suspended operations in the country. In total, hundreds of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s …

Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand.The April Nymex gas futures contract ultimately shed a tenth of a cent day/day and closed at $4.526/MMBtu. …

Goldman Sachs said Thursday (Feb. 10) it has suspended its business in Russia, becoming the first major US banking group to leave that country after its war with Ukraine, and increasing pressure on its rivals to follow suit. Operating in Russia has become increasingly difficult for Western financial institutions with …

Alphabet-owned Google’s YouTube and Google Play have suspended all payment services in Russia, including subscriptions, after Western sanctions began posing banking challenges in the country. Google will also temporarily stop ads from advertisers in Russia across its worldwide domains and networks. This comes on top of the company’s recent suspension …