The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …
Read More »WTI crude oil futures settle at $77.43
The price of West Texas Intermediate crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78.The move to the downside was helped by comments early in …
Read More »Gas price eases after 60% surge as Putin offers to stabilize market
Gas prices fluctuated wildly on Wednesday, by 60% over just two days in Europe before sliding fast after Russia’s President Vladimir Putin said his country is ready to help stabilize global energy markets.Dutch and U.K. futures plunged more than 7%. That’s after hitting fresh records earlier over increasing concerns of …
Read More »Putin steps in as Europe’s energy crisis intensifies
European and U.K. gas prices surged Wednesday by more than 25%, trigerred by high demand before the winter months.Critics have accused Moscow of intentionally limiting gas supplies to Europe to hasten the launch of Nord Stream 2, a controversial pipeline connecting Russia with Germany. Earlier on Wednesday, Putin’s spokesman Dmitry …
Read More »Pandora Papers: World leaders deny wrongdoing after huge leak
Several world leaders have issues official statements denying any involvement in wrongdoing after a huge leak of millions of documents that reveal secret financial dealings of the global political elite.The Pandora Papers investigation, which involved a consortium of 600 journalists from a variety of global media outlets, is based on …
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