- Gold prices rose yesterday, benefiting from fears of rising global inflation as energy prices continued to rise. Today, Gold is trading within a limited range due to the dollar fluctuation.
- WTI prices stabilized above $90 for the third session, despite some consolidations. The price of crude is trading near its highest levels in seven years, with concerns about supply shortages due to geopolitical tensions in Eastern Europe. Markets are awaiting the results of US-Iranian talks in an attempt to revive the nuclear agreement.
- US stock indices fell yesterday ahead of US inflation data next week. After disappointing quarterly earnings results, meta shares (previously facebook) fell more than 5%.
- Several Asian stock indices rose today but capped amid a drop in the Japanese yen's price against a basket of currencies. The Japanese yen fell after data showed spending contracted by 0.2% last year.
Economic and fundamental developments 08-02-20224
8 Feb 2022 10:41 AM
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