Home Blog Market Analysis Weekly Market Analysis / 4 April- 8 April 2022

Weekly Market Analysis / 4 April- 8 April 2022

by AgaBullion
Weekly Market Analysis /  4 April- 8 April 2022

In the last week, the focus of the markets was the Russia-Ukraine negotiations held in Istanbul on Tuesday. After the meeting, the Russian Ministry of Defense announced that the operations in Kyiv and Chernihiv will be reduced, the Ukrainian delegation stated that the guarantor countries; Members of the United Nations General Assembly stated that it could be the USA, France, Germany, Turkey, Israel. Positive messages from the negotiations increased the risk appetite in global markets. An ounce of gold fell to the level of $ 1,890. The US 10-year bond yields, which rose to the level of 2.557 percent at the beginning of the week, dropped to 2.309 percent after the announcements.

While oil prices fell with the negative news flow in the Russia-Ukraine negotiations and the news that the USA will offer 1 million barrels of oil per day from strategic oil reserves to the market to control high prices, Brent-type oil decreased to 102 dollars per barrel. Non-farm employment in the USA increased by 431 thousand in March, below the estimates.

 

 

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