The Thai stock market declined today and came under selling pressure to reduce risks ahead of the Federal Reserve (Fed) meeting, which is considering another interest rate hike. As a result, the yield on the U.S. 10-year Treasury note rose to nearly 3%, putting pressure on the stock market. And selling pressure on small and …
Crude oil futures closed higher on Monday (May 2) following reports that the European Union (EU) is pushing for the imposition of sanctions on Russian oil. This could lead to a tightening of oil supply on the world market. WTI crude futures were up 48 cents, or 0.5%, at $105.17 a barrel. BRENT crude futures …
Crude Oil Rises Slightly – EU Sanctions Move Closer Read More »
Oil prices fell in Asia on Monday, due to the stagnation of trade in Asia caused by concerns about the slowdown of economic growth in China, the world’s largest importer of oil. There are also fears that supplies could be disrupted by the ban on Russian crude in the EU. Brent crude fell $1.21, or …
Crude Oil Falls on China Growth Worries – EU to Ban Russian Oil Imports Read More »
— The Dow closed more than 900 points lower, its worst one-day loss since 2020, as investors were disappointed with earnings releases from some publicly traded companies and worried about an acceleration in interest rate hikes after inflation in the United States was the highest since the 1980s. The Dow Jones Industrial Average closed at …
This is how the Stock, Oil, Gold and Foreign Exchange Markets Ended Last Week Read More »
Asia On Monday, Australia releases SSG Global’s final manufacturing purchasing managers’ index (PMI) for April, while South Korea releases its final manufacturing purchasing managers’ index (PMI) for April. Japan releases its April consumer confidence index. On Tuesday, South Korea releases its inflation rate for the month of April and the Reserve Bank of Australia meets …
Silver-bismuth solar cells could provide a lower-cost and more environmentally friendly alternative to current silicon-based solar cells, the Silver Institute reports.The report says researchers in Europe are currently working on solutions and have already conducted initial tests. The solar cells are supposed to consist only of the two components silver and bismuth and be cheaper …
Silver Bismuth Solar Cells are More Environmentally Friendly and Cost-Effective Read More »
Crude oil futures closed lower on Friday (April 29) after volatile trading and three straight days of gains. The oil market was under pressure as investors worried about the possible drop in oil demand amid the global economic slowdown and China’s shutdown. WTI crude futures were down 67 cents, or 0.6%, at $104.69 a barrel. …
Crude Oil Closes in the Negative – Germany Drastically Reduces Oil Imports from Russia Read More »
The S&P/ASX 200 index of Australian shares closed higher today in line with global equity markets. This was due to the strong performance of US tech companies helping to mitigate the impact of the US economic slowdown. The S&P/ASX 200 index closed at 7,435.00, up 78.10, or +1.06%, and the All Ordinaries closed at 7,724.80, …
The Chinese Ministry of Finance has announced that China will temporarily reduce import tariffs on all types of coal to 0%. The measure will be in effect from May 1, 2022, to March 31, 2023, and is intended to increase energy security in the country amid rising global coal prices and supply chain concerns. China …
Crude oil futures closed higher on Thursday (April 28) following reports that Germany, as well as other EU member states, may join oil sanctions imposed on Russia, which would further tighten global oil supplies. WTI crude futures rose $3.34, or 3.3%, at $105.36 a barrel. BRENT crude futures were up $2.27, or 2.2%, at $107.59 …
Crude Oil Closes Up 3% – Germany to Join Ban on Russian Oil Read More »