LONDON—Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA) were due to discuss a further addition of oil reserves to the market alongside a planned 180 million barrel release by the United States. The benchmark Brent and WTI contracts were both on course for their biggest…
A Manufactured World Crisis
Commentary Few people today ask the most important question about the conflict between Russia and Ukraine. Many people want America to stay out of the fight, but even they don’t ask the vital question. Why does the world face a crisis today? Why has a border dispute between Russia and Ukraine escalated to the point…
Dollar Edges Higher on Safe-Haven Bid, Euro Drops
March 31, 2022
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The dollar edged higher on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the energy shock that has resulted from the war weighed on Europe’s economy. Hopes from earlier this week that peace talks would lead to a ceasefire in Ukraine five…
European Stocks Set for Biggest Quarterly Drop Since 2020
LONDON—European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine braced for fresh attacks. The MSCI World Equity index was down 0.3 percent on the day, while Europe’s STOXX 600 eased 0.2 percent to sit just below a one-month…
Wall Street Slips as Optimism Over Russia-Ukraine Peace Talks Ebbs
U.S. stocks fell on Wednesday led by megacap stocks, as optimism around the Ukraine-Russia peace talks faded and concerns grew over the prospect of rapid rise in interest rates hurting economic growth. The Kremlin said there was no sign of a breakthrough yet even though it welcomed Kyiv’s move to set out its demands in…
Euro Rises to Month-High Versus Dollar, Yen Recovers
LONDON—The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid warnings about the damage to Europe’s economy. Equity markets were up in the Asian session, continuing a pick-up in sentiment on Wall Street as markets became hopeful that…
Oil Rebounds on Tight Supply, Prospects of New Russia Sanctions
LONDON—Oil prices clawed back heavy losses to rise more than 2 percent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futures were up $2.44, or 2.2 percent, at $112.67 by 1054 GMT, reversing a 2 percent loss in…
Stocks Lose Steam, Bond Markets Suggest Pain Ahead for US Economy
LONDON—European shares fell on Wednesday after three straight days of gains, as signs in bond markets of pain ahead for the U.S. economy tempered hopes of a negotiated end to the Ukraine conflict. The broad Euro STOXX 600 fell 0.6 percent after three positive sessions that had taken the index back to levels reached before…
Euro Jumps After Ukraine Offers Neutral Status, Yen Rebounds
March 29, 2022
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The euro jumped on Tuesday after some progress was reported in peace talks between Russia and Ukraine. Russia promised at the talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees. The U.S. dollar was lower, while the…
Shares Grind Higher; Bonds Brandish Recession Warnings
LONDON—Global markets veered in different directions on Tuesday, with shares climbing to five-week highs, recession warnings growing in the government bond markets, and Japan’s yen headed for its worst month since 2016. Europe’s main bourses made strong opening gains, taking cues from Asia overnight after the Bank of Japan had defended its vast stimulus program,…
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