The prospect of cheaper borrowing costs dimmed this week as surging oil prices and rising inflation gripped the financial world. Brent crude jumped nearly 4% to reach $111.51 per barrel, …
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Markets
“Trumpflation”—the inflationary pressure resulting from the U.S. administration’s military strategy in Iran—has landed on British doorsteps in the form of higher mortgage bills. New research shows that the average cost …
Investors found a window of opportunity on Monday as a sharp decline in oil prices triggered a robust relief rally across U.S. exchanges. The S&P 500 recorded its best performance …
Norway’s state-owned energy giant, Equinor, has become one of the most significant financial winners of the current global energy crisis. As Europe’s largest supplier of natural gas, the company’s shares …
Asian equities fell sharply on Friday as ongoing conflict in the Middle East continued to unsettle financial markets. The dispute involving Iran and the United States has pushed oil prices …
Shipping lanes in the Middle East have turned into a theater of war, pushing international oil benchmarks back into triple digits this Thursday. Iranian forces have reportedly struck multiple merchant …
The effective closure of the Strait of Hormuz has created a massive 20-million-barrel daily deficit in the global oil market, pushing prices into a period of extreme volatility. On Monday, …
Markets witnessed an extraordinary reversal in precious metals as gold crashed 8% to $4,465 an ounce on Monday, while silver plunged 7% following Friday’s already devastating 30% collapse. The sudden …
It was a landmark week for the South Korean Kospi, which briefly topped the 5,000 level for the first time. Although it settled slightly lower, the index remains a beacon …
Asian stock markets mostly declined after renewed global trade tensions rattled investor confidence, while US futures fell sharply following a holiday closure on Wall Street. Market sentiment weakened after US …