Oil prices currently relatively stable

On Tuesday morning of 18 October 2022, oil trading - according to economic correspondents - has already relatively stabilized, and after the decline of the exchange value of the American dollar (USD),...

‘Powerful explosions’ behind Nord Stream leaks, Danish police say

By Stine Jacobsen COPENHAGEN (Reuters) - A preliminary investigation of damages to the two Nord Stream gas pipelines in the Danish part of the Baltic Sea shows that the leaks were caused by "powerful explosions",...

EU countries at odds over how to tackle energy crisis

By Gabriela Baczynska and Charlotte Van Campenhout BRUSSELS (Reuters) - Croatia and Lithuania want a wholesale gas cap, Germany prefers other solutions, while Finland and Slovakia disagree on direct subsidies, the countries said on Tuesday...

Russian court fines Amazon 4 million roubles for failure to delete illegal content

MOSCOW (Reuters) -A Moscow court on Tuesday said it had fined Amazon.com Inc (NASDAQ:AMZN) 4 million roubles ($65,000) for failing to remove banned content relating to drug use and suicide, the first such penalty...

European shares at near two-week high amid UK fiscal plan optimism

By Amruta Khandekar and Devik Jain (Reuters) -Europe's STOXX 600 rose for the fourth straight session on Tuesday, building on the previous session's rally that was driven by Britain's reversal of its fiscal plan, with investors keeping...

Strong US dollar keeps the price of gold down

During the European Wednesday morning of 12 October 2022, gold trading has experienced a bear market on the commodity market. According to analysts, the strong exchange value of the US dollar (USD)...

Cryptocurrencies used to provide credit and short-term loans

A well-known crypto investor, Nexo, has agreed to buy an undisclosed stake in Hulett Bancorp, which owns the little-known Summit National Bank. Through Summit National Bank, Nexo plans to offer a range...

Porsche debuts with $72 billion price tag in bumper IPO

By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) - Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen (ETR:VOWG_p) priced...

Japan stocks higher at close of trade; Nikkei 225 up 0.95%

Investing.com – Japan stocks were higher after the close on Thursday, as gains in the Pharmaceutical Industry, Power and Paper & Pulp sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.95%. The best performers of the session on...

Dollar Surges Higher, Pound Retreats as BOE Relief Doesn’t Last

By Peter Nurse Investing.com - The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into the...

Oil prices drop as dollar strengthens, demand weakens

By Muyu Xu and Laura Sanicola (Reuters) - Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global...

Restoring investor confidence in the euro will not be easy

Taking into consideration the global situation and the recession period that is starting to manifest in most countries of the world, the exchange value of the single European currency - the euro...

Oil prices fall on fuel demand fears sparked by recession concerns

Taking into consideration the global situation and the recession period that is starting to manifest in most countries of the world, the exchange value of the single European currency - the euro (EUR) -...

APPEC: Vitol expects Russian oil to flow to Asia and Mideast

By Chen Aizhu and Jeslyn Lerh SINGAPORE (Reuters) -Russian oil is expected to come to Asia and the Middle East, while refined fuel produced in these regions will flow to the West as the global...

British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for...

The British Pound is trading at levels not seen since the Bretton Woods monetary system was abandoned in 1972. The US Dollar continues to trade higher as assets perceived as safe havens are being...

Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for...

The Japanese Yen is once again eyeing off the 145 handle to start the week. Intervention by the Bank of Japan selling USD/JPY last week saw tumultuous price action. A move back above 145...

Sunwing union opposes Canadian carrier’s plans to hire foreign pilots

By Allison Lampert (Reuters) -The union for Sunwing Airlines pilots said it is urging Canada's government to stop a plan by the Ontario-based leisure carrier to hire foreign pilots this winter to help cope with...

Courbit-led group offers 20 euros a share for M6 stake – Bloomberg News

(Reuters) - French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & Co.'s stake in television company Groupe M6, Bloomberg News...

The Bear Market Deepens: What I’m Buying

The Case For Concern In less than 6 weeks, the S&P 500 has dropped nearly 15%, and just pulled off the lows we saw in mid-June. A feeling of panic has crept into financial markets around the...

Cryptocurrencies peak interest in India

According to analysts, interest in cryptocurrencies has increased significantly. In this context, economic correspondents state that interest in cryptocurrencies is growing all over the world, in particular in India. According to a...

Gold near 1-month low

In the middle of the 35th week of 2022, gold lingered near 1-month low and was set for a fifth consecutive monthly drop. According to analysts and financial strategists this drop in the price of gold...

Oil prices climb more than $1/bbl ahead of OPEC+ meeting

By Emily Chow KUALA LUMPUR (Reuters) -Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting...

World economic forum in Jackson Hole begins

The annual meeting of world financiers takes place on 25-27 August in Wyoming, USA, in the mountain resort of Jackson Hole. The 2022 Economic Policy Symposium, which is primarily attended by heads...

Oil prices rise after a possible OPEC supply tightening

The Organisation of the Petroleum Exporting Countries (OPEC) expressed a possibility of supply tightening of oil production, in particular Saudi Arabia. The commodity market reacted by to this news by increasing oil...

Virtual currency Ether outperforms Bitcoin

According to technical analysis, the fall in the value of cryptocurrencies from June has already been overcome. One of the main findings is that the cryptocurrency Ether or Ethereum (ETH) has increased...

Slowdown in inflation growth halts the strengthening of cryptocurrencies

In the new trading week starting on 15 August, cryptocurrency traders recorded a lower volume of executed trades, and the market capitalization of the virtual currencies market returned to the level from...

Inflation data in the US show its decline

According to data published on 10 August 2022 by the US Department of Labor, there was a decrease in the inflation rate in the United States (US) in July 2022, to 8.5%...

Oil maintains its price below US$ 100 per barrel

On Tuesday, 9 August oil prices remain below US$ 100 per barrel on the commodity market, both for the light crude oil West Texas Intermediate (WTI) and for the North Sea Brent...

Americans debate about a recession

The US economy statistical data from 28 July 2022 showed a fall in the US gross domestic product (GDP) for the second consecutive quarter by -0.9%. Generally a decline in GDP reported...

Wall Street set to open lower ahead of July factory activity data

The US economy statistical data from 28 July 2022 showed a fall in the US gross domestic product (GDP) for the second consecutive quarter by -0.9%. Generally a decline in GDP reported in two...

Pre-Open Movers: Romeo Power, EVO Payments Jump on Buyouts; Boeing Gains as FAA Clears...

Pre-Open Stock Movers: Mobile Global Esports Inc (NASDAQ:MGAM) 48% HIGHER; sees continued momentum after Friday's IPO. Romeo Power Inc (NYSE:RMO) 22% HIGHER; Nikola Corporation, and Romeo Power Inc, today announced they have entered into a definitive agreement in which...

Dollar struggles at 6-week lows vs yen as markets ramp up recession bets

By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar was at its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise...

Drop in US oil stocks increase its price

At the beginning of the trading day on Wednesday, 27 July 2022 oil prices started to increase after industry data showed an unexpected larger drop in US crude stocks. On Tuesday 26...

Oil prices edge up on low inventories, high gasoline demand in U.S

By Florence Tan SINGAPORE (Reuters) -Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in...

EUR/USD Post-Fed Rebound Susceptible to US GDP, PCE Report

EUR/USD POST-FED REBOUND SUSCEPTIBLE TO US GDP, PCE REPORT EUR/USD trades within last week’s range as the Federal Open Market Committee (FOMC) retains its current approach in combating inflation, and it seems as though the central bank will...

Russia captures power station, redeploys troops toward southern Ukraine

(Reuters) - A Ukrainian counter-offensive has virtually cut off the Russian-occupied southern city of Kherson and left thousands of Russian troops stationed near the Dnipro River "highly vulnerable", British defence and intelligence officials said...

Australian Dollar Eyes Retail Sales as Iron Ore Rises, US Dollar Falls

THURSDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets are set to trade higher after a rosy New York trading session. Traders moved into risk assets following the Federal Reserve’s policy announcement. The market trimmed future bets on aggressive rate...

3 Trades In Video Game Giant Electronic Arts During Pre-Earnings Run-Up

Shares of the video game publisher Electronic Arts have been flat in 2022 Launch of Star Wars Jedi: Survivor could provide tailwinds in the second half of the year Long-term investors who can...

Kraft Heinz raises annual sales forecast on higher prices

(Reuters) - Kraft Heinz (NASDAQ:KHC) Co raised its forecast for annual organic sales growth and beat quarterly estimates on Wednesday, helped by higher prices for the Heinz ketchup maker's packaged meals and condiments. Pandemic-induced disruptions...

Eurozone in anticipation of rate hike

Investors and financial market traders, as well as the general public, are anxiously awaiting this Thursday, 21 July 2022. On this day, the European Central Bank’s (ECB) meeting will take place, and...

USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision

JAPANESE YEN TALKING POINTS USD/JPY carves a series of lower highs and lows after failing to test the September 1998 high (139.91), but the Bank of Japan (BoJ) interest rate decision may prop up the exchange rate...

Bitcoin Rallies into APAC Trading as Market Sentiment Brightens

WEDNESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific Markets are set to open higher after stocks and other risk assets rallied in New York overnight. The benchmark S&P 500 rose 2.76% as traders brushed aside disappointing corporate earnings reports. A softening...

Putin says Ukraine did not make good on preliminary peace deal

(Reuters) -Russian President Vladimir Putin on Wednesday said Moscow did not see any desire from Ukraine to fulfil the terms of what he described as a preliminary peace deal agreed to in March. Putin, speaking...

Cryptocurrencies and traditional financial markets are converging

Cryptocurrencies may not be „sufficiently integrated” into the rest of the financial system to pose an “immediate systemic risk,” said Jon Cunliffe, the Bank of England's Deputy Governor for financial stability. He...

Wells Fargo&Co Earnings, Revenue Miss in Q2

Investing.com - Wells Fargo (NYSE:WFC)&Co reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Wells Fargo&Co announced earnings per share of $0.82 on revenue of $17.03B. Analysts polled by Investing.com anticipated...

U.S. Bancorp Earnings, Revenue Beat in Q2

Investing.com - U.S. Bancorp reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. U.S. Bancorp announced earnings per share of $1.09 on revenue of $6.01B. Analysts polled by Investing.com anticipated EPS...

Dollar consolidates at 2-decade high; euro at parity

By Saikat Chatterjee LONDON (Reuters) - The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month,...

Euro falls to an all-time low against the US dollar

The single European currency - the euro (EUR), which celebrated its 20-year on the international foreign exchange – Forex market this year, fell to its all-time low against the US dollar (USD)....

Delta sees ‘meaningful’ full-year profit on resilient consumer demand

By Rajesh Kumar Singh CHICAGO (Reuters) - Delta Air Lines Inc (NYSE:DAL) on Wednesday forecast a "meaningful" profit for the full-year as robust travel demand helped it post its strongest quarterly earnings since the start...

India stocks lower at close of trade; Nifty 50 down 0.57%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Power, Oil & Gas and Technology sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.57%, while the BSE Sensex 30 index lost 0.69%. The best...

Euro hovers above parity before U.S. inflation data

By Elizabeth Howcroft LONDON (Reuters) - The euro edged higher on Wednesday, hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due later in the session that is...

Dollar Edges Higher, Euro Clings to Parity Ahead of U.S. CPI Release

By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Wednesday, while the euro languished close to parity ahead of the release of key U.S. inflation data which could cement further...

Brazil econ minister says Petrobras’ fast fuel price updates may not be ‘best tool’

BRASILIA (Reuters) -Brazil's Economy Minister Paulo Guedes said on Tuesday that state-owned oil firm Petrobras' frequent updating of fuel prices may not be the "best tool" for the economy and consumers. Speaking at a Senate...

Brent crude settles below $100/bbl on higher dollar, weak demand outlook

By Arathy Somasekhar HOUSTON (Reuters) -Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, COVID-19 curbs in top crude importer China,...

Oil prices fall after pressure from USA

During the early European trading hours of 22 June 2022, oil prices on the world commodity market fell amid pressure from US President Joe Biden, who is systematically and vigorously pushing to...

Dollar languishes as recession fears mount; yen bounces while won slides

By Kevin Buckland TOKYO (Reuters) - The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week...

Oil falls around 3% as investors eye U.S. Fed rate hikes

By Stephanie Kelly NEW YORK (Reuters) -Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures...

Saudi Arabia’s report causes oil prices to fall

Oil prices have fallen after the Organization of the Petroleum Exporting Countries (OPEC), more specifically Saudi Arabia, said it was ready to increase oil production if Russian output falls after EU sanctions....

British pound in trouble

According to Bank of America analysts, the domestic currency of the United Kingdom of Great Britain, the British pound (GBP) is in serious jeopardy in terms of its rating and position on...

US dollar drops to two-week low

The exchange rate of the US dollar (USD) dropped and according to the US Dollar Currency Index (DXY), in the short-term assessment, it is now the lowest since 5 May of this...

Gold goes head-to-head with the dollar

Based on recent global financial market developments, economic correspondents have concluded that gold has been competing hard against US dollar (USD) since April 2022. Reporters from the economic website capital.com predict gold...

Euro strengthens slightly after ECB’s statement

The President of the European Central Bank (ECB), Christine Lagarde, said on Monday 23 May 2022 that the ECB is likely to raise its deposit rate from negative level by the end...

Euro reaches five-year low

So far during the 20th week of 2022, the exchange rate of the single European currency, the euro (EUR) and the US dollar (USD) currency pair reached US$ 1.0349 per EUR, which...

Oil prices remain slightly above US$ 100 per barrel

The current course of oil trading on the commodity market shows that despite the agreement of OPEC and OPEC+ allies adopted at the latest meeting of this oil cartel on Thursday 5...

Price of gold rose slightly despite the strong US dollar

During the Tuesday trading morning of 10 May 2022, gold trading rose slightly, despite the still very strong exchange rate of the US dollar (USD), with the US domestic currency reaching its...

The largest rate increase in the US in the last 20 years

At its meeting on 4 May 2022, the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) raised the key interest rate by 50 basis points. The rise represents the largest increase in...

Moderna completes FDA submission for use of COVID shot in adolescents, kids

(Reuters) - Moderna (NASDAQ:MRNA) Inc has made all necessary submissions required by the U.S. Food & Drug Administration for emergency use authorization of its COVID-19 vaccine in adolescents and children, it said on Wednesday. The company is...

Toyota rolls out first battery electric car in cautious debut as rivals go full-throttle

By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver...

Bitcoin falls 7.2% to $28,758

By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver...

Dollar slips after CPI data as Fed expectations in check

By Chuck Mikolajczak NEW YORK (Reuters) - The dollar was lower on Wednesday after economic data showed inflation remained high but was unlikely to lead the Federal Reserve to shift to a more aggressive path...

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

By Nina Chestney LONDON (Reuters) -Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first...

Euro weakens against the US dollar trading below US$ 1.07 per EUR

Since the beginning of the new trading week, which is the 17th one of 2022, the exchange rate of the single European currency (EUR) continues to weaken against the US dollar (USD)....

US dollar climbs to a two-year high against the euro

In recent days the exchange rate of the US dollar (USD) has reached a roughly two-year high against the single European currency, the euro (EUR) and an 18-month high against the British...

Netflix drops Meghan Markle’s animated series ‘Pearl’

By Maria Ponnezhath (Reuters) - Streaming platform Netflix Inc (NASDAQ:NFLX) said on Sunday it had decided to stop work on Meghan Markle's family series "Pearl" as it reviewed animated content. Dropping several projects, including Markle's, was...

Tata, India’s electric vehicle king, takes a frugal road less travelled

By Aditi Shah PUNE, India (Reuters) - To make its first electric vehicle for the consumer market, India's Tata Motors (NYSE:TTM) Ltd repurposed an unused shop floor at its flagship plant. Here, there's no fancy assembly line...

Markets Week Ahead: Dow Jones, USD, GBP/USD, AUD/USD, Gold, FOMC, NFP, China, RBA, BoE

A wave of risk aversion spread through global financial markets last week, pushing major equity indexes across the United States, Europe and Asia lower. The Dow Jones Industrial Average (DJIA) shed over 1%, while the technology-heavy Nasdaq-100...

3 Stocks To Watch In The Coming Week: Advanced Micro Devices, Airbnb, Moderna 

Investors will be bracing for another volatile week in the stock market this week on signs that ongoing bearish sentiment has more room to run, especially when an adverse macroeconomic environment has begun to...

1 Stock To Buy, 1 To Dump When Markets Open: Activision Blizzard, Robinhood

Stocks on Wall Street plunged on Friday, with the tech-heavy NASDAQ Composite suffering its worst month since 2008, as technology shares sank following disappointing earnings and worries over looming Fed rate hikes. NASDAQ, DOW and SPX Daily Charts The week ahead...

S&P 500 and FTSE 100 Forecasts for the Week Ahead

&P 500 | ALL EYES ON POWELL The S&P 500 is on course to close its worst monthly performance since the Q1 2020 Covid Crash, down 6%. As we highlighted in our quarterly guide Fed policy remains...

Price of gold stagnates and a decline is expected

Recent developments show investors' concerns regarding a possible fall in gold prices due to the strengthening of the US dollar (USD) exchange rate due to further interest rate increases by the US...

First all-private astronaut team aboard space station undocks for flight home

By Steve Gorman (Reuters) -The first all-private astronaut team ever to fly aboard the International Space Station (ISS) departed the orbiting outpost on Sunday to begin a descent back to Earth, capping a two-week science...

Nissan shares fall 4% on report Renault exploring stake sale

TOKYO (Reuters) -Shares of Nissan (OTC:NSANY) Motor Co Ltd slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA (OTC:RNLSY) may consider lowering its stake in...

Euro inches up after Macron’s victory, gains against bruised sterling

By Saikat Chatterjee LONDON (Reuters) - The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak...

Macron beats Le Pen: Market reaction

By Saikat Chatterjee LONDON (Reuters) -Following is market reaction to French President Emmanuel Macron's victory over rival Marine Le Pen in Sunday's election. With 97% of votes counted, Macron was on course for 57.4% of the...

Markets Week Ahead: Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, US GDP

The Dow Jones Industrial Average (DJIA) dropped for a fourth consecutive week, sliding nearly 2% as risk-sentiment deteriorated sharply into the weekend. The trigger appeared to be a tangible increase in the Fed’s rhetoric to considerably...

1 Stock To Buy, 1 To Dump When Markets Open: Tesla, PayPal

Stocks on Wall Street plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since October 2020 amid mounting fears over the Federal Reserve’s plans to aggressively raise interest rates. Dow, S&P 500, NASDAQ...

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

A busy week ahead of US companies reporting Q1 earnings with household names including General Electric (GE), Microsoft (MSFT), Ford (F), Twitter (TWTR), Amazon (AMZN), and Apple (APPL) all set to deliver their latest...

Oil prices rose again by more than 6%

On Tuesday, 12 April 2022, the commodity market saw a sharp rise in oil prices, with daily increases in both, North Sea Brent crude oil and West Texas Intermediate (WTI) light crude...

Euro value continues to drop

Since the end of last week, the single European currency, the Euro (EUR), has seen its exchange rate fall, especially against the US dollar (USD). First, this currency pair traded at US$...

New Bitcoin payment method makes cryptocurrency more attractive

There is a new and highly efficient way to send US dollars (USD) incredibly quickly practically all over the world via bitcoin (BTC). Yesterday, Tuesday, 5 April 2022, Blockchain start-up Lightning Labs...

Spotify rebrands live audio streaming service

(Reuters) - Spotify Technology SA (NYSE:SPOT) on Tuesday re-branded its live audio-streaming service to Spotify Live and announced a slew of new content by top artists, as it doubles down on the format at a time...

Phillips 66 names Mark Lashier as next CEO, replacing Greg Garland

By Erwin Seba HOUSTON (Reuters) -Phillips 66 on Tuesday said Mark Lashier, its chief operating officer, will take over the fourth largest U.S. oil refiner from Chief Executive Greg Garland on July 1. Garland, who has...

Dollar rebounds as Brainard assures markets Fed will stay the course

By Hannah Lang WASHINGTON (Reuters) -The dollar rebounded on Tuesday after digesting slightly softer-than-expected U.S. inflation data, while the euro extended losses ahead of a policy-setting meeting at the European Central Bank. Federal Reserve Governor Lael...

US Dollar Price Action Setups Post-CPI: EUR/USD, GBP/USD, USD/JPY

This morning brought the release of March CPI figures into markets and, once again, the headline CPI print came out above expectations. This time, however, we crossed the 8% marker with an 8.5% print, constituting...

Biden to tap ethanol to lower fuel prices as consumer prices continue to surge

By Steve Holland, Alexandra Alper and Jarrett Renshaw MENLO, Iowa (Reuters) -U.S. President Joe Biden unveiled plans on Tuesday to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring...

Oil rises on OPEC warning and easing of Shanghai COVID curbs

By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday as lockdowns eased in Shanghai and as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to...

Opening Bell: Yield Rally Continues Ahead Of U.S. Inflation Data, Futures Waver

By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday as lockdowns eased in Shanghai and as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to...

US Inflation Hits Highest Rate Since 1981 at 8.5%, Dollar Falls on Core CPI...

Inflationary forces strengthened last month as Americans paid more for gasoline and groceries, pushing the cost of living to the highest level in more than four decades - a challenging economic environment that puts...

United States likely to release strategic oil reserves

On Wednesday evening March 30, 2022, the price of oil on the commodity market has started to decline by about 6%. According to financial strategists the main reason for this drop in...

Euro under pressure due to inflation and war in Ukraine

In recent times the eurozone countries are increasingly exposed to financial pressures, causing the euro (EUR) to depreciate against other major world currencies and, in particular, against the US dollar (USD).  On...