NEW YORK (awp international) – After some slightly positive signals in the conflict between Russia and the West, fears of the consequences of a Russian invasion of Ukraine are increasing on the financial markets. The broker IG appraised the Dow Jones Industrial on Friday, just under an hour before the start of trading, down 0.21 percent to 34,240 points.
On a weekly basis, the Wall Street Index shows a somewhat clearer loss. With a view to the Dow chart, the warning of a sustained drop below 34,300 points also applies, because then there is a possible free fall “at least back to the 33,300 mark”, as Andreas Büchler from Index Radar stated the day before would have.
IG expected the technology-heavy Nasdaq 100 to hardly change recently.
Investors were initially relieved by the fact that the US and Russian foreign ministers plan to meet next week for advice. This raises hopes of diplomatic progress to defuse the crisis in Ukraine, it said.
But then reports surfaced that the separatists in the Donbass region wanted to evacuate women and children to Russia. The futures on Wall Street then gave way around an hour and a half before the start of trading.
On the company side, the focus is on the chemical groups Celanese and Dupont, whose shares increased by 2.8 percent and 4.1 percent before the market. Celanese is buying rival Dupont’s specialty plastics business for $11 billion (€9.7 billion) in cash.
The shares of Deere & Co. gained 1.2 percent before the market, because the earnings per share of the agricultural machinery manufacturer were better than analysts feared in the first quarter of 2021/22. In addition, Deere raised its profit target for the current financial year.
The share certificate from Inspirato should also attract a lot of attention. The specialist for luxury travel was recently taken public by Spac and the day before, driven by speculative investors, had increased by almost 650 percent. The price at the end of the trading day finally amounted to 92.65 dollars, which means that the market value is now just under 2 billion dollars. A Spac (Special Purpose Acquisition Company) is a company or stock exchange shell that goes public without any economic activity and collects money there in order to later merge with a private company or buy it./ck/mis
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