OKTA DEADLINE NOTICE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Okta, Inc. Investors with Losses to Secure Counsel Before Important July 19 Deadline in Securities Class Action – OKTA

NEW YORK, July 10, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Okta, Inc. (NASDAQ: OKTA) between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”), of the important July 19, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Okta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Okta class action, go to https://rosenlegal.com/submit-form/?case_id=6365 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Okta had inadequate cybersecurity controls; (2) as a result, Okta’s systems were vulnerable to data breaches; (3) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (4) Okta initially did not disclose and subsequently downplayed the severity of the data breach; (5) all the foregoing, once revealed, was likely to have a material negative impact on Okta’s business, financial condition, and reputation; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Okta class action, go to https://rosenlegal.com/submit-form/?case_id=6365 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Spero Therapeutics, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – SPRO

NEW YORK, July 10, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Spero Therapeutics, Inc. (NASDAQ: SPRO) between October 28, 2021 and May 2, 2022, both dates inclusive (the “Class Period”), of the important than July 25, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Spero Therapeutics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Spero Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=6561 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the data submitted in support of the New Drug Application (“NDA”) of Tebipenem HBr, an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults, were insufficient to obtain U.S. Food and Drug Administration (“FDA”) approval; (2) accordingly, it was unlikely that the FDA would approve the Tebipenem HBr NDA in its current form; (3) the foregoing would necessitate a significant workforce reduction and restructuring of Spero Therapeutics’s operations; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Spero Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=6561 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

‫ مبادرة الجواز اللوجستي العالمي تُعلن توسعها في أكثر من 40 دولة في القمة العالمية

·  قادة الأعمال العالميون والوزراء من شبكة الجواز اللوجستي العالمي ( WLP ) يتبنون إعلانًا مشتركًا لتسريع خطى التجارة العالمية وتعزيز المرونة التجارية

·  مبادرة الجواز اللوجستي العالمي تواصل توسّعها وتضم ما يزيد عن 40 دولة تُغطي ما يقرب من نصف التجارة العالمية وتستهدف مواصلة النمو لتغطية 75 % من الناتج المحلي الإجمالي العالمي بحلول عام 2025

·  مؤشر مرونة الشحن العالمي لعام 2022 يُظِهر أن مرونة الشحن قد زادت في البلدان النامية على الرغم من الضغوط على سلسلة التوريد العالمية

دبي، الإمارات العربية المتحدة, 11 يوليو / تموز 2022 /PRNewswire/ — أعلنت مبادرة الجواز اللوجستي العالمي، في قمتها العالمية السنوية الثانية، عن تنامي حجمها إلى الضعف تقريبًا في العام الثاني من إطلاقها، بعد أن أصبحت تغطي أكثر من 40 دولة ونحو نصف (47%) حجم التجارة العالمية.

وقد استضافت فعاليات القمة نخبة من الرؤساء التنفيذيين والوزراء وممثلين عن الهيئات التجارية الدولية الرائدة الذين اتفقوا على إعلان مشترك حول الاتجاه المستقبلي للتجارة العالمية. وكان من بين الممثلين سمو الشيخ أحمد بن سعيد آل مكتوم، رئيس مجلس الإدارة والرئيس التنفيذي لمجموعة الإمارات، ومعالي وزير الاقتصاد المكسيكي، تاتيانا كلوثير، والسيد محمود البستكي، الرئيس التنفيذي للعمليات في دبي التجارية العالمية، والمدير العام لمبادرة الجواز اللوجستي العالمي.

وينص الإعلان، الذي قدمته معالي تاتيانا كلوثير، وزير الاقتصاد المكسيكي، على أن التجارة العالمية المستدامة والشاملة تُعد ركيزة أساسية للنمو الاقتصادي والمرونة ومدّ جسور التعاون بين الأطراف المتعددة، ويحدد الإعلان كذلك طموح المبادرة في تغطية 75 % من الناتج المحلي الإجمالي الاسمي العالمي بحلول عام 2025 .

تجدر الإشارة إلى أن مبادرة الجواز اللوجستي العالمي هي مبادرة عالمية يقودها القطاع الخاص وتهدف إلى تسهيل تدفق التجارة الدولية وفتح آفاق الوصول إلى الأسواق حول العالم، من خلال إنشاء طرق تجارية جديدة وتوفير الكفاءات الاقتصادية للأعضاء.

وفي فعاليات القمة، أظهر مؤشر مرونة الشحن العالمي لعام 2022 ، الذي وضعته شركة وايتشيلد، أن مرونة الشحن قد شهدت تزايدًا ملحوظًا عبر المناطق النامية، بما في ذلك منطقة الشرق الأوسط وإفريقيا وأمريكا اللاتينية وآسيا والمحيط الهادئ. يتألف المؤشر من ركيزتين فرعيتين: فرص السياسة وأداء الشحن، وتمت الإشادة بدول مثل فيتنام وجنوب إفريقيا والمكسيك وكولومبيا والسنغال على وجه التحديد بفضل التقدم الملحوظ في مرونة الشحن رغم الضغط المستمر على سلاسل التوريد العالمية.

وقد تطور تفويض المبادرة في العام الماضي ليشمل أيضًا العمل كميسر للتجارة. واليوم، تُعزّز مبادرة الجواز اللوجستي العالمي سبل التعاون من خلال دعم سلطات الجمارك عبر ممارسات التجارة الفعالة والآمنة في دبي والمكسيك وكولومبيا وكازاخستان وغيرها. علاوة على ذلك، تسعى المبادرة إلى مدّ جسور التعاون وتعزيز طرق التجارة عبر شبكتها الفريدة من الشركاء والأعضاء، وهو ما يزيد من حجم تجارة السلع عالية القيمة مثل القهوة والمعادن الثمينة والأجهزة الإلكترونية الاستهلاكية.

من جانبه صرح محمود البستكي، المدير العام لمبادرة الجواز اللوجستي العالمي قائلًا:

“في القمة العالمية الافتتاحية العام الماضي، أعلن السلطان أحمد بن سليم أن شبكة المبادرة قد نمت لتغطي 23 دولة.  يسرني الآن أن أعلن أن شبكتنا قد نمت إلى الضعف تقريبًا حيث تغطي مبادرة الجواز اللوجستي العالمي الآن 43 دولة، بما يمثل 47% من حجم التجارة العالمية. علاوة على ذلك، تتكون شبكتنا الآن من 121 شريكًا لمبادرة الجواز اللوجستي العالمي كما توفر أكثر من 240 ميزة مؤكدة، تتعلق بتوفير التكلفة وتعزيز الكفاءة على السواء، يتم تقديمها إلى نحو 1000 شركة انضمت إلى البرنامج على مستوى العالم.”.

ملاحظات للمحررين

إعلان القمة العالمية لمبادرة الجواز اللوجستي العالمي 2022

·  التجارة العالمية المستدامة والشاملة هي عنصر أساسي لتحقيق النمو الاقتصادي والمرونة ومد جسور التعاون بين الأطراف المتعددة

·  مبادرة الجواز اللوجستي العالمي هي جزء لا يتجزأ من الاستجابة الاقتصادية العالمية لتعزيز التجارة الدولية وتهدف إلى تغطية 75 % من حجم التجارة العالمية بحلول عام 2025

·  مبادرة الجواز اللوجستي العالمي شاملة ومتاحة لجميع البلدان والشركات التي تفي بالحد الأدنى من المتطلبات من حيث الإمكانات والنزاهة

·  ستواصل مبادرة الجواز اللوجستي العالمي العمل عن كثب مع الهيئات الدولية مثل منظمة الجمارك العالمية ومنظمة التجارة العالمية لجعل التجارة أكثر استدامة وشمولية

·  سيتم العمل على تعزيز الحوكمة العالمية للمبادرة من خلال إدخال الرئاسة المشتركة من البلدان ومناوبتها على أساس سنوي

·  من المقرر إطلاق مجلس جديد للقطاع الخاص لتقديم المشورة لمبادرة الجواز اللوجستي العالمي على المستوى العالمي

·  ستتعاون مبادرة الجواز اللوجستي العالمي مع المؤسسات المالية الدولية ( IFIs ) من أجل بحث سبل إيجاد طرق تمويل جديدة لمعالجة فجوات القدرات في البنية التحتية اللوجستية متعددة الوسائط

·  ستعمل مبادرة الجواز اللوجستي العالمي على تسريع إدخال البنية التحتية الرقمية (البرمجية) لجعل التجارة أكثر كفاءة وإنتاجية لأصحاب المصلحة جميعهم

·  ستواصل مبادرة الجواز اللوجستي العالمي دعم المبادرات الدولية المهمة مثل برنامج المشغل الاقتصادي المعتمد ( AEO ) لمنظمة الجمارك العالمية عبر توفير مجموعة أكثر شمولاً من المزايا من شركاء اللوجستيات الآخرين مثل الموانئ والمطارات وشركات الطيران 

فضلًا تابع مبادرة الجواز اللوجستي العالمي على مواقع التواصل الاجتماعي:

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نبذة عن مبادرة الجواز اللوجستي العالمي  

مبادرة الجواز اللوجستي العالمي هي مبادرة عالمية يقودها القطاع الخاص وتهدف إلى تسهيل تدفق التجارة الدولية وفتح آفاق الوصول إلى الأسواق حول العالم، عبر إنشاء طرق تجارية جديدة وتوفير الكفاءات الاقتصادية للأعضاء. ويحصل التجار ووكلاء الشحن على مزايا متزايدة كلما زاد استخدامهم لمراكز مبادرة الجواز اللوجستي العالمي. 

تشمل هذه المزايا توفير التكاليف والوقت والحصول على تصاريح دخول أسرع. تجدر الإشارة إلى أن توفير هذه المزايا للتجار والدول والمناطق سيتيح لهم الوصول إلى أسواق جديدة وتنويع التجارة في المنتجات الحالية وزيادة حصص السوق في منتجات التصدير الرئيسية. 

وحسبما يتضح من المراكز التي تعمل بكامل طاقتها، يمكن أن يتوقع التجار ووكلاء الشحن الأعضاء في مبادرة الجواز اللوجستي العالمي زيادة سنوية في التجارة تصل إلى 5-10% في المتوسط. تتميز مبادرة الجواز اللوجستي العالمي، والتي يمكن الانضمام إليها مجانًا، بأنها شاملة تغطي النظام البيئي للتجارة بأكمله بدءًا من الشحن والخدمات اللوجستية ووصولًا إلى التمويل التجاري.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages IonQ, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – IONQ

NEW YORK, July 10, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of IonQ, Inc. (NYSE: IONQ) between March 30, 2021 and May 2, 2022, both dates inclusive (the “Class Period”), of the important August 1, 2022 lead plaintiff deadline.

SO WHAT: If you purchased IonQ securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the IonQ class action, go to https://rosenlegal.com/submit-form/?case_id=6703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) IonQ’s 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ’s quantum computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ’s revenue was derived from improper round-tripping transactions with related parties; and (5) as a result of the foregoing, defendants’ positive statements about IonQ’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the IonQ class action, go to https://rosenlegal.com/submit-form/?case_id=6703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Twitter shares down 5% after Musk pulls out of $44B deal

Twitter’s shares were down almost 5% before US stock market opening on Monday after billionaire Elon Musk pulled out of his $44 billion deal to buy the social media company.

The stock price fell 4.9% to $35 per share at 8.00 a.m. EDT (1200GMT) after closing Friday at $36.81 per share on the New York Stock Exchange.

The company’s market value declined to approximately $28.1 billion for almost a $1.4 billion loss.

Tesla CEO Musk announced late Friday that he is pulling out of his deal to buy Twitter, citing a lack of information on bot accounts. Twitter, however, says it will take Musk to court to enforce the deal.

He said in May that the deal could not move forward until there is clarity on fake accounts.

Twitter’s board of directors unanimously advised shareholders on June 21 to approve Musk’s offer for the company.

Musk on June 16 said he wants Twitter to reach 1 billion users, but hinted at layoffs in his first meeting with company employees, and reiterated his demand for paid subscriptions, arguing that users should be charged to keep informed and be verified.

Source: Anadolu Agency

Euro falls to fresh 20-year low level against US dollar

Euro declined to a fresh 20-year low level against US dollar on Monday, with the US Federal Reserve’s monetary tightening and Russia’s war on Ukraine which threatens energy supply for Europe.

The euro against the dollar fell to as low as $1.0053 at 9.49 a.m. EDT (1349GMT), its lowest level since Dec. 06, 2002, according to official figures.

The dollar index, which is used to measure the value of the US dollar against a basket of six foreign currencies that include the British pound, euro, Swiss franc, Japanese yen, Canadian dollar, and Swedish krona, was up 1.1% to 108.19, posting a new 20-year record high level.

The Fed has made a total of 150 basis points of rate hike since March to tame record-high inflation, pushing the dollar index higher. The European Central Bank (ECB), on the other hand, has not yet made a change in interest rates.

The ECB is expected to make a rate hike of 25 basis points on July 21, while the Fed is anticipated to bump the rates aggressively by another 75 basis points on July 27.

The war in Ukraine continues to pose a risk for the eurozone, while Germany, the bloc’s biggest economy, potentially faces a permanent halt of Russian natural gas flow.

Both American and European economies are mired with recession fears.

Source: Anadolu Agency

Mixed trend observed in commodity markets last week

As the trend toward the dollar, which is seen as a safe haven, is increasing, recession concerns boosted selling pressure in the commodity markets last week.

Concerns that economic activity will stagnate continue to have an impact on commodity prices. However, a partial recovery was observed in the commodity market last week, as macroeconomic data indicated that the recession pressure is not at an alarming level.

With these developments, the commodity market followed a mixed course with fluctuations last week, but there was not as intense selling pressure as in the previous weeks.

In the US, non-farm employment increased by 372,000 people in June, exceeding market expectations, while the unemployment rate remained unchanged at 3.6%.

Although the labor market remains strong indicates that the Fed will maintain its “hawkish” stance in monetary policies, the strengthening of expectations that inflation can be controlled continues to price positively in the markets despite the possibility of a recession.

Despite the selling trend in the bond markets, the dollar index, following the inflation concerns and the increasing demand for dollars as a safe haven, finished the week at 107 with an increase of 1.8% after reaching the highest level of the last 20 years with 107.8.?

The ounce price of gold carried the downward trend for the fourth week in a row, falling to $1,742 with a 3.8% depreciation on a weekly basis. Gold fell to a 10-month low last week.

Silver, which saw its lowest level since July 2020 at $18.9 per ounce last week, also fell 2.8%.

Palladium rose 11.2% and platinum 0.9%. The rise in the palladium market continues with supply concerns.

Last week, the pound of copper, which saw its lowest level since November 2020 at $3.3458, finished the week with a depreciation of 4.2%.

Lead gained 1.8% and aluminum 0.2%, while nickel fell 3.3% and zinc 0.1%.

Concerns that the US is heading into a recession dominate copper trade.

Analysts noted that the decline is expected to continue as China, the largest producer of zinc, prepares to send its surplus production to Europe to fill the deficit caused by Russia due to the Ukraine war.

The barrel price of Brent oil, which fell to $97.2 due to recession concerns during the week, partially compensated for its losses with China’s announcement of an infrastructure package worth $220 billion and strong US labor market data, but decreased by 4.7% to $105.5 last week.

Natural gas traded on the New York Mercantile Exchange finished the week with an increase of 5.9%.

A volatile course was dominated by agricultural commodities last week.

Wheat trading on the Chicago Mercantile Exchange rose 5.4%, corn gained 3% and rice 0.5%.

Sugar increased by 2.5%, cotton decreased by 1.8% and coffee down by 1.9%.? ?

Source: Anadolu Agency