Tag Archives: lockdowns

Beijing is continuing quarantine to end its month-old COVID outbreak, while in Shanghai’s authorities plan to keep most restrictions in place this month, before a more complete lifting of the two-month-old lockdown from June 1.The Chinese capital reported 47 new Covid cases om Tuesday, compared with 48 on Monday. Cases …

On Monday, gold prices fell more than one percent to their lowest levels since late January, as the dollar’s strength continued to affect demand for the yellow metal, which is denominated in the US currency. And gold fell in spot transactions 0.8 percent to $ 1797.82 an ounce (an ounce) …

Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …

The USD/CAD pair has renewed its fresh high in the year at 1.3052. the pair is attempting to balance above the 1.3000 psychological resistance. USD/CAD also managed to continue its winning streak by positive performance on Tuesday.USD/CAD is likely to further advance amid uncertainty over the release of the US …

Fed Chairman, Jerome Powell, is delivering his comments on the monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in May.Key quotes“Ukraine war, China lockdowns both likely to add to headline inflation.”“Both issues also likely to limit progress on …

Japan’s Nikkei index recorded its worst weekly performance in almost a month on concerns about the impact of the Federal Reserve’s tightening of its monetary policies, the conflict in Ukraine, and the closure measures in China. The Nikkei index lost 2.46 percent this week, its worst performance since the week …

Brent crude futures fell 49 cents, or 0.5%, to settle at $100.58 a barrel while WTI crude fell 20 cents, or 0.6%, to settle at $96.03 a barrel. The previous session, both benchmarks plunged more than 5% to their lowest closing levels since March 16. Oil settled lower on Thursday, …

Beijing scrambles to contain the worst outbreak China has seen since Wuhan in early 2020, as daily infections surpass 5,000. Lockdowns in coastal cities, including the first imposed on Shenzhen, prompt warning that situation has ‘deteriorated at an alarming pace’, with big economic hit ahead. China faces biggest Covid-19 crisis …

Front-month WTI futures surged above the $90.00 level for the first time since 2014 in recent trade on Thursday, taking their on-the-day gains to more than $2.0, which would mark the best one-day performance in three weeks. No specific one fundamental catalyst can be singled out as behind the recent …