— The Australian stock market (S&P/ASX 200) closed higher today, matching the U.S. stock market, which closed in positive territory last night. Industrial and materials stocks led the market after a recovery in commodity prices. The S&P/ASX 200 Index closed at 7,478.00, up 35.20 or +0.47%, and the All Ordinaries Index closed at 7,772.00, up …
Coal mining and the generation of energy from coal are being pushed back further and further in the Western world, especially in the United States and the EU. This is mainly due to the high CO2 emissions caused by energy generation from coal. In Asia, the issue of CO2 emissions is also being addressed, but …
Asia’s Largest Open-Pit Mines Outside China Are Mainly Coal Mines Read More »
— The DOW closed higher on Friday and ended the week with an overall gain of 0.31%. However, for the year, the DOW fell by 4.06%. The S&P 500 also closed slightly higher on Friday. For the week, this results in a plus of 1.79%, but for the year a minus of 4.68%.In addition, U.S. …
The gold price continues to move at a high level, despite the fact that at the moment much is probably also due to the war in Ukraine. But even before the outbreak of the war, the sentiment around the precious metal was bullish. Surprising was also the interest rate hike, but also the statements of …
Interest Rate Hike and Fed Announcement Leave Gold Unimpressed Read More »
— The Dow on the New York Stock Exchange closed higher on Friday (March 18), while the Nasdaq was supported by significant gains in technology stocks. The meeting between US President Joe Biden and China’s President Xi Jinping on the Ukraine crisis ended without much of a surprise. The Dow Jones Industrial Average closed at …
Stock Market, Oil, Gold and Currencies Review of the Past Week Read More »
The war in Ukraine continues after Russian troops invaded, even though Russian President Putin says talks between the two sides are pointing in a positive direction. Meanwhile, the West, led by the United States, has imposed tough sanctions on Russia: Bans on imports of Russian oil, gas, and coal, as well as the exclusion of …
Today, Tuesday (March 8, 2022), the stock markets in Asia are still deep in the red. The current situation around Ukraine is causing great uncertainty among investors. While the stock markets are on fire, commodity prices are soaring. Oil prices rose yesterday to a 14-year high and gold was able to crack the 2,000 dollar …
More Downward Pressure Expected The stock markets, especially in Europe, suffered substantial losses last week. For example, the EuroStoxx 50 lost almost 5% on Friday alone and almost 10% on a weekly basis. The FTSE 100 fell 6.71% last week to 6,987.14 and France’s CAC 40 was down 8.97% to 6,061.66, while Germany’s DAX index …
What To Expect From The Markets This Week – Asia Starts Off in Deep Red Read More »
Oil prices currently know only one direction, and that is up. The invasion of Russian troops in Ukraine has given even more impetus to the price of oil, which has been getting stronger again over the past year anyway. Especially since the situation in Ukraine seems to be far from over. The fighting is now …
$150 Oil Price on the Horizon as No One Wants to Touch Russian Oil Read More »
Last week, investors reacted to reports that Russia signaled its willingness to negotiate with Ukraine. That’s what Russian President Vladimir Putin said last week. The news about it caused the markets to rise slightly on Friday. —- The Dow Jones Industrial Average closed up more than 2% on Friday (Feb. 25), its biggest one-day gain …
Stock Markets, Oil, Gold and Currency Movements from the Previous Week Read More »