CSFX Market News | Global Market Update

  OIL PRICES FALL AFTER THREE DAYS OF GAINING LEAGUE Asian Pacific shares slipped on Monday. The Shanghai Composite is up 0.57% at 3,276.76. Overall, the Singapore MSCI is up 0.17% at 296.00. Over in Hong Kong, the Hang Seng Index is down 0.04% at 19,714.00. In Japan, the Nikkei 225 is down 0.76% at 28,710.00, while the Topix index is down 0.38% at 1988.00. South Korea’s Kospi is down 1.21% at 2,462.50. Australia S&P/ASX 200 down 0.95% at 7046.90. Top News of the Day: Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5% for the week on a stronger dollar and demand fears. Market Summary as per 19/08/2022: European equities Friday closing. The DAX futures contract in Germany traded down 1.12% at 13,544.52, CAC 40 futures down 0...

  Oil Drops to 6 1/2  Month Low as Market Is Worried by Iran Deal Asia Pacific shares rallied on Wednesday. The Shanghai Composite is up 0.45% at 3,292.52. Overall, the Singapore MSCI is down 1.70% at 301.55. Over in Hong Kong, the Hang Seng Index is up 0.51% at 19,914.00. In Japan, the Nikkei 225 is up 1.18% at 29,190.00, while the Topix index is up 1.01% at 2005.50. South Korea’s Kospi is down 0.67% at 2,516.47. Australia S&P/ASX 200 up 0.31% at 7127.70. Top News of the Day: Oil bulls wish that Iran would just go away. In what appears to be another European surreptitiously U.S.-backed attempt to revive the 2015 Iranian nuclear deal, crude markets are faced with the probability of an additional 1.3 million barrels per day of supply coming on to the market, at a time when demand doesn’t seem to be all that great. Market Summary as per 16/08/2022: European equities Tuesday closing. The DAX futures contract in Germany traded down 0.03% at 13,906.25, CAC 40 futures up 0.11% a...

Prices of crude oil recently rallied to a high of 14 years. The Brent crude oil price attained a high of $127.98 a barrel on 08th March 2022, while the WTI crude oil peaked at $130.50 a barrel on 07th March 2022. Both the benchmark indices are nearing their all-time high, formed during the 2008 global financial crisis. Ever since the Russian invasion of Ukraine began, crude oil prices have been witnessing heavy fluctuations; it recently has crashed more than 20% after soaring to 14-years high. To understand and trade (or invest) on crude oil prices – its rise and fall. We need to understand the historical backdrop of the industry, price movement, and volatility. Furthermore, understanding the fundamental factors influencing the prices of crude oil will aid us in making informed decisions, including any volatile situations that we may face subsequently, like the one we face currently. Notable events that impacted crude oil prices (1970 – present): Read Full Report - Click here