US major indices close lower. Indices down 4 of 5 days this week (with one big day higher)
Gas prices at the US pumps rise to $4.33
Russia and Belarus create their own joint venture
WTI crude oil futures settle at $109.33
Key events and releases next week highlighted by the FOM

The major indices are closing near session lows. The NASDAQ index was hit the hardest with a loss of over 2%.All 11 sectors of the S&P are lower. Consumers discretionary fell -2.0%. Communication fell 1.9%. Technology fell 1.8%Dow, S&P, and NASDAQ on track for weekly lossesMajor indices down 4 of th

The major indice losses are accelerating into the last 15 or 20 minutes of tradingDow industrial average is down 150 point -0.45% at 33027S&P is down 42 points or 0.99% at 4217.85NASDAQ index is down 233 points or 1.78% at 12897Russell 2000 is down 26.65 points or 1.33% at 1985.01The major indices a

I know it is a fraction of the price of a gallon of gas in other countries, but AAA is reporting that the price of a gallon of gas in the US reached $4.33 today. That compares to $3.48 a month ago or +24.4%.Versus a year ago, the price has moved from $2.82 to the $4.33 today. That is a rise of 53.5%

Russia and Belarus have great to their own joint venture as economic sanctions on Russia cripple the economy and Belarusians are pulled closer to the war.The agreement between Russian Pres. Putin and Belarus’s Lukashenko has Russia supplying modern military equipment to Belarus while Belarus will su

The full quote by Putin:
„There are certain positive shifts, negotiators on our side tell me.“
He also adds that talks are „practically on a daily basis“. That’s certainly interesting. He did not elaborate further but mentioned that he would go into more detail with Lukashenko. So, we can only wait

It’s tough to reconcile the remark here, which is believed to be put out by Interfax.If anything, I fear the details may not live up to the hype. I mean there are a few things to be wary about. What exactly are these „certain positive shifts“? If so, what does that mean for the situation on the grou

The euro has jumped on the headline here with EUR/USD up from 1.0980 to 1.1020 currently.

There isn’t much else besides the headline remark, taken via Reuters. But risk trades re ramping higher at the moment with gold down 1% to $1,976 as well.

The risk of inflation staying above target for longer is higherECB will do everything necessary to secure stability for economy, financial marketsThe headline remark adds to earlier comments from Villeroy and Rehn, offering some pushback or at least an attempt to gather more flexibility with regards

He makes mention to this part of the statement:“Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.“In particular, he says that „some time after“ could mean some weeks or several months. As