- Several Asian stock indices declined today, as did the US indices yesterday, as market confidence is still low due to geopolitical tensions between Russia and Ukraine. The yield on the 10-year bonds is stable above 1.90%.
- Oil prices continued to rise as Brent crude contracts traded above $96 a barrel for the first time in nearly seven years. Prices are benefiting from the geopolitical tensions affecting the oil supply, especially if Russia launches a military attack on Ukraine.
- Gold prices rose as the precious metal is trading today near 1880 dollars per ounce, its highest level since June 2021. Silver prices also rose to be trading above 23.90 dollars per ounce.
- The dollar fell today ahead of the US producer price index data. As for the Aussie, The Australian dollar fell after RBA monetary policy meeting minutes, which showed that the reserve should be “patient” as it monitors multiple conditions affecting inflation.
Economic and fundamental developments 15-02-2022
15 Feb 2022 11:12 AM
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