U.S. oil was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven by surging energy prices, starts to produce political backlash, as the world fitfully recovers from the worst health crisis in a century.
CAC 40 Index Technical Analysis: Weekly Chart In the weekly charts, CAC 40 is trading in an up channel. CAC 40 is currently trading above the middle line of the
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GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART In the weekly chart, German Bund started trading in up channel German Bund is trading above 5&20 SMA RSI is in buying zone
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As interest rate hike warnings and banking turbulence persist, the FTSE is still down FTSE 100 tumbles as banks fall on contagion fears Credit default swap prices spike in several
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