the European stock exchanges recover after the news that Moscow would be willing to send a delegation to Minsk to enter into negotiations with Ukraine. Piazza Affari ends the session with a strong rise. The Ftse Mib gained 3.59% to 25.773 points, recovering most of the losses marked Thursday when the index had left 4.15% on the ground, slipping below the 25,000 threshold. The Moscow Stock Exchange rebounds after panic selling unleashed by the invasion of Ukraine and the threat of harsh sanctions by the US and Europe. The Moex index, which yesterday had lost 33.3%, today recovered part of the losses, rising by 20% while the RTS index, which yesterday dropped by 38.3%, rose by 26.1% today. The recovery was facilitated by the fact that the sanctions ultimately turned out to be less harsh than expected, even if large banking groups such as Sberbank (+ 16%) and Vtb (unchanged) have lost half of their value in the last few sessions. The ruble also rose, up 1.6% against the dollar to 82.9.
the European stock exchanges close the session on highs, after having weighed the sanctions against Russia – less disruptive than expected – and glimpsed the possibility of starting negotiations between Kiev and Moscow. In London the Ftse 100 closed with a jump of 3.91%, to 7,489 points, in Paris the Cac 40 rose by 3.55% to 6,752 points while in Frankfurt the Dax recorded a progress of 3.67% to 14,567 points. The rebound was also facilitated by investor coverage, who saw buying opportunities after the heavy correction recorded by the market in recent sessions.
Strong drop in Amsterdam for gas futures, in the throes of extreme volatility after the invasion of Ukraine by Russia. The European gas benchmark, which jumped 51% yesterday, today it fell by 29.7%dropping from 134.5 to 94.5 euros per megawatt hour.
The European Central Bank is ready to take all possible measures “to ensure price stability and financial stability in the eurozone”ECB president Christine Lagarde said at a press conference at the informal Ecofin in Paris.
The price of oil continues to rise. WTI rises to 94.16 dollars per barrel (+ 1.4%) and Brent to 100.86 dollars (+ 1.8%). Among commodities, gold fell by 3% to 1,911 dollars an ounce. On the currency front, the euro drops to 1.1186 in London.
The Ukrainian crisis continues to push oil prices which show a new upward trend, albeit less strong than the flare-ups of the eve. Benchmark Wti Crude Gains 1.92% and rises again towards 95 dollars a barrel to 94.54 dollars. Brent also rose and changed hands at 101.15 dollars a barrel (+ 2.09%). Yesterday North Sea oil reached a record price of $ 105.79 per barrel since August 2014; the WTI of Texas had reached $ 100.
The Wheat prices jumped to their highest since 2008 on the Chicago Stock Exchange in the wake of the crisis in Ukraine. According to data reported by the Bloomberg agency, the price of futures rose to $ 9.60 per bushel (bushel) and then fell slightly again.
the Asian stock exchanges closed sharply higher after the crash of the eve of Russia’s attack on Ukraine. Investors assess the impact of the global conflict and the international community’s sanctions on Russia. Closing in sharp rise for Tokyo (+ 1.95%). On the foreign exchange market, the yen continues its revaluation phase against the dollar at 115.20, and has changed little against the euro at 129.20. With negotiations still in progress Shanghai (+ 0.61%), Shenzhen (+ 1.26%), Seoul (+ 1.06%), Mumbai (+ 2.62%) are also on the rise. In contrast Hong Kong (-0.59%). The lists are supported by the performance of the technology sector. On the macroeconomic front, the data on business and consumer confidence in Italy and the Eurozone are on the way. Final GDP for the fourth quarter is forecast from Germany and France. Inflation and consumption figures are also expected from France. From the United States, orders for durable goods, consumption data and consumer confidence.
The Central Bank of China (PBOC) has made the largest weekly liquidity injection since January 2020 to keep liquidity in the markets at an adequate level also in view of the end-of-month maturities. Today’s intervention, a note reads, was 300 billion yuan (47.41 billion dollars) in the form of a 7-day reverse repo, compared to 10 billion in maturity. In the whole week, the net liquidity injected stood at 760 billion yuan (about 120 billion dollars).
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