Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Oil falls on Ukraine peace hopes, U.S. Treasury yields rise

Stock Markets Mar 14, 2022 05:38PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2/2
 
XAU/USD
-0.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
-0.12%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+0.10%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JP225
-1.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DX
-0.24%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Gold
-0.21%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Chibuike Oguh

New York (Reuters) - Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia and Ukraine, while U.S. Treasury yields hit two-and-a-half year highs on expectations of a first U.S. rate hike.

U.S. stocks were mostly lower as investors remained cautious on the Ukraine conflict, with the market focus on this week's Federal Reserve meeting.

Russian and Ukrainian officials gave their most upbeat assessments on Sunday of progress in their talks to end the conflict, with some delegates saying draft agreements could be reached within days.

European stocks closed higher on the tentative hopes of progress in the peace talks, while oil prices retreated to their lowest in two weeks on the prospects of increased global supplies.

"Everything seems to be heading towards an acute point where we should have some headway. The fact is neither side has a complete edge and as a result talks are the most sensible outcome, with some type of resolution," said Thomas Hayes, chairman at Great Hill Capital in New York.

On Wall Street, the benchmark S&P 500 and the tech-heavy Nasdaq fell as traders sold big growth stocks ahead of the Fed's meeting on Wednesday, when the U.S. central bank is expected to raise interest rates for the first time in three years.

The Dow Jones Industrial Average rose 1.05 points to 32,945.24, the S&P 500 lost 0.74% to 4,173.11 and the Nasdaq Composite dropped 2.04% to 12,581.22.

Investors expect the U.S. central bank to hike rates more aggressively this year, after data on Thursday showed that annual inflation in February rose at the fastest pace in 40 years, forcing Americans to dig deeper to pay for rent, food and gasoline.

Benchmark U.S. 10-year yields rose to 2.1419%, the highest since July 2019.

"The Fed is expected to hike rates by 25 basis points (this week) and you're seeing the 10-yields rise, which is positive from a yield curve perspective and implies the flattening may be coming to an end. We may avoid an inversion and a recession in the near term," Hayes said.

The pan-European STOXX 600 index rose 1.2% while the MSCI's gauge of stocks across the globe shed 0.74%. Overnight in Asia, the Nikkei 225 index closed up 0.58%.

Brent futures fell 5.1% to settle at $106.90 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 5.8% to settle at $103.01.

The U.S. dollar dipped modestly against a basket of currencies but remained near a 21-month high hit last week as investors eyed Russia-Ukraine peace talks. [FRX/]

The dollar index fell 0.056%.

Safe-haven gold prices fell as U.S. Treasury yields rose.

Spot gold dropped 1.6% to $1,952.87 an ounce, while U.S. gold futures fell 0.91% to $1,959.60 an ounce.

Oil falls on Ukraine peace hopes, U.S. Treasury yields rise
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (25)
Maximus Maximus
Maximus Maximus Mar 14, 2022 7:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Corrupt putin regime sold its armys' MRE meals in online shops. Now russian soldiers, needlessly sent to Ukraine to die, have no food, and putler is begging China for their MREs..Wake up russians, this is not your war, and putin should not be your president
michael polic
michael polic Mar 14, 2022 7:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
even if there are successful peace talks, the sanctions won't be lifted for a while.
Marco cuevas
Marco cuevas Mar 14, 2022 6:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If you buy after or premarket you will lose moneu guaranteed by end of tomm...these titles are misleading....gree futures lol.
Mart Bab
Rubberduck1973 Mar 14, 2022 6:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Peace hopes?? Even the most optimistic person in the world can see there is no hope here, because anything other then bombing Ukraine is not on the mind of the mad king Putin. The only hope is that Russians stand up against this madness.
Captain Virus
Captain Virus Mar 14, 2022 12:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Guess those peace talks didn't quite fix everything. Pootsie wants total surrender and that's not gonna happen this year.
Jack Peterson
Jack Peterson Mar 14, 2022 12:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Reuters reports Russia bombs Hunter Biden’s house in the Ukraine, destroying all evidence of collusion with the Biden/Obama/Clinton crime syndicate… l
Benjamin USA
Benjamin USA Mar 14, 2022 12:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lmfao this poor guy has the foil on so tight his brain cant get any circulation
First Last
First Last Mar 14, 2022 12:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The Russians bombed hospitals and schools and bakeries and nuke reactors and etc.
Captain Virus
Captain Virus Mar 14, 2022 8:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Didn't this exact same narrative play out last week with futures blasting up 1.5% only to end down with Ukraine saying "zero progress"?
Benjamin USA
Benjamin USA Mar 14, 2022 8:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes
Jack Peterson
Jack Peterson Mar 14, 2022 7:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
These headlines are out of touch within minutes or hours of being written. Anyone buying into them has big stones…..good luck!
sandeep varma
sandeep varma Mar 14, 2022 6:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
noobs are shorting market will shoot
Dave Jones
Dave Jones Mar 14, 2022 6:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
everything is super awesome
Shep De
Shep De Mar 14, 2022 6:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sarcasm, I presume
First Last
First Last Mar 14, 2022 6:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Or brainwahed
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email