Markets & Industries
IMF assesses threat of a global crisis due to events in Ukraine - 03/14/2022
The International Monetary Fund (IMF) has not yet seen any preconditions for a global financial crisis due to the events in Ukraine and sanctions imposed on Russia, said IMF Managing Director Kristalina Georgieva. "Right now we don't. When we look at the contingency of banks with Russia, it's about $120 billion. Not to call it a negligible amount, but definitely not systemically significant," she...
Bloomberg: Uranium exchange prices rise to record highs - 03/11/2022
Uranium exchange prices soared to new highs not seen since the Fukushima nuclear disaster in 2011, says Bloomberg referring to data from the UxC company. The price of Ux U3O8 reference uranium has risen to $59.75 per pound. According to the agency, this could have happened as a result of impending penalties against Russian Rosatom. At least 35% of the world's uranium enrichment is done by the...
U.S. stock indices show sharp increase - 03/10/2022
The U.S. stock market rose sharply on Wednesday, breaking a four-day decline amid the conflict in Ukraine. The Dow Jones Industrial Average rose 2.00% to 3,3286.25 points, the NASDAQ high-tech index rose 3.59% to 1,3255.55 points and the S&P 500 broad market index rose 2.57% to 4,277.88 points. The indices posted their biggest gains since June 2020. Analysts suggest that bidders were buoyed...
Nickel trading in London will not resume until at least Friday - 03/09/2022
Nickel trades on the London Metal Exchange (LME) are unlikely to resume before Friday, the exchange said. The sanctions imposed by a number of countries against Russia have contributed to a spike in commodity prices due to concerns about disruptions of supplies to the market. A day earlier, the cost of nickel at the LME due to concerns about supply has jumped more than twice and for the...
Saudi Aramco head: events in Ukraine further exacerbate global energy crisis - 03/09/2022
The unfolding events in Ukraine are further exacerbating the global energy crisis, Saudi Arabian oil company Saudi Aramco CEO Amin Nasser said. "Unfortunately, the tragic events unfolding in Ukraine are exacerbating the global energy crisis further," Nasser said at a panel discussion at the ongoing CERAWeek international energy conference in Houston. Global oil and gas prices in recent weeks...
Analysts: The Fed does not intend to change its stance on rate hikes - 03/07/2022
US stock markets closed at the end of the week in the red zone. The conflict in Ukraine, imposition of sanctions and counter-sanctions, as well as suspension of operations of a significant number of companies in Russia forced investors to reconsider their forecasts. Geopolitical risks are a serious driver for commodity prices. Energy, metal and agricultural commodity prices are hitting all-time...
Musk calls to pump up oil and gas production - 03/07/2022
American entrepreneur Elon Musk has called for an immediate increase in oil and gas production, admitting that current volumes of green energy cannot replace Russian hydrocarbon exports. "It's hard to say this, but we need to increase oil and gas production immediately. Emergency times call for emergency measures," he wrote on Twitter. Prices of oil, gas and refined products, including petrol,...
IEA: Ukraine conflict may seriously affect energy security - 03/02/2022
According to the International Energy Agency, the military operation in Ukraine has not yet resulted in a global oil and gas market catastrophe, but it could have a significant impact on energy security. Russia is the world's top oil exporter, according to the report. In November 2021, OECD European countries (mainly of the EU, the UK, Switzerland, Norway, and Turkey) received 60 percent of...
IEA countries to discuss impact of conflict in Ukraine on oil market - 03/01/2022
International Energy Agency (IEA) countries will hold an extraordinary energy ministerial meeting on Tuesday, March 1, to discuss the impact of events in Ukraine on the oil market, IEA head Fatih Birol said. "We will hold an extraordinary IEA ministerial meeting tomorrow on the impact of Russian troops entering Ukraine on oil supplies and what role IEA members can play in stabilizing energy...
U.S. government debt yields fall amid situation in Ukraine - 03/01/2022
The yield on ten-year US Treasury bonds declined by 0.07 percentage point. During the Russian special operation in Donbass, the yield on 10-year US Treasury notes, which are regarded the benchmark and most popular government debt instruments in this nation, declined by 0.07 percentage points to 1.90 percent each year, according to CNBC. In addition, the 30-year bond yield fell by 0.06...
