Russian ruble
Commodity Prices Soar
March 7, 2022
The prices of WTI oil and wheat — the two main exports of Ukraine and Russia — have posted overnight jumps of 6.2% and 7% as Nato allies are reportedly considering an embargo on imports of Russian energy. Gold briefly poked above $2000 per ounce overnight for the first time in a year and a […] More
Energy Prices Soaring as Both Russia and Ukraine Take a Beating
March 3, 2022
The price of West Texas Intermediate crude oil jumped another 3.5% overnight and has risen 52% since the end of 2021. The dollar jumped 11% overnight against the Russian ruble. Trading on the Russian stock exchange remains suspended. Russia’s banking system is gripped by an extreme liquidity shortage, and the country’s sovereign debt rating has […] More
Market Focused on Russia, China and Hungary
April 9, 2018
Amid concern over the impact of economic sanctions against Russia, the dollar has appreciated 3% against the ruble, and Russian equities plunged some 11% today. Facebook CEO Mark Zuckerberg will be testifying before Congress tomorrow and Wednesday. Expectations about how trade tensions between the United States and China get resolved continue to see-saw day-by-day, if […] More
Flurry of U.S. Data Awaited and More Central Bank Decisions Announced
September 12, 2014
U.S. retail sales, import prices and the U. Michigan consumer sentiment index get released today. The Central Bank of Chile cut its overnight interest rate by 25 basis points to 3.25% but express less certainty about more easing. Previous 25-bp cuts were made in August, July, March, February, November and October. Peru’s central bank also […] More
Stocks Down but Dollar Pretty Steady
April 25, 2014
Share prices fell 1.9% in Taiwan, 1.5% in Hong Kong, 1.3% in South Korea, 1.0% in China, 0.8% in India and 0.5% in Singapore. Equities firmed 0.2% in Japan. European stocks so far show losses of 0.9% in Germany and Italy, 0.8% in Spain, 0.4% in France and 0.2% in Switzerland and Great Britain. U.S. equities […] More
