Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.
Global stock markets rallied on Wednesday and oil prices fell by more than 12% as Ukraine and Russia looked to resume diplomatic talks and UAE supports hiking oil output to ease chaos in energy market
STOXX index of 600 companies was sank 1.4% to 431 points, hitting a new low for the year as the benchmark eyed correction territory, meaning down 10% from its highs
Oil prices surged, with Brent crude touching $113.02 - its highest since 2014 - and U.S. crude coming close to passing its 2013 peak
World shares were mixed Tuesday after talks between Russia and Ukraine aimed at ending the war just yielded an agreement to meet again
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.42% and Japan's Nikkei jumped 1.47%
As an economic crisis loomed in Russia, the fallout of tougher sanctions from the West imposed over the weekend rippled out across financial markets
As an economic crisis loomed in Russia, the fallout of tougher sanctions from the West imposed over the weekend rippled out across financial markets
The Tesla CEO's net worth was roughly $199 billion while Bezos' net worth was around $176 billion, according to the Bloomberg Billionaires' index
By 1115 GMT, the Euro STOXX gained 1.78% higher while the FTSE 100 climbed 2.1%. Germany's DAX increased 1.3%
By 0930 GMT, the Euro STOXX was 0.72% higher while the FTSE 100 gained 1.1%. Germany's DAX nudged 0.05% higher
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses
U.S. stock futures and European stocks lost earlier gains made on news that U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to hold a summit on the Ukraine crisis
STOXX eyes lowest level in four months, tech stocks drop 2.5%; Valneva up on vaccine manufacturing grant in Scotland
U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis
World stocks crept higher on Wednesday, while assets such as government bonds and gold lost ground, despite Western doubt of Russian claims of troops pullback from Ukraine's borders.
With the reports of Russian troops near Ukraine returning to their base, thereby easing the Russia-Ukraine tension, the Gold prices fall by 0.8% after reaching 8-month high prices.
The MSCI world equity index, which tracks shares in 50 countries, was up 0.3% on the day at 1203 GMT, its first gain after three days of drops, each exceeding 0.9%
The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region
Global stocks and Wall Street futures rose Wednesday as investors waited for US inflation data for signs of how fast the Federal Reserve might pull back stimulus. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. US inflation data on Thursday are expected to show inflation rose to a four-decade high of 7.3 per cent in January, adding to pressure to control prices. Traders expect the Fed to hike rates at least four times this year, starting next month. Wall Street's rebound "suggests an attempt by the equity bulls to regain some control," Yeap Jun Rong of IG said in a report. Much will depend on the upcoming US inflation data to ease some concerns about tightening ahead. In early trading, the FTSE 100 in London rose 0.6 per cent to 7,612.25 and the DAX in Frankfurt added 0.7 per cent to 15,359.40. The CAC 40 in Paris advanced 0.9 per cent to 7,095.45. On Wall Street, the future for the benchmark S&P 500 index was up 0.3 per cent. That for the Dow Jones ...