Nickel trading suspended again as price plummets – live updates

G.ood morning. All eyes are likely to be on Russia today as the deadline looms for a $ 117m coupon on the country’s sovereign bonds. An attempt to pay in rubles may be considered to represent a default on Moscow’s debt.

Later today, the Federal Reserve is expected to take its first steps towards tackling soaring inflation in the US, by raising interest rates.

5 things to start your day

1) How Komarek won control of the lottery in the race against Camelot – and what it means for consumers The outside bet unexpectedly triumphed with his bid for the lottery, which will fall on the shoulders of a little-known tycoon

2) BNP Paribas lawyer who kept his job after calling Asian colleague ‘Hu She’ leaves French bank Emails also showed that the senior lawyer referred to another employee as ‘Biryani’

3) Germany to fire up mothballed coal power stations One of Europe’s biggest energy companies is reviewing which plants can be brought back online to reduce reliance on Russian gas

4) Elon Musk blames soaring costs for Tesla price rises Cheapest car sold in Britain, the Model 3, is now £ 1,000 more expensive at almost £ 44,000

5) War forces farmers to think again about GM crops Genetic modification could make Britain’s food system less susceptible to geopolitical turmoil

What happened overnight

Asian shares rose on Wednesday as investors awaited a widely anticipated decision by the US Federal Reserve on interest rate policy.

Japan’s benchmark Nikkei 225 jumped 1.7pc in morning trading to 25,784.71. Australia’s S & P / ASX 200 added 0.9pc to 7,160.00.

South Korea’s Kospi gained 0.8pc to 2,641.23. Hong Kong’s Hang Seng rose 2.1pc to 18,807.58, while the Shanghai Composite shed 0.4pc to 3,050.59.

Coming up today

  • Corporate: Computacenter, 4imprint, Centamin, CLS Holdings, Ferrexpo, Fevertree, IP Group, Restaurant Group (full year); IG Group (trading update)
  • Economics: Federal Reserve interest rate decision, retail sales (US)


Leave a Reply

Your email address will not be published.