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Safe Havens

All articles tagged with #safe havens

finance2 years ago•3 min saved

Middle East Conflict Sparks Stock Skid and Oil Surge

US stock futures declined in Asia as tensions in the Middle East drove up oil prices and increased demand for safe-haven assets such as Treasuries, gold, and the Japanese yen. The sizzling September US jobs report raised expectations for inflation figures later in the week. The conflict between Israel and Hamas in Gaza raised concerns about potential disruptions to oil supplies from Iran, pushing Brent crude above $100 per barrel. The cautious mood in the market led to gains in sovereign bonds, while stock futures for the S&P 500 and Nasdaq declined. The euro weakened against the yen and the dollar. The market also anticipated potential easing by the Federal Reserve next year.

via Reuters|

#finance #inflation #middle-east-conflict

finance2 years ago•2 min saved

Russian Ruble Plummets to 15-Month Low Amid Political Turmoil

The Russian rouble hit its lowest point in nearly 15 months against the dollar on Monday, following an aborted mutiny by heavily armed mercenaries in Russia over the weekend. The rouble was 0.5% weaker against the dollar at 85.15, after hitting 87.2300 in early trade, its weakest point since late March 2022. Investors globally were watching for ripple effects from the aborted mutiny, with some expecting a move into safe havens such as U.S. government bonds and the dollar. Brent crude oil, a global benchmark for Russia's main export, was up 0.8% at $74.43 a barrel.

via Reuters.com|

#finance #mutiny #oil-prices

finance2 years ago•1 min saved

Investors Prepare for Fed Rate Increase as Stocks and Oil Prices Plummet.

The Dow Jones Industrial Average fell over 350 points as traders sought safety in government bonds amid concerns about the Federal Reserve's upcoming interest-rate decision. Economically sensitive markets, including regional bank stocks, oil prices, and low-quality bonds, were hit hard. Treasury debt and gold were among the few assets to gain. First Republic Bank's seizure by regulators added to concerns about the health of the banking sector.

via The Wall Street Journal|

#dow-jones #federal-reserve #finance