London nickel prices more than doubled on Tuesday to cross the $100,000-a-tonne level for the first time ever, as tension in eastern Europe showed no signs of cooling and growing sanctions against Russia fuelled fears of a disruption in supply. Three-month nickel on the London Metal Exchange soared 66.5% to $80,025 a tonne by 0635
nickel traded on the London Metal Exchange Monday, with a 90% jump that went as high as $55,000 a metric ton before closing at $48,078. Things went even wilder on Tuesday, rising as high as $100,000 — nearly quadruple the price last Friday. That sounds dramatic, but it’s unlikely that you’d notice the ripple effects
Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy. Commercial big names like McDonald’s, Coca-Cola, and Pepsi also finally joined to halt businesses in
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with more than 5% rebound. US futures also point to higher open. Both gold and oil
In this article DKS Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported profits and sales growth in its holiday quarter that topped analysts’ estimates, as the company laps massive gains from the prior year
In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares tumbled in extended trading Tuesday
Easing Ukraine-Russia tensions weighed on XAUUSD demand. Gold Price corrected extreme overbought conditions, but bulls defend the downside. European indexes trade in the green, supporting Wall Street’s futures. Gold Price is slowly recovering its shine, battling to recover the $2,000 level. The bright metal plummeted to $1,975.67 a troy ounce ahead of the US opening,
Silver’s appetite decreased as investors sought higher returns on an upbeat market mood. US Treasury yields rise, a headwind for the white metal. XAG/USD Technical Outlook: Still upward biased, despite the correction to the $25.60 area. Silver (XAG/USD) retreats from eight-month-old highs near the $27.00 mark due to market players’ increase of risk appetite, spurred
The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to the UK financial journal, Yousef al-Otaiba, the
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USDJPY above the 100/200 hour MAs The USDJPY has seen a run back to the upside today which comes a day after racing to the downside (on Friday). The move higher today reached 115.467. That was short of the high from Friday at 115.55, but was able to take the price back above the 100/200
The euro is up by 0.2% on the day against the dollar, holding around 1.0870-80 levels currently. The high earlier hit 1.0920 after the news on the EU potentially stepping up spending on energy and defence amid the Russia-Ukraine crisis. The details remain light on that front, so we’ll have to wait and see if
The London Metal Exchange (LME) said on Tuesday it has suspended the trading of nickel on all venues for at least the rest of the day after prices more than doubled to cross a record $100,000 per tonne level. “The LME has taken this decision on orderly market grounds,” the exchange said in a statement,
US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is paring gains. Gold is consolidating below 2k handle but the retreat is shallow. WTI crude oil is holding firm in
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on Monday, March 7, 2022. Bloomberg | Getty Images Sales of Lego building kits continued to soar in 2021, as kids and adults stayed home to build “Star Wars” and “Harry Potter” models long after the
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