NEW YORK (dpa-AFX) – Losses are emerging on the US stock markets on Wednesday. The war in Ukraine weighs on the courses. Three quarters of an hour before the start of trading, the broker IG rated the leading index Dow Jones Industrial (Dow Jones 30 Industrial) almost 0.4 percent down to 34,671 points and the technology-heavy NASDAQ 100 almost 0.8 percent weaker to 14,537 points. This beckons a continuation of the zigzag course since the beginning of the week, after the courses had risen sharply in the past week.
Statements by Russian President Vladimir Putin that “enemy states” should pay for natural gas in rubles weighed on the mood. Meanwhile, a summit meeting of NATO, the Group of Seven important industrialized countries (G7) and the European Union (EU) is taking place in Brussels on Thursday to organize further action against Russia at the highest level one month after the attack on Ukraine. Before that, oil prices continued to be very volatile. The talks are also said to be about new economic sanctions against Russia and the question of possible import bans on Russian crude oil. The US had already decided not to import Russian oil anymore.
In addition, US monetary policy remains an issue. At the beginning of the week, Fed Chairman Jerome Powell had already brought up the possibility of faster rate hikes in view of the “much too high” rate of inflation. US President Biden meanwhile wants to fly to Europe this Wednesday.
The shares of Adobe Systems, which have recently recovered clearly, lost more than three percent before the market after the software company had presented surprisingly strong quarterly figures, but disappointed with the outlook.
Stellantis shares listed in New York fell by almost two and a half percent. The German-French battery cell manufacturer ACC wants to build a third factory in Termoli, Italy. This was announced by the joint venture between the car companies Mercedes-Benz (Mercedes-Benz Group (ex-Daimler)) and Stellantis (Peugeot, Opel, Fiat) and the energy company Totalenergies.
In contrast, General Mills shares are up almost 3 percent. The food manufacturer raised its full-year targets given higher prices for its products and strong demand./gl/mis
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