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Brent prices drop following US President’s comments on escalating fuel costs
OIL Brent oil prices dropped below the $109 mark for the first time in a month, shedding six dollars during early Wednesday trading. The drop in prices came as the markets reacted to headlines reporting on President Biden’s willingness to intervene, in order to halt escalating fuel costs that are exacerbating the ongoing cost of[…]
Dollar hedges down following growing inflation worries
FOREX The US dollar hedged down during early Tuesday trading, with investors considering the stance of the Fed versus its peers, as central banks and political authorities around the world give account of growing worries over the rise of inflation. Remarks from the RBA’s governor on Tuesday, hinting at further tightening, triggered rises for the[…]
European markets react cautiously during early Monday trading
EUROPEAN SHARES Markets opened on a mixed tone on Monday, from Tokyo to London, as bearish drivers remain ahead of a new week. Only small moves were registered on most benchmarks so far, with lingering uncertainties and a lack of cash in the US, due to a bank holiday (Juneteenth), explaining today’s lower[…]