Wheat prices surged as concerns about supply disruptions arose due to Ukrainian drone strikes on Russian naval vessels and an oil tanker, with Chicago wheat futures reaching a high of $6.545 per bushel. Meanwhile, corn futures experienced a slight drop, following Friday’s rally. Ukraine targeted a Russian warship and an oil tanker in separate drone attacks in the Black Sea and Kerch Strait over the weekend. Elsewhere, oil prices reached their highest levels in nearly four months due to worries over the Ukraine conflict and Saudi Arabia’s decision to extend production cuts. Brent crude and US marker West Texas Intermediate rose to $86.73 and $83.30 per barrel, respectively, marking the highest levels since mid-April. Additionally, Women’s World Cup matches and market performance in Asia are also of interest today. Finally, employers and landlords who provide work or accommodation to migrants who arrived in the UK through irregular routes will face significantly higher fines, as the government aims to tackle asylum seekers crossing the English Channel in small boats. This move comes as the home secretary plans to relocate the first asylum seekers from hotels to a floating accommodation barge. European companies have incurred at least €100bn in direct losses from their operations in Russia since President Vladimir Putin’s invasion of Ukraine, as per analysis by the Financial Times, while Ukrainian allies are enthused by China’s “constructive” signals during international talks held in Jeddah. Looking ahead, inflation data from China and the US, as well as UK GDP figures, are among the key events to watch this week.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
