“It seems that the sharp rise in commodity prices has come to a halt, which has given investors the opportunity to focus on equities again,” said Edward Moja, an analyst at OANDA. “Geopolitical risks are still very high and the rise in stock prices over the past two weeks has been impressive.”
However, analysts acknowledged that the volatility of commodity markets such as oil remains volatile, while investors remain cautious about the impact of Ukraine’s war on the economy.
The US and the EU have announced that they will seek to free Europe from Russian gas imports in order to reduce Russia’s revenues used to finance the war.
The Dow Jones Industrial Average rose 0.4% to 34,861.24 points on Friday, the Standard & Poor’s 500 rose 0.5% to 4,543.06 and the Nasdaq Composite fell 0.2% to 14,169.29 points.
The London Stock Exchange index FTSE 100 rose 0.2% to 7483.35 points on Friday, the Frankfurt stock exchange index DAX 30 rose 0.2% to 14,305.76 points, while the Paris stock exchange index CAC 40 fell 0.03% to 6553 .68 points.
In the New York Stock Exchange, the price of WTI crude oil rose 1.4% to $ 113.90 a barrel on Friday. The price of Brent crude rose 1.4% to $ 120.65 a barrel on the London Stock Exchange.
The euro depreciated against the US dollar from 1.0997 to 1.0981 dollars per euro on Friday, the pound sterling remained unchanged at 1.3187 dollars and the US dollar depreciated against the Japanese yen from 122.35 to 122, 17 yen per dollar. The euro fell from 83.39 to 83.25 pence per euro against the British pound.
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