The Milan Stock Exchange opens sharply, after yesterday’s thud as a result of Russia’s invasion of Ukraine. The first Ftse Mib index gains 1.03% to 25,136 points.
The Moscow Stock Exchange flies at the start of the session, after yesterday’s thud with the invasion of Ukraine. The Micex index advanced by 9.87% to 2,261 points. On the currency front, the ruble strengthens against the dollar and the euro, after the collapse of the eve of the day. At the current exchange rate for one dollar, it takes 83.66 rubles, after hitting a low of 89.60 yesterday. Against the euro, the Russian currency is trading at 93.50, after yesterday hitting an all-time low of 101.03.
The European stock exchanges start the session with a sharp rise, after the crash of the eve of the invasion of Ukraine by Russia. Investors are evaluating the sanctions decided by the international community against Russia, considered to be less strong than expected. Start of session on positive ground for Frankfurt (+ 1.27%), Paris (+ 0.78%), London (+ 1.02%) and Madrid (+ 0.54%)
Investors are focusing their attention on the impact of sanctions on Russia. Spotlights also focused on raw materials with the price of gas and oil. The futures of the main lists of the Old Continent are positive while those of the USA are down.
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.
Start of negotiations down for gas in Europe, after the jump on the eve with fears of the impact of the invasion of Russia in Ukraine and the sanctions of the international community in Moscow. In Amsterdam, prices fell by 16.6% to 112 euros per MWh, compared to 134 euros at yesterday’s closing.
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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