Oil prices extended last week’s decline to fall by about $4 a barrel during early trade on Monday after a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures was last down by $4.12 or 3.6% at $108.55 a barrel at 0115 GMT on Monday.
Instruments Code Dividend in instrument currency (value per Instrument for Long positions) Dividend in instrument currency (value per Instrument for Short positions) Date Time (GMT) Index Honk Kong 50 Cash/Futures 1.1820 -1.1820 24/03/2022 21:59 Australia 200 Cash/Futures 0.1131 -0.1330 24/03/2022 21:59 US SPX 500 Cash/Futures 0.0298 -0.0350 24/03/2022 21:59
One important reason is lower bond prices mean higher bond yields. Investors who hold bonds for income are pleased when their prices fall, because those bonds continue paying the same income as before.
Analysts noted that gold is consolidating in a narrow range following a sharp decline.