Conflict
Conflict

Conflict

16
May

Todays Economic Calendar

Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]

Share This Post
08
May

Oil prices creep higher as recession fears begin to fade

SINGAPORE (Reuters) -Oil prices rose slightly on Monday as traders remained cautious despite receding fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November. Brent crude futures were up 11 cents, or 0.2%, at $75.41 a barrel at 0252 GMT. U.S. West Texas Intermediate (WTI) […]

Share This Post
05
May

The Morning Market Brief

Better-than-expected earnings from Apple provided support for US100 during an overnight session. However, gains on the index were halted in the 13,115 pts area and the index has traded sideways since. Source: xStation5

Share This Post
05
May

Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows

LONDON (Reuters) -Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities show. Israel’s National Bureau for Counter Terror […]

Share This Post
04
May

Global gas markets rebalancing, to remain tight in 2023- IEA

LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas deliveries to the […]

Share This Post
01
May

North Korea blasts U.S.-South Korea summit deal for escalating tension

SEOUL (Reuters) – North Korea criticized a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of a nuclear war,” state media KCNA said on Monday. U.S. President Joe Biden and South Korean President Yoon Suk Yeol held a summit last week, during […]

Share This Post
01
May

Energy & precious metals – weekly review and outlook

So, was it just a gap that needed to be filled? Or was it reflective of demand worries ahead of recession winds? Whatever the case, there’s one less uncertainty on the oil market now after last week’s tumble in crude prices that finally filled the gap up open from April 3 forced by OPEC+’s production maneuver. The […]

Share This Post
28
Apr

NATGAS Surges

NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.

Share This Post
27
Apr

Yuan overtakes dollar to become most-used currency in China’s cross-border transactions

SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise use of the yuan. Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a […]

Share This Post