NEW YORK (dpa-AFX) – The war in Ukraine, which is being waged with undiminished severity, and the price rally on the commodity markets are likely to cause losses on the US stock market at the start of the new trading week. The rise in oil prices to their highest level since 2008 had previously put pressure on trading centers in Asia and on European stock exchanges. The mood remains tense, commented market expert Andreas Lipkow.
Most recently, however, the pre-market discounts on Wall Street had reduced significantly. About three quarters of an hour before the official start of trading, broker IG appraised the leading US index Dow Jones Industrial
In the past week, the stock exchange barometer had given way more than one percent in the face of the armed conflict and thus held up significantly better than the Dax. The tech-heavy US index Nasdaq 100
The oil price shock is currently fueling investors’ fears of stagflation – i.e. a halt to growth when prices rise – and is causing uncertainty. Oil prices, which had already risen in the past week, have recently continued to rise sharply after US Secretary of State Anthony Blinken brought further punitive measures against Russia into play. Washington is therefore advising European allies on a possible import stop for oil from Russia.
According to information from Kyiv, negotiators from Russia and Ukraine want to meet for talks for the third time before the official start of trade in the USA. The first two rounds of negotiations had not produced any tangible results, and planned evacuations of the population from some Ukrainian cities had recently failed. Ukraine and Russia blame each other for this. Meanwhile, US Secretary of State Blinken announced on Monday that more US troops would be deployed to the Baltic States.
While there is little data available on the economic side in the USA, investors on the corporate side are mainly focusing on commodity stocks before the market. With papers like Chevron
The ride-sharing service Uber
ISIN US2605661048 US6311011026 US78378X1072
AXC0254 2022-03-07/14:56
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