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The London Metal Exchange (LME) said on Tuesday it has suspended the trading of nickel on all venues for at least the rest of the day after prices more than doubled to cross a record $100,000 per tonne level. “The LME has taken this decision on orderly market grounds,” the exchange said in a statement,

Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with more than 5% rebound. US futures also point to higher open. Both gold and oil

Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy. Commercial big names like McDonald’s, Coca-Cola, and Pepsi also finally joined to halt businesses in

The euro is up by 0.2% on the day against the dollar, holding around 1.0870-80 levels currently. The high earlier hit 1.0920 after the news on the EU potentially stepping up spending on energy and defence amid the Russia-Ukraine crisis. The details remain light on that front, so we’ll have to wait and see if

London nickel prices more than doubled on Tuesday to cross the $100,000-a-tonne level for the first time ever, as tension in eastern Europe showed no signs of cooling and growing sanctions against Russia fuelled fears of a disruption in supply. Three-month nickel on the London Metal Exchange soared 66.5% to $80,025 a tonne by 0635

US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is paring gains. Gold is consolidating below 2k handle but the retreat is shallow. WTI crude oil is holding firm in

New Delhi: Gold in the national capital on Monday rallied by Rs 1,298 to Rs 53,784 per 10 gram in line with strong international precious metal prices and sharp rupee depreciation, according to HDFC Securities. The yellow metal had in the previous trade finished at Rs 52,486 per 10 grams. Silver also jumped Rs 1,910

Entering into US session, markets are starting to digest the steep moves made earlier today. Euro is paring some losses and it’s indeed trading in black against Sterling, Swiss and Yen at the time of writing. Swiss Franc has apparently turned weaker, probably on concern that SNB could intervene any time market stabilizes. Nevertheless, Aussie

EUR/USD was down to a low of 1.0807 roughly two hours ago but have quickly turned around to nearly erase all of its declines for the day, trading up to 1.0920 currently. EUR/CHF has also risen from parity to 1.0080, up 0.6%, with a little help from the SNB surely. Meanwhile, EUR/GBP has also erased

NEW DELHI: As global financial markets reel under the impact of the largest military conflict seen in Europe since the Second World War, India faces the return of a much feared spectre – the twin deficit challenge. The economic damage inflicted by the COVID-19 crisis has compelled the government to delay fiscal consolidation and widen

Moves in the markets are intensifying as another week starts, as Russia’s invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy’s plea for creating a no-fly zone over the country. But they’re now considering to step up sanctions on Russia by banning its oil exports. Asian stocks are trading in deep red while

SINGAPORE – Aluminium prices climbed to an all-time high on Thursday, while nickel surged to its highest in 11 years as Russia’s invasion of Ukraine prompted further sanctions on Moscow, raising trader concerns over supplies from the Black Sea region. Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all

With crude oil prices at eight-year high, concerns over funding of infrastructure projects especially in the roads and water segments have been rising. What worries analysts is that rising energy prices may force the government to reduce the roads and infrastructure cess (RIC) once again to limit the impact on the prices of crude derivatives

NEW YORK: With surging oil prices, concerns about the hawkishness of the Federal Reserve and fears of Russian aggression in Eastern Europe, the mood on Wall Street feels like a return to the 1970s. Other than bell-bottoms, the only thing missing so far is stagflation, which occurs when an economy experiences rising inflation and slowing

Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than a decade. Gold was originally steady but staged a late rally, probably as people remembered

The major European indices are closing the day at sharply lower. For the week, the losses are shocking as investors get out of Europe. A look at the closing levels for the day shows: German DAX, -4.41% France’s CAC, -4.97% UK’s FTSE 100, -3.48% Spain’s Ibex, -3.63% Italy’s FTSE MIB -6.24% For the trading week,

New Delhi: Oil prices nearly touched $120 a barrel on Thursday as traders began avoiding Russian supplies, turning fears of a global supply disruption into reality. Oil prices rose to $119.84 per barrel–the highest since 2012–on Thursday before giving up a few dollars per barrel. US crude stockpile’s decline to multi-year lows also aided the

Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm payroll report from the US. But