LONDON—Stocks edged higher on Wednesday, but gains were capped by questions over how far real bond yields will rise as investors sifted through disappointing Netflix earnings and war continued in Ukraine. The STOXX index of 600 European companies gained 0.4 percent to 458.17 points. The MSCI all country stock index was 0.2 percent firmer. Investors…
Oil Could Surge to $185 a Barrel If EU Bans Russian Crude: JPMorgan
April 20, 2022
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Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude up to $185 per barrel. Natasha Kaneva, Head of Global Commodities Strategy at JPMorgan, said in a note cited by Bloomberg that if the E.U. decides to expand its limited embargo…
Ukraine Conflict to Test Resilience of Global Financial System: IMF
April 19, 2022
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WASHINGTON—Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial system at a time when interest rates are rising sharply, the International Monetary Fund (IMF) warned in its biannual Global Financial Stability Report on Tuesday. While there has so far been no globally…
Oil Dips in Volatile Trade Amid Demand Concerns, Supply Disruptions
LONDON—Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown. Brent crude was down $1.41, or 1.2 percent, to $111.75 a barrel at 1028 GMT, after rising more than $1 to…
European Stocks Down, Yen Hits 20-year Low as US Hikes Loom
LONDON—European shares were lower on Tuesday, while yields on 10-year U.S. inflation-linked bonds were close to turning positive for the first time in two years, as the prospect of aggressive Fed tightening to rein in inflation kept investors on edge. Investors were also preparing for the next barrage of company earnings that will help them…
War in Ukraine to Have Long-Term Impact on Food Prices: UN Report
April 18, 2022
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The conflict in Ukraine and the sanctions on Russia are having a major impact on the world’s grain supplies, which will dramatically raise the cost of food along with energy and debt the longer the fighting continues. “The war in Ukraine, in all its dimensions, is producing alarming cascading effects to a world economy already…
Wall Street More at Risk to Commodity Trading Exposures Due to Russia Conflict
April 18, 2022
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Commodities trading exposures have been going up on Wall Street, following Russia’s invasion of Ukraine, which may leave banking firms vulnerable to large swings in asset values, according to an April 18 story from Reuters. Goldman Sachs Group (GSG) and JPMorgan Chase have both reported a rise in commodities trading risk measures, according to their…
Oil Prices Near 3-Week High as Supply Worries Dominate Market Sentiment
Crude oil prices were trading close to a three-week high on April 18 amidst fears of supply disruption due to the ongoing Ukraine crisis. Brent crude oil futures hit a high of $113.80 per barrel, a level unseen since March 30. U.S. West Texas Intermediate futures hit $105.55 per barrel, which was also the highest…
Natural Gas Eyes $8 As Prices Surge to Highest Levels Since 2008
April 18, 2022
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Natural gas futures are trading at their highest levels in more than 13 years, with the May contract flirting with $8 per million British thermal units (Btu). The energy commodity has been rallying on market tightness, driven by lower-than-normal temperatures in the United States and Europe and strong export demand amid Russia’s invasion of Ukraine….
US Natural Gas Prices Highest Since 2008
U.S. natural gas prices have reached levels not seen in a decade and a half, with the U.S. benchmark Henry Hub natural gas price edging close to $8 per million British Thermal Units (BTUs) on Monday afternoon. The last major Henry Hub price spikes in 2008 and 2006 were due in part to hurricane activity…
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