Russia-Ukraine war, Asian stock markets negative in the wake of yesterday’s red
The decline in the Tokyo Stock Exchange linked to concerns about the war in Ukraine. After yesterday’s fall, the financial center still showed fears about the repercussions of the conflict on the world economy, starting with the surge in oil price. The main Nikkei index it fell another 1.71% to 24,790.95 points, after falling nearly 3% in the previous session. It hadn’t dropped below 25,000 closing points since November 2020.
The largest Topix index meanwhile it lost 1.9% to 1,759.86 points. Collapse also for China: the Chinese bags closed another session with heavy losses due to uncertainties about Ukraine and the surge in oil and commodity prices: the Composite index Of Shanghai loses 2.35%, slipping to 3,293.53 points, while that of Shenzhen loses 2.89%, to 2,139.67 points.
War between Russia and Ukraine, a negative session is also expected for Europe
Another difficult day is shaping up for European stock exchanges after yesterday’s low closing and Wall Street red. Even the Asian squares proceed in decline e Tokyo closed at -1.78%. The Euro Stoxx 50 loses 1%. Futures on the London Ftse 100 index fell 1.47% and those on the Frankfurt Dax fell 0.46%. Yesterday the lists of the Old Continent closed down but above the lows of the day, in a session characterized by strong volatility.
The start of the week was traumatic for the markets that have come to collapse by 6% on the news of possible bans on imports of Russian oil, which have caused crude oil prices to soar. Statements by the German Finance Minister, Christian Lindner, aimed at clarifying that Germany is not thinking of embargoes on Russian oil and gas, they have partly reassured investors, also heartened by similar positions expressed by Great Britain and the Netherlands.
Russia-Ukraine war: futures on Wall Street down between 2 and 3%
THE future on Wall Street they travel sharply down after the flight in oil and commodity prices yesterday sank the New York Stock Exchange, with indices down between 2 and 3%.
The surge of crude oil prices, Driven by rumors of a possible Western embargo on Russian exports, it has rekindled fears of runaway inflation, even as sanctions against Russia could slow economic recovery. THE future on the Dow Jones lost 1.26%, those on the S&P 500 1.25% and future on the Nasdaq yield 1.43%.
War Russia-Ukraine, exchange rates: the ruble rebounds, euro / dollar in the 1.08 area
Partial rebound of the ruble after the collapse and new recovery of the dollar, while Europe discusses the possible sanctions on the import of crude oil from Russia and with the temporary ceasefire in Ukraine for the evacuation of civilians from the areas under attack. After falling to area 150, the ruble bounced back to 123 and then returned to area 130.
At the moment for a dollar need 128 rubles (-7.4%). Meanwhile, the euro remains under pressure with concerns about the effects of the war on economic recovery and the wait for indications of the ECB of tomorrow. The single currency is trading at 1.0856 as yesterday at the close of trading and at 125.3 yen.
War Russia Ukraine, gold rallies: the price exceeds 2,000 dollars an ounce
Also gold continues its run and definitely exceeds $ 2,000 an ounce, marching towards the all-time high of August 2020, with the geopolitical and economic uncertainties over the Russia-Ukraine war have increased the demand for the safe haven metal par excellence. Spot gold is trading at $ 2019.55 per ounce (+ 1.07%).
The conflict in progress has shown no signs of abating, shaking up the commodity markets because Russia is a leading supplier in many areas and an important producer of gold. Rising commodity prices also fueled the inflationary fears and growth, presenting new challenges to central banks. In addition, the London Bullion Market Association suspended six Russian precious metal refineries, banning them from selling gold and silver on the London market.
War Russia-Ukraine, gas rising at the start: it touches 295 euros / MWh then slows down to 255 euros (+ 12.23%)
Start up, although below the all-time highs reached yesterday at 345 euros per megawatt hour on the European market. The April contracts traded ad Amsterdam in the first stages they reached 295 euros per megawatt hour and then settled on an increase of 12.23% to 255 euros per megawatt hour. Contracts in May grew by 10.45% to 240 euros per megawatt hour.
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