The crisis in Ukraine continued to affect the main world exchanges, this Wednesday (2), which still have not managed to recover, and raised oil prices above US$ 110 for barrels of WTI and Brent.
At the opening of European markets, the Paris Stock Exchange fell by 0.57%; Frankfurt, 0.49%; and that of Madrid, 0.21%.
The London one advanced 0.25%, just after 8:05 GMT (5:05 in Brasília).
In Asia, the Tokyo Stock Exchange closed with a loss of 1.68% for its main index, the Nikkei 225. Hong Kong fell 1.84% and Shanghai, 0.13%.
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“Anxiety is spreading again across international financial markets … as the conflict in Ukraine adds to inflationary pressure and threatens to derail global growth,” said analyst Susannah Streeter of consultancy Hargreaves Lansdown.
Massive financial sanctions against Russia are expected to have “fearsome” economic consequences, with “a slowdown in growth and an acceleration in prices”, analysts at Banque Postale AM said.
On Tuesday (1st), European stocks recorded a significant drop. The Frankfurt DAX index lost 3.85%; the CAC 40, in Paris, 3.94%; and the ESF 100, in London, 1.72%. Milan’s FTSE MIB plunged 4.14% and Madrid’s Ibex 35 3.94%.
The same happened with the main Wall Street indexes, with the Dow Jones registering a loss of 1.77%; the technological Nasdaq, 1.59%; and the S&P 500, up 1.55%.
– A barrel of oil at US$ 110 –
Oil, in turn, continues to skyrocket.
The prices of the two barrels of reference in the world were above US$ 110 on Wednesday, amid concerns about the effect of sanctions on exports of this commodity by Moscow. Russia is the third largest producer in the world.
A barrel of WTI rose 6.5% to hit $110.18, hours after a barrel of Brent did the same. This is a record for WTI since 2013 and for Brent since 2014. The latter was trading at US$112.40 at 8:10 am GMT (5:10 am in Brasília).
This conflict in Eastern Europe comes at a time of market tension, as the global recovery from the Covid-19 pandemic has increased demand.
Crude oil operators keep their attention at a meeting that takes place today between producing countries of the Organization of Petroleum Exporting Countries (OPEC). Its ten additional partners (OPEC+), including Russia, will also participate to discuss a possible increase in production.
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