the European stocks slow down after the initial sprint. In the Old Continent, banks (+ 0.1%) and energy (+ 0.5%) are up modestly, while the price of oil continues to run and gas is in decline. Investors believe that the sanctions on Russia, decided by the invasion of Ukraine, will not have a high impact on key exports. The stoxx 600 area index increased by 0.9%. Tonic London (+ 1.4%). Paris (+ 0.8%) and Frankfurt (+ 0.6%) are also positive, after inflation and GDP data, and Madrid (+ 0.3%). Turns down Milan (-0.2%). The lists are supported by utilities (+ 1.7%) who are looking at the drop in the price of gas. In Amsterdam the price drops by 24% to 102 euros per MWh. The prices in London also fell by 24%, falling to 243 pence at the Mmbtu. The price of oil continues to rise. WTI rises to 94.16 dollars per barrel (+ 1.4%) and Brent to 100.86 dollars (+ 1.8%). Among commodities, gold fell by 3% to 1,911 dollars an ounce. On the currency front, the euro drops to 1.1186 in London.
The indexes of the Moscow Exchange raise their heads with a leap forward, after the collapse of the eve with the start of military operations in Ukraine and the announcement of sanctions by the international community. The benchmark Moex index is up 14.44%, after yesterday’s 33% drop. The RTS index in dollars gains 25.38%, after the 38% decline on the eve. On the currency front, the ruble is recovering against the dollar and the euro. the exchange rate between the dollar and the ruble fell to 83.05, after yesterday’s high, reaching 90. The trading between the euro and the ruble fell to 93.02, after yesterday’s high at 101.03.
The European stock exchanges start the session with a sharp rise, after the crash of the eve of the invasion of Ukraine by Russia. Investors are evaluating the sanctions decided by the international community against Russia, considered to be less strong than expected. Spotlights also focused on raw materials with the price of gas and oil.
The Ukrainian crisis continues to push oil prices which show a new upward trend, albeit less strong than the flare-ups of the eve. Benchmark Wti Crude Gains 1.92% and rises again towards 95 dollars a barrel to 94.54 dollars. Brent also rose and changed hands at 101.15 dollars a barrel (+ 2.09%). Yesterday North Sea oil reached a record price of $ 105.79 per barrel since August 2014; the WTI of Texas had reached $ 100.
Start of negotiations down for gas in Europe, after the jump on the eve with fears of the impact of the invasion of Russia in Ukraine and the sanctions of the international community in Moscow. In Amsterdam, prices fell by 16.6% to 112 euros per MWh, compared to 134 euros at yesterday’s closing.
The Wheat prices jumped to their highest since 2008 on the Chicago Stock Exchange in the wake of the crisis in Ukraine. According to data reported by the Bloomberg agency, the price of futures rose to $ 9.60 per bushel (bushel) and then fell slightly again.
the Asian stock exchanges closed sharply higher after the crash of the eve of Russia’s attack on Ukraine. Investors assess the impact of the global conflict and the international community’s sanctions on Russia. Closing in sharp rise for Tokyo (+ 1.95%). On the foreign exchange market, the yen continues its revaluation phase against the dollar at 115.20, and has changed little against the euro at 129.20. With negotiations still in progress Shanghai (+ 0.61%), Shenzhen (+ 1.26%), Seoul (+ 1.06%), Mumbai (+ 2.62%) are also on the rise. In contrast Hong Kong (-0.59%). The lists are supported by the performance of the technology sector. On the macroeconomic front, the data on business and consumer confidence in Italy and the Eurozone are on the way. Final GDP for the fourth quarter is forecast from Germany and France. Inflation and consumption figures are also expected from France. From the United States, orders for durable goods, consumption data and consumer confidence.
The Central Bank of China (PBOC) has made the largest weekly liquidity injection since January 2020 to keep liquidity in the markets at an adequate level also in view of the end-of-month maturities. Today’s intervention, a note reads, was 300 billion yuan (47.41 billion dollars) in the form of a 7-day reverse repo, compared to 10 billion in maturity. In the whole week, the net liquidity injected stood at 760 billion yuan (about 120 billion dollars).
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