Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction According to customs statistics, record amounts of fuel oil from Latin America arrived in the United States in March, as refiners sought alternatives to Russian feed stocks ahead of Washington’s April 22 deadline to cease Russian oil imports. Last month, US Gulf […]
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average […]
European markets end the day neutral, reflecting global caution; Vestas surges 8%
European markets end the day neutral, reflecting global caution; Vestas surges 8% On Tuesday, European stock markets were divided as investors focused on the Ukraine-Russia crisis and economic statistics. The Stoxx 600 index in Europe concluded flat, with utilities up 2% and construction and material sectors down 1.8 percent. In terms of individual stock price […]
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down On Monday, the S&P and Dow indices fell from record highs as fears over mounting COVID-19 cases weighed on oil and other growth-sensitive industries. Energy stocks, which were down 1.2 percent, took the brunt of the selling as […]
Factory growth in the Euro zone slowed in March, Indicating downturn possibility
Factory growth in the Euro zone slowed in March, Indicating downturn possibility According to a study, manufacturing growth in the Eurozone slowed considerably last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, reduced demand, and shook confidence, while increasing energy costs prompted a broader price rise. The invasion’s uncertainty, combined with a […]
The US Dollar Index is testing 4-week lows at 97.70 ahead of data
The US Dollar Index is testing 4-week lows at 97.70 ahead of data The greenback has been under pressure this week, trading at multi-week lows of 97.70 when measured by the US Dollar Index (DXY) on Thursday. For the third session in a row, the index loses ground and trades at the 97.70 level, despite […]
As Treasury rates rise, the S&P 500 finishes higher with financials
As Treasury rates rise, the S&P 500 finishes higher with financials The S&P 500 finished higher on Friday as banking stocks rallied following a surge in the benchmark Treasury yield to its highest level in almost three years. The Nasdaq closed down, with tech and other large growth companies mainly falling, but they finished off […]
The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level
The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level Last week, the number of Americans filing new jobless benefits claims fell to a 52-1/2-year low, while unemployment rolls continued to decline, indicating fast reducing labour market slack that will continue to support wage inflation. The Federal Reserve may raise […]
Options traders see the stock rally as an opportunity to buy downside protection
Options traders see the stock rally as an opportunity to buy downside protection Risk appetite has returned to Wall Street following a nasty start to the year, but some experts caution that the respite in volatility may be fleeting and encourage investors to be wary of more stock market gyrations. The Cboe Volatility Index, which […]
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350 The AUD/USD broke a three-day rally from a monthly low during Friday’s Asian session, and is now trading at the intraday low of 0.7370. In doing so, the Aussie pair reflects the market’s trepidation ahead of a crucial phone conference between […]
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions USD/CNH is down for the third day in a row after reversing from a five-month high and the 200-day moving average. Nonetheless, the price shows minor losses around the 6.3600 mark during Thursday’s Asian session. The offshore Chinese yuan […]
For the third month in a row, foreign inflows into US Treasury securities were recorded in January
For the third month in a row, foreign inflows into US Treasury securities were recorded in January Net foreign inflows into Treasuries increased for the third month in a row in January, totaling $74.36 billion, according to data released by the US Treasury Department on Tuesday. According to Treasury International Capital (TIC) data, private […]
XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns
XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns Gold (XAU/USD) re-establishes an intraday low around $1,942, down 0.45 percent on the day, as COVID-19 concerns about China add to the yellow metal’s recent weakness during Tuesday’s Asian session. Bears are also aided by mixed concerns about the Russia-Ukraine crisis, […]
Consumer prices in Japan rose in January, but at a slower rate
Consumer prices in Japan rose in January, but at a slower rate Japan’s core consumer prices rose for the fifth month in a row in January, but at a slower rate than the previous month, raising the prospect that the country’s central bank will lag behind other economies in raising interest rates. Consumer inflation is […]
Shares rise as oil prices fall amid optimism about Ukraine’s progress
Shares rise as oil prices fall amid optimism about Ukraine’s progress On Monday, most stock markets rose and oil fell on hopes for progress in Russian-Ukraine peace talks, even as fighting continued, while bond markets braced for rate hikes in the United States and the United Kingdom this week. While Russian missiles struck a large […]
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine The EUR/USD is licking its wounds after the ECB while making its way to 1.1000, up 0.15 percent intraday during the mid-Asian session on Friday. The pair’s recent movements could be attributed to the market’s uncertainty about the […]
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures Goldman Sachs Group Inc and JPMorgan Chase were the first U.S. banks to stop doing business in Russia after it invaded Ukraine, while Credit Suisse said it had 1.6 billion Swiss francs ($1.73 billion) in gross exposure to […]
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce On Wednesday, gold suffered greatly as risk sentiment improved. After reaching a 19-month high at the start of the week, the precious metal fell back below $2,000 per ounce. Spot gold fell 3.3 percent to $1,976 per ounce, capping a rally that […]