Tag Archives: Russian invasion of Ukraine

Gold prices firmed on Thursday as investors remained cautious about the conflict between Russia and Ukraine, which also boosted demand for the safe-haven precious metal, while supply fears pushed palladium to a seven-month high. Gold prices consolidated in spot transactions at $1926.10 an ounce. US gold futures rose 0.4 percent …

The European Union has removed seven Russian banks from the Swift messaging system that supports global transactions as part of its sanctions against Russia over its invasion of Ukraine, the Official Gazette of the European Union said on Wednesday. The banks, which will be given 10 days to phase out …

Ratings agency Fitch on Wednesday cut Russia’s sovereign rating six notches to junk, saying Western sanctions over its invasion of Ukraine had made Russia’s debt-servicing uncertainty and would weaken its economy in a “massive shock” to its creditworthiness. Russia’s financial markets have plunged into turmoil over its attack on Ukraine, …

Ratings agency Moody’s said Thursday that it has downgraded Russia’s long-term and unsecured credit rating to B3 from Baa3, attributing this to tough sanctions imposed by Western countries on Moscow. The agency added that the ratings are still under review for a further downgrade.

Private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have produced a positive picture of the US labour market.The ADP National Employment Report on Wednesday suggest that …

“We’ve certainly seen recent developments lead to notable volatility and declines in market liquidity,” Lorie K. Logan, an executive vice president with the New York Fed, said recently during a virtual event organized by New York University.“But so far, outside of Russian markets … our sense is that broader markets …

US equities staged a decent rebound on Wednesday, with the S&P 500 breaking above last week’s highs to test 4400. Markets took reassurance from the tone of Fed Chair Powell’s remarks at his testimony before the US Congress.US equities rose on Wednesday as traders digested remarks from Fed Chair Jerome …

US crude oil benchmark, WTI, rallies by 4.67% in the day, aiming to close above the USD 100 mark for the second day of the year as Wall Street closed, with US equities printing gains. The market sentiment is positive, though it would be subject to Ukraine-Russia tussles as it …

European Central Bank Governing Council member Mario Centeno said on Wednesday that the Russo-Ukraine war could lead to a stagflation scenario depending on the duration of the conflict and the European response.The exclusion of the Russian economic area via sanctions will have a devastating impact on Russia’s economy, Centeno added.Beyond …

The United States is determined to continue to impose severe consequences on Putin and Russia over Ukraine war. US Treasury Secretary Janet Yellen said on Wednesday that the US will continue to impose severe consequences on Russian President Vladimir Putin and Russia over the invasion of Ukraine.Russia will increasingly become …