NEW YORK (dpa-AFX) – The Ukraine war continued to have a grip on the stock markets on Tuesday. After the stock markets in Europe came under heavy pressure, Wall Street is now likely to start trading with slight losses. The broker IG assessed the leading index Dow Jones Industrial around three quarters of an hour before the start of trading 0.45 percent lower at 33,741 points. The tech-heavy Nasdaq 100 is expected to fall 0.41 percent.
Russia is stepping up its attacks on Ukraine. Regardless of new Western sanctions, Moscow wants to stick to its course in the war against the country.
Against this background, investors are still very nervous and are heading for the safe haven of government bonds. In addition, oil prices are rising sharply. In addition to the Ukraine war, the reasons for this are the deteriorating relations between the West and Russia. Commodity experts are dealing with the consequences for Russia’s oil supplies. The country is one of the world’s largest crude oil producers and exporters. The International Energy Agency plans to hold an extraordinary meeting on the subject on Tuesday.
Against this backdrop, shares in oil companies should remain in demand. Chevron’s shares rose by around one percent in pre-market US trading. The company had also raised the target range for its share buybacks each year.
For the video conferencing service Zoom, the time of explosive growth in the Corona crisis is over, as the latest business figures show. With the waning tailwind from the corona pandemic, the growth rates for the video conferencing service also normalized, wrote analyst Kash Rangan from the investment bank Goldman Sachs. Zoom’s shares lost more than two percent before the market./la/men
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