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MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could squeeze price-sensitive Asian and

Euro’s broad based selloff continues today, even though it’s still holding in range against Dollar and Sterling. But overall, European majors are weak. The greenback is somewhat capped by falling benchmark treasury yield. Yen is firm on risk-off sentiment but it’s slightly out-performed by Aussie. In other markets, stocks are generally pressured in Europe while

USD/JPY is down from around 115.05 at the start of the session and the retreat comes as we see flows spill over into bonds and away from equities in European morning trade. 10-year Treasury yields are down 3.6 bps to 1.803% from roughly 1.86% earlier today. Meanwhile, S&P 500 futures are down 0.7% after having

Gold prices eased on Tuesday after strong performances in the past few sessions, as Russian and Ukrainian officials began ceasefire talks and Western countries ramped up sanctions against Moscow, dampening the demand for safe-haven assets. FUNDAMENTALS Spot gold was down 0.3% at $1,902.15 per ounce, as of 0149 GMT, after a more than 1% gain

Sentiment in the markets sinks again after Russian President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday, in response to unprecedented sanctions by the West, including blocking Russian banks from SWIFT. Meanwhile, Ukraine is holding on to defending from Russian invasion, with increasing support from Europeans and others in the world. Asian

The bad news today was the Russian Ukraine talks ended with little progress. The good news is that they seem to be heading for a 2nd round. Today (and over the weekend) US and NATO allies continued to tighten the screws via additional sanctions directed toward leaders, and businesses, financial institutions and Russia’s central bank

New Delhi: Gold prices rose by Rs 429 to Rs 50,577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine, according to HDFC Securities. The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade. Silver

Markets are staying in risk aversion today with heavy selling in stocks. Expectations on the negotiation between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin are low. Meanwhile, other markets are relatively steady. In forex, Swiss Franc, Yen and Dollar are still the stronger ones ,while Euro is the weakest. But still, most pairs

The dollar opened with a gap higher against many major currencies today as traders sought safety, with the yen also boosted initially. Both have given up quite a bit of their early gains but are still sitting comfortably higher against the likes of the euro, aussie, kiwi and loonie. The yen did lose more ground

NEW DELHI: Gold prices spiked more than 1.5 per cent on Monday as the yellow metal was set for best monthly gain in the last three quarters amid rising global worries. Western countries slapped fresh sanctions on Russia for invading Ukraine and President Vladimir Putin put his country’s nuclear deterrent on high alert. Gold futures

LONDON – OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday. The data – part of a report the Joint Technical Committee (JTC) prepares for OPEC+

Oil prices slipped below $100 per barrel on Friday from $105 a day earlier as energy supplies from Russia escaped any direct US sanctions that came in the wake of the Russian invasion of Ukraine. Crude traded between $98 and $102 per barrel in international markets during the day. Russia had launched an invasion of

I highlighted a under-appreciated trend last week: Public pressure to do more to punish Russia. It started with Biden’s press conference where he was hit with question after question about harsher sanctions and cutting of Russia from SWIFT. That same pressure has hit politicians everywhere. One-by-one, leaders have been peppered with similar questions and there

A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel. The Organization of the Petroleum Exporting Countries and allies, known

The markets had a roller coaster ride on Russia’s invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies Ukraine while packages of sanctions were imposed, up to Russian President Vladmir Putin. It’s also

The US stock indices tacked on another positive performance with the Dow taking the center stage with it’s biggest day in 2022. The Dow rose 834 points on the day or 2.51%. The Nasdaq was the weakest performer but it still added 1.64% after yesterday’s 3.35% gain. The S&P rose 95.95 or 2.24%. European shares

Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen countries touch its shores, though it’s vital to many others beyond, for the trade of energy, steel and agricultural products. Crude

Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold is back pressing 1900 handle while WTI oil is trading around 96, after breaching 100 briefly. In the currency markets,