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Ukraine Crisis Escalates with Closure of Gas Pipeline, Sanctions

Ukraine Crisis Escalates with Closure of Gas Pipeline, Sanctions

Last news
2 years ago

The conflict in Ukraine finally spilled over into concrete action, with Germany announcing the suspension of the Nord Stream 2 gas pipeline and the US declaring sanctions on Russia. Germany said it was halting certification of the Nord Stream 2 ga...

Investors Jittery Despite Solid Earnings

Investors Jittery Despite Solid Earnings

Stocks news
2 years ago

Positive corporate earnings data is pouring into Wall Street, but it is not doing much to calm the nerves of investors who are fixated on increasing inflation, the Fed’s next move, and events in Ukraine. Earnings growth for S&P 500 compa...

Asian Currencies Lifted by Hopes of Ukraine Summit

Asian Currencies Lifted by Hopes of Ukraine Summit

FOREX news
2 years ago

Asian currencies showed positive signs on Monday, after risk appetite improved on US and Russian plans for a summit on the Ukraine crisis. The South Korean won and the Thai baht climbed about 0.2%, while the Philippines peso and the Singaporean do...

UK Inflation at Near 30-Year High

UK Inflation at Near 30-Year High

Economy news
2 years ago

The sterling edged upwards after the UK’s inflation numbers soared to a nearly 30-year high, prompting widespread expectations that the Bank of England (BoE) would further hike interest rates. The annual rate of consumer price inflation rose...

Miami Emerges as Crypto Epicenter

Miami Emerges as Crypto Epicenter

Blockchain-based venture capital transactions continued to surge in 2021, with Miami emerging as the surprise epicenter of this growth. Investment in this overall sector rose by an impressive 2,061% in 2021, according to an analysis of tens of tho...

Euro Leads Market Rebound on Cooling Ukraine Tensions

Euro Leads Market Rebound on Cooling Ukraine Tensions

FOREX news
2 years ago

The euro rallied in Tuesday’s trading on news that Russia announced it would pull back some of its troops from the Ukraine border. However, no sooner had the currency jumped 0.45% did it soften to $1.1347 on the news of a cyber-attack affect...

Dow Falls on Ukraine Uncertainty

Dow Falls on Ukraine Uncertainty

Last news
2 years ago

Wall Street was awash with uncertainty yesterday as investors stayed jittery over the potential conflict between Russia and Ukraine. US stocks fell after news emerged that the US would close its embassy in Kyiv. The Dow slid by 172 points, or 0.5%...

Copper Prices Rise as Inflation Fears Mount

Copper Prices Rise as Inflation Fears Mount

Commodities news
2 years ago

The price of London copper rose on Monday as investors continued to look for a hedge against inflation, which shows no sign of cooling down. The three-month copper price on the London Metal Exchange (LME) climbed 0.4% to $9,899.5 a ton. According...

Emerging Markets Look to Avoid Fed Fallout

Emerging Markets Look to Avoid Fed Fallout

Economy news
2 years ago

Emerging market funds look set to perform better this month than they historically have when the US Fed hikes interest rates. Emerging economies normally brace for a strong dollar, since they have often borrowed heavily in the greenback and suffer...

Brazil to Increase Key Interest Rate

Brazil to Increase Key Interest Rate

Economy news
2 years ago

Analysts expect Brazil’s central bank to increase the benchmark interest rate as the country tightens monetary controls, with several more increases in the pipeline. Market watchers expect rake hikes in March and May, with interest rates exp...

Asian Stocks Welcome US Tech Stock Rally

Asian Stocks Welcome US Tech Stock Rally

Stocks news
2 years ago

Major Asian shares held firm this week after a strong showing from tech stocks on Wall Street. All three main Wall Street indexes closed higher, with tech stocks, including Apple and Microsoft, showing gains. The MSCI Emerging Market Index, coveri...

Investors Search for New Cryptos

Investors Search for New Cryptos

Despite Bitcoin’s price swings in the last few months, many investors remain undeterred and are looking for new cryptocurrencies in which to invest. Bitcoin has clawed back about 16% of value over the past two weeks to sit above $41,000. Som...

Meta Networks Suffers Market Cap Rout

Meta Networks Suffers Market Cap Rout

Stocks news
2 years ago

Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s...

Hawkish ECB Turn Blindsides Australia Dollar

Hawkish ECB Turn Blindsides Australia Dollar

FOREX news
2 years ago

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced &ldq...

Bank of England Ready to Respond to Inflation Pressure

Bank of England Ready to Respond to Inflation Pressure

Economy news
2 years ago

The Bank of England (BoE) is expected to hike interest rates again this week as it continues to pull away from its pandemic-era stimulus that includes a slowing of its bond-buying plan. A majority of influential economists said in a recent poll th...

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