1 Minute Market Rundown – 27th April 2022 April 27, 2022 | City Talk Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
1 Minute Market Rundown – 26th April 2022 April 26, 2022 | City Talk Risk Stages a Comeback into the US CloseCrypto ReboundsSterling and Euro Continue to Look Vulnerable As you finished work yesterday you would have been forgiven for expecting risk markets to remain offered following what could only be described as a horrid day for markets. China’s ‘zero covid’ strategy as well as concerns over inflation weighed [...]
China zero-Covid policy sends chill through global markets April 25, 2022 Anxiety over the spillover effects on the global economy of China plunging more of its largest cities into lockdown as it ploughs ahead with its zero-Covid policy sent global markets tumbling today. A surge in infections has increased the likelihood of authorities tipping more cities into the most onerous Covid-19 restrictions, including China’s capital Beijing. [...]
Surging inflation and escalating lockdowns in China hit oil prices April 25, 2022 Oil prices have plummeted a further five percent, to their lowest levels in almost two weeks, compounding last week's heavy declines.
1 Minute Market Rundown – 25th April 2022 April 25, 2022 | City Talk Risk Firmly on the BackfootCrypto LowerSterling and Euro Looking More and More Vulnerable Risk remains heavy across the board as fears over covid in China weigh on markets compounded fears sparked by faster and more aggressive FED tightening. We are also seeing commodities come under pressure sparked by the China fears as well as yields [...]
Ukraine’s government writes to Shell, accusing the oil giant of ‘bankrolling Putin’s war with an accounting trick’ April 22, 2022 Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.” In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly. According to the Telegraph, despite a commitment to stop purchasing [...]
Insolvencies more than double as rampant inflation and rising interest rates hit firms April 22, 2022 Company insolvencies more than doubled last month as soaring inflation and rising borrowing costs pushed firms over the edge.
Industrial silver demand reached record highs last year April 21, 2022 Industrial demand for silver soared to a record high of 508m ounces last year, according to The Silver Institute.
Shares in London-listed mining firms tumble amid production shortfalls April 21, 2022 Spiralling costs, supply chain woes, and rampant inflation have piled on the misery for London-listed mining firms.
Shell in talks with Chinese state-backed firms as it looks to offload Russian energy stakes April 21, 2022 Shell has turned to China, as the energy giant looks to offload its chunky stake in a major Russian gas project.