NEW YORK (dpa-AFX) – The escalating conflict between Russia and Ukraine could hold the US stock markets less in a stranglehold after the long weekend than initially feared. The broker IG appraised the Dow Jones Industrial (Dow Jones 30 Industrial) on Monday just under an hour before the start of trading, down 0.25 percent at 33,994 points after a slide to 33,500 points had previously been indicated. IG recently expected the technology-heavy NASDAQ 100 to be around 0.4 percent lower.
Russian President Vladimir Putin moved Ukraine’s borders again on Monday and, despite international protests, recognized the self-proclaimed People’s Republics of Luhansk and Donetsk as sovereign countries. He also ordered the deployment of Russian soldiers by decree. So far, some countries have countered this with announcements of sanctions.
“In the short term, this conflict represents a significant stress factor for the stock markets,” stated analyst Frank Wohlgemuth from the National Bank. In the past, political stock exchanges have often proved to be short-lived. Whether this will be the case again cannot be answered seriously. A timely solution to the conflict is not in sight, rather the differences appear to be of a fundamental nature. In this respect, the market expert believes that it is to be expected that the uncertainties on the stock markets will remain high in the short term.
On the company side, the current business development of Home Depot should be the focus of investors. The do-it-yourself boom gave the hardware store group another record year. Shareholders will receive a 15 percent higher quarterly dividend of $1.90 per share. Investors had apparently expected better news, as shares fell 3.5 percent premarket.
In contrast, Houghton Mifflin Harcourt’s shares are up more than 15 percent premarket. The financial investor Veritas Capital wants to take over the publishing company specializing in education and science for 2.8 billion US dollars in cash./edh/mis
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