World oil prices rose again on Friday, as did US and European stock prices, despite Russia’s attack on Ukraine and central bank measures to curb inflation.
However, European stock prices, which had been falling for most of the day, closed the trading session with an increase.
The Wall Street trading session also began with a fall in stock prices, but was soon replaced by a rise and the main Wall Street indices rose 0.8-2.1% during the day.
The International Monetary Fund (IMF), the World Bank and other major world lenders have warned of the “far-reaching” economic consequences of the war in Ukraine and expressed “horror” at the “devastating humanitarian catastrophe”.
The International Energy Agency (IEA) called on governments to take immediate action to reduce global oil consumption in the coming months in response to concerns about security of supply posed by the Russian invasion of Ukraine.
The Dow Jones Industrial Average rose 0.8% to 34,754.93 points on Friday, the Standard & Poor’s 500 rose 1.2% to 4463.12 points and the Nasdaq Composite index rose 2.1% to 13,893.84 points.
The London Stock Exchange index FTSE 100 rose 0.3% to 7404.73 points on Friday, the Frankfurt stock exchange index DAX 30 rose 0.2% to 14,413.09 points, while the Paris stock exchange index CAC 40 rose 0.1% to 6620 , 24 points.
In the New York Stock Exchange, the price of WTI crude oil rose 1.7% to $ 104.70 a barrel on Friday. The price of Brent crude on the London Stock Exchange rose 1.2% to $ 107.93 a barrel.
The euro fell against the US dollar from 1.1091 to 1.1051 dollars per euro on Friday, the British pound rose from 1.3149 to 1.3181 dollars per pound and the US dollar against the Japanese yen rose from 118.60 to 119.13 yen per dollar. The euro fell against the British pound from 84.35 to 83.81 pence per euro.
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