Tag Archives: sanctions

Gold prices fell on Wednesday after approaching a record level, with the dollar holding near its highest level in 21 months and investors taking some profits, while the price of palladium rose after the Ukrainian crisis raised fears of a lack of supplies from Russia, its largest producer. And the …

European shares rose on Tuesday as the banking sector recovered from a weeks-long crisis, but market sentiment was low after Moscow warned against cutting gas supplies to the continent. The pan-European Stoxx 600 index rose 0.8 percent, with banking shares gaining 3.6 percent, after hitting a one-year low in the …

US equities markets took a beating on Monday as a fresh surge in global commodity prices on Russia supply disruptions fears triggered fears of higher US inflation coupled with weaker growth against the backdrop of the Federal Reserve’s tightening.The S&P 500 cratered nearly 3.0%, dropping all the way back to …

Gold overnight hit a YTD high at $2002.67, but afterwards, retreated to January’s 2021 resistance level-turned-support around $1959.40. Just now, the XAU/USD Index is trading at $1996.21, reflecting the risk-aversion of the financial markets.The conflict between Russia-Ukraine has not eased amid the third round of ceasefire talks. Sanctions on Russia …

Global financial conditions, perceived as strongly correlated with future growth, are at the tightest levels in two years, driven by soaring energy prices, sliding stocks and the market consequences of the Ukraine-Russia conflict.Financial conditions is the umbrella phrase for how metrics such as exchange rates, equity swings and borrowing costs …

As western companies continue to make decisions whether to suspend operations or withdraw from Russia due to its invasion of Ukraine, China has become a possible Plan B.Russian banks that include Sberbank, the country’s largest bank by assets, and Alfa Bank said that they are exploring the possibility of issuing …

European shares hit a one-year low on Monday as Western nations weighed the possibility of a Russian oil embargo, raising the prospect of broader inflationary risks and slowing economic growth, as Germany’s leading index looked likely to confirm a downward trend. The pan-European Stoxx 600 index was down 2.4 percent. …

Russia’s largest lender Sberbank is quitting almost all European markets, blaming significant cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. The bank said it could no longer supply liquidity to European subsidiaries following an order from Russia’s central bank, which is …

Economies of the the United States and other Western nations have deployed a set of potent financial weapons against Russia with remarkable speed aiming at crippling the Russian economy. Cutting off access to global financial markets and to Russia’s war chest of foreign-exchange reserves has dealt Russia’s economy a crippling …

The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …