Stock prices fall as investors follow Ukraine crisis :: Dienas Bizness

U.S. and European stock prices fell on Thursday as investors followed the latest developments in the Ukrainian crisis, while oil prices rose after new signs of a breakdown in Iran’s nuclear talks.

The price of gold as a safe haven for investment rose to about $ 1,900 an ounce, following fears of a possible Russian invasion of Ukraine.

Russia’s attack on Ukraine could take place in the coming days and the threat is very high, US President Joe Biden said on Thursday.

OANDA analyst Edward Moja said the risks of war “seem to be rising”, exacerbating unrest in markets that are already nervous about the upcoming US Federal Reserve (FRS) interest rate hikes.

“Wall Street feels very nervous when looking to the left and seeing the geopolitical risks intensifying with the situation in Ukraine, and then looking to the right and seeing aggressive FRS [monetārās politikas] the possibility of amplification, “said Moja.

Major US stock market indices fell 1.8 percent to 2.9 percent, while European stock markets fell more slowly after good corporate earnings.

Last year, the European airline Airbus made a net profit of 4.2 billion euros, the highest level in the company’s history, and Airbus has returned to profit after losses in the previous two years.

Swiss food giant Nestle’s net profit and turnover increased in 2021 as the company raised prices amid rising global inflation.

Germany’s Commerzbank returned to profitability, although it had spent € 1 billion to reduce its branch network and staff.

The Dow Jones Industrial Average fell 1.8% to 34,312.03 points on Thursday, the Standard & Poor’s 500 fell 2.1% to 4,380.26 points and the Nasdaq Composite fell 2.9% to 13,716.72 points.

The London Stock Exchange index FTSE 100 fell 0.9% to 7537.37 points on Thursday, the Frankfurt stock exchange index DAX 30 fell 0.7% to 15,267.63 points, while the Paris stock exchange index CAC 40 fell 0.3% to 6946 , 82 points.

In the New York Stock Exchange, WTI crude fell 2.0% to $ 90.81 a barrel on Thursday. The price of Brent crude oil fell 1.9% to $ 92.97 a barrel on the London Stock Exchange.

The euro depreciated against the US dollar from 1.1373 to 1.1366 dollars per euro on Thursday, the British pound rose from 1.3586 to 1.3615 dollars per pound, while the US dollar depreciated against 115.52 against the Japanese yen. to 114.91 yen per dollar. The euro fell against the pound sterling from 83.71 to 83.44 pence per euro.

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