Wednesday Outlook: Bond rout pushes cash back into stocks; oil prices resume climb
- Date: 23-Mar-2022
- Source: Zawya
- Sector:Financial Markets
- Country:Gulf
Wednesday Outlook: Bond rout pushes cash back into stocks; oil prices resume climb
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Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.
Investors braced for the Federal Reserve to take an even more aggressive approach to taming inflation
Oil prices resume climb after U.S. stockpiles drop in tight market
Brent crude futures climbed $1.06, or 0.9%
Gold slips on higher yields, Ukraine worries limit losses
Spot gold was down 0.2% at $1,918.29 per ounce
Improved risk sentiment and high commodity prices help Aussie, hurt yen
The Aussie's breaking of resistance at $0.745 was due to gains in equities and commodities, said ANZ analysts
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