Stocks reverse early gains as oil prices at highest level since 2008

, lenders pull back from financing deals and the threat of new sanctions deters buyers. European natural gas jumped to a fresh record, while zinc hit the highest since 2007 and other industrial metals extended a powerful rally.

Treasuries were little changed after sharp losses on Wednesday, though the US 10-year yield remains below the 2 per cent levels seen before Russia’s action. The dollar and gold ticked up. Russia’s ostracism continues: MSCI and FTSE Russell are cutting Russian equities from widely-tracked indexes, while the

suspends dozens of Russian depositary receipts from trading, isolating the stocks from a large segment of the investment-fund industry.Ratings amid doubts about its capability and willingness to service debt.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street stocks edge lower as traders assess economic riskGovernment bond prices rise sharply and Brent crude oil climbs back above $100 via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

European stocks mark cautious gains on commodities boostRyanair rises in Dublin as O’Leary reassures investors while AIB down ahead of results
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Brent touches nine-year high, supply issues hit marketOil prices extended their rally today, with Brent rising above $118 a barrel as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries, while US crude stocks fell to multi-year lows.
Source: RTEbusiness - 🏆 16. / 61 Read more »