SINGAPORE – Aluminium prices climbed to an all-time high on Thursday, while nickel surged to its highest in 11 years as Russia’s invasion of Ukraine prompted further sanctions on Moscow, raising trader concerns over supplies from the Black Sea region. Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all
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Russia’s invasion of Ukraine remain the dominant theme in the markets, and Euro and Sterling stay pressured as a result. Swiss Franc is the biggest winner for now on safe haven flow, but Aussie and Yen are also supported. On the other hand, Dollar is dragged down by the steep fall in treasury yield overnight.
The US and other major economies have agreed on a coordinated release of oil stockpiles after Russia’s invasion of Ukraine pushed crude above $100 a barrel. The International Energy Agency, which represents key industrialized consumers, will deploy 60 million barrels from stockpiles around the world. Half of that amount will come from the U.S. Strategic
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some gains but remains the strongest one
Prior month -301K revised to +509K ADP national employment rises by 475K vs 388K estimate. The nonfarm payroll estimate to be released on Friday is expected to show a gain of 440 K Goods +57K Services +417 K Small businesses (less than 50 employees) -96K Medium (50 – 499 employees) +18K Large (>499 employees) +552K
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine. The production rose from 11 million bpd in January, while in tonnes, Russia’s total oil and gas condensate
Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the West intensified. In the currency markets, commodity currencies are attempting to break out from range. Aussie stays firm after non-eventful
Export demand for Indian wheat, corn and spices has shot up after Russia launched a military operation against Ukraine, forcing the international trade of agricultural commodities to shift sourcing to India since supplies from the two nations have come to a grinding halt. “The prices of wheat at the Kandla port have increased from ₹2,200
Euro’s broad based selloff continues today, even though it’s still holding in range against Dollar and Sterling. But overall, European majors are weak. The greenback is somewhat capped by falling benchmark treasury yield. Yen is firm on risk-off sentiment but it’s slightly out-performed by Aussie. In other markets, stocks are generally pressured in Europe while
> Sen Rubio: Russia has committing war crimes. We need to continue to sustain pressure. ukraine Rubio on CNBC Putin will never win We need to continue to impose this has to be the most expensive adventurism in the modern history of world because if we don’t he will continue to do it, and if
MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could squeeze price-sensitive Asian and
Sentiment in the markets sinks again after Russian President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday, in response to unprecedented sanctions by the West, including blocking Russian banks from SWIFT. Meanwhile, Ukraine is holding on to defending from Russian invasion, with increasing support from Europeans and others in the world. Asian
New Delhi: Gold prices rose by Rs 429 to Rs 50,577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine, according to HDFC Securities. The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade. Silver
Markets are staying in risk aversion today with heavy selling in stocks. Expectations on the negotiation between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin are low. Meanwhile, other markets are relatively steady. In forex, Swiss Franc, Yen and Dollar are still the stronger ones ,while Euro is the weakest. But still, most pairs
Germany’s economy minister said they will pass a bill by April that ensures gas storage facilities are at full capacity at the beginning of winter. The law of unintended consequences is in full display here. Germany doesn’t produce natural gas so they can’t magically make it appear. They have to buy it on the global
NEW DELHI: Gold prices spiked more than 1.5 per cent on Monday as the yellow metal was set for best monthly gain in the last three quarters amid rising global worries. Western countries slapped fresh sanctions on Russia for invading Ukraine and President Vladimir Putin put his country’s nuclear deterrent on high alert. Gold futures
AP with a useful read on the escalation from Putin over the weekend: Putin on Sunday told his top defense and military officials to put nuclear forces in a “special regime of combat duty,” but it was not immediately clear how that might have changed the status of Russian nuclear forces, if at all. Russia,
Oil prices slipped below $100 per barrel on Friday from $105 a day earlier as energy supplies from Russia escaped any direct US sanctions that came in the wake of the Russian invasion of Ukraine. Crude traded between $98 and $102 per barrel in international markets during the day. Russia had launched an invasion of