Market Overview - Page 113

Brent crude prices have jumped 13% since the start of the week, trading above $110 a barrel at the time of writing. These are the highest levels since July 2014. Meanwhile, the ruble continues to retreat against the dollar and.

Wheat futures on the CBOE are up 16% since the start of the week, the biggest rally since the poor harvest in 2012. At one point yesterday, the weekly rise was close to 20%. The price level was the highest.

Oil prices are up more than 7.5% so far today, bringing Brent close to $101 a barrel. Futures for gas, which is traded in the US, add more than 5% on a sharp aggravation of the situation around Ukraine. Putin.

The New Zealand dollar has been adding around 1% since the start of the day following the third key rate hike of 0.25 percentage points to 1.0% and comments from the RBNZ on the need for further policy tightening. Wednesday.

The S&P500 futures are trading on Wednesday morning with a slight gain of 0.3% after rising 0.5% on Tuesday. Meanwhile, the main index lost about 1%, taking back the downward momentum in world markets on Monday, when there was no.

At the start of Tuesday’s trading, gold was close to $1914, its highest level since June last year. However, we already saw a pullback under $1895 and a 0.45% drop. Interestingly, today’s opening gold rally seems more like a knee-jerk.

The geopolitical momentum of the escalation/truce situation around Ukraine strikingly has its weekly cycles. Harsh rhetoric seems to peak at the end of the week, followed by the weekend’s relief when the sides look for ways to negotiate, giving a.

Gold and oil, former beneficiaries of geopolitical tensions late last week, have gone their separate ways, with the former rising 2.4% and the latter losing 5% since the start of this week. Brent crude rolled back below $90 and, at.

UK retail sales added 1.9% in January, following a dip of 4.0% a month earlier. By the same month a year earlier, the increase was 9.1%, as January 2021 saw a sharp tightening of the lockdown and the vaccination campaign.

Bitcoin collapsed on Thursday, the most in almost a month amid sales of risky assets. BTC lost 7.7%, ending the day near $40,700. Ethereum fell 7.7%, while other leading altcoins from the top ten also fell, from 5.4% (Binance Coin).

The Ukrainian crisis is not likely to recede into the background anytime soon. Promising Russian statements about the withdrawal of troops are refuted by the West and Ukraine, near where the exercises are taking place. There was also a series.

Total US retail sales rose by 3.8% in January and by 3.3% ex auto and fuel vs expected 2.1% and 1.0%, respectively. Both figures confirm a favourable environment in the world’s largest economy for a tighter monetary policy. The nominal.