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On March 29th, E Fund, a listed fund specializing in crude oil futures, announced that its secondary market trading price has recently been significantly higher than its net asset value (NAV). On March 25th, 2026, the NAV per unit was 1.6067 yuan, while the closing price on the secondary market as of March 27th was 2.260 yuan. To protect investors interests, trading in the fund will be suspended from the market opening on March 30th until 10:30 AM, resuming at 10:30 AM. Redemption services will continue as usual during the suspension period. If the premium does not effectively decrease, further suspension measures will be taken as needed.On March 29th, Swiss President Guy Palmer stated that trade negotiations between Switzerland and the United States will continue beyond the preliminary tariff agreement reached last year and will not end in March. In February, the US Supreme Court ruled that Trumps previous global tariff policies were invalid, prompting Trump to order a new round of global tariffs of 10% on all imported goods. In March, the US launched a new round of investigations against major trading partners, including Switzerland, adding further uncertainty to the trade negotiations. Palmer, who also serves as Switzerlands Minister of Economic Affairs, stated this weekend that the goal of completing negotiations by the end of March is "effectively" no longer applicable, and negotiations will continue. According to two sources familiar with the matter, the next round of Swiss-US trade negotiations may be held in April.According to Iranian state media, Iranian Parliament Speaker Qalibaf stated that symbols of American prestige, from F-35 fighter jets to aircraft carriers and regional military bases, have suffered significant blows.According to Iranian state media, Iranian Parliament Speaker Qalibaf stated that the energy market is out of control and food inflation is imminent.According to Iranian state media, Iranian Parliament Speaker Ghalibaf stated that Trump has consistently failed to gain cooperation from European countries.

Commodity-linked gains lift FTSE; fading Ukraine optimism weighs on midcap index

Cameron Murphy

Mar 31, 2022 09:47

(Reuters)-- London's FTSE 100 increased on Wednesday, aided by a jump in commodity-linked shares. At the same time, uncertainties emerging around the development of the Russia-Ukraine peace negotiation weighed on general belief and dragged the midcap index lower.


After dropping as much as 0.18%, the blue-chip index shut 0.6% greater, with energy and miners leading gains, while the domestically-focused mid-cap index dropped 1.0%, breaking its three-day winning streak.


Oil majors BP Plc and Covering Plc got 3% and 4.6%, specifically, as oil rates clawed back hefty losses suffered earlier today. Covering also got an increase after J.P. Morgan elevated its cost target. [O/R] The Kremlin on Wednesday stated there was no development indicator yet in talks, even as it welcomed that Kyiv has laid out its demands to finish the dispute in written form.


"The release from the Kremlin this morning that it saw no innovations in peace negotiation has seriously increased doubts regarding its proposal to de-escalate," stated Stuart Cole, ahead macroeconomic expert at Equity Capital.


Moscow on Tuesday vowed to minimize military operations around Kyiv and in north Ukraine.

Including in the worries, the widely tracked U.S. 2-year-10-year Treasury yield curve briefly inverted on Tuesday, which is extensively considered an indication of an economic downturn.


"The quick inversion in 2yr-10yr Treasury returns aggravates concerns that global central bank actions to bear down on inflation will create a decline in development," Cole added.


Other breakthroughs were topped by weakness in financials, down 1.3%. Lloyds Financial Team led losses after RBC double downgraded the supply to "underperform," saying growth vehicle drivers did not appear to be "game-changing."


The commodity-heavy FTSE 100 is tracking a sixth straight quarterly gain, buoyed by higher oil and gas prices. At the same time, the FTSE 250 is established for its first quarterly decrease since March 2020 amidst increasing problems concerning damage to economic growth due to surging inflation.


To name a few stocks, Pearson fell 5.9% to the bottom of FTSE after the education team stated it had turned down a third takeover offer from Beauty, valuing it at 6.7 billion pounds ($8.8 billion).

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