Market Update

European stocks started the second quarter of the year on a cool note, as investors were gripped by worries about economic growth and inflation as Europe waited for a deadline to start paying for Russian gas in rubles. Russian President Vladimir Putin has threatened to cut gas supplies unless they …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 7.5% in March, coming in much higher than the previous reading of 5.9%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a hotter reading of 6.6%. The index hit another record high, as …

Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar. And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by …

Japanese stocks fell on Friday, dragged down by Wall Street’s slump, while investors continued a profit-taking spree after big gains last month. The Nikkei index fell 0.56 percent to close at 27,665.98 points, and the index fell 1.7 percent during the week. The broader Topix index fell 0.11 percent to …

The Russian ruble rose for the ninth straight session in Moscow, closing near 83 to the dollar on Thursday, and stocks jumped as some limits on short-selling were lifted, with the market focusing on the effects of Moscow’s demand to pay for its gas exports in rubles. The ruble rose …

The state-owned Turkish Energy Import Corporation (Botas) said that natural gas prices for industrial facilities rose by 50 percent and increased for households by 35 percent. (Botas) also said late on Thursday evening that the prices of natural gas used to generate electricity rose by 44.3 percent as of April …

The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

Ukrainian President Volodymyr Zelenskyy on Thursday said ”the situation in the south and the Donbas region remained extremely difficult and reiterated that Russia was building up forces near the besieged city of Mariupol.”“There will be battles ahead. We still need to go down a very difficult path to get everything …

May contracts concluded for the prompt month for New York Mercantile Exchange natural gas futures opened with a bang Wednesday, rising 27.5 cents day/day and settling at $5.605/MMBtu while June futures gained 27.7 cents to $5.658.After slumping to start the week, natural gas futures regained momentum similar to last week’s …

Gold has been on the front foot since the European morning, bouncing from the $1920 level into the $1940s. A ramping up of energy-related tensions between EU nations and Russia plus risk-off flows have benefitted the precious metal.The gold price is currently in a phase of consolidation ahead of the …