Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
23:00 – The first trading day this week on Wall Street closed with price declines, with the Nasdaq leading the negative trend with a decrease of 2%. The continuation of the war in Ukraine, the rise in fears of supply chains following the renewed outbreak of the corona in China and the fall in oil prices can be noted, with investors raising their eyes to the important US interest rate decision the next day, with an increase expected.
Among the technology stocks that stood out in the declines were Apple, which lost 2.5%, and Intel, 3%, and they weighed in on the Nasdaq. 500.
21:00 – WTI crude fell 5.8 percent today to $ 103 a barrel. Brent fell 5.1 percent to $ 106.9 a barrel. This follows reports that the US is about to reach an agreement with Venezuela to remove the sanctions imposed on it, so that it can export oil in a way that compensates for the withdrawal of Russian oil from the world market following the invasion of Ukraine. U.S. fuel fell 4.3 percent to $ 3.17 a gallon.
20:30 – The declines in New York are deepening, overshadowed by geopolitical uncertainty due to the war in Ukraine, and the continued spread of the corona plague.
NASDAQ loses 2.1% of its value, S&P 500 weakens by 1% and Dow Jones registers a decrease of 0.3%.
Gold has fallen sharply today, with investors waiting for the first US interest rate hike in four years, which the Federal Reserve is expected to announce on Wednesday.
“Precious metals, like the rest of the commodities, appear to have undergone the initial shock of Russia’s invasion of Ukraine,” BullionVault research director Adrian Ash told MarketWatch.
Gold contracts were down 1.2% today to $ 24.2 and the price of the precious metal was set at $ 1,960.8 an ounce.
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Gold and silver ingots
19:15 – Most of the gains on the New York Stock Exchange have been erased – the Nasdaq index is down 1.9%, the S&P 500 is down 0.6% and the Dow Jones is up 0.2%.
European trade closed in green, with investors cheering on talks between Ukraine and Russia.
The DAX index on the Frankfurt Stock Exchange jumped 2.2%, the CAC in Paris strengthened by 1.8% and the London Pottery added 0.5%.
17:00 – The rises in the leading indices are increasing, and the Nasdaq index is also turning green. The Dow Jones is up 1.2%, the S&P 500 is up 0.9% and the Nasdaq is up 0.3%.
16:50 – The falls in the price of oil are intensifying and the price of WTI has reached below $ 100 a barrel in the last few minutes.
Now the WTI is down 8% to $ 100.6 a barrel, Brent is down 7.5% and trading at $ 104.4 a barrel.
“Apart from the talks between Ukraine and Russia, I assume the new closures in China are the reason for the negative trend in oil prices,” said analyst Giovanni Staunovo of UBS.
China, which has seen a surge in corona morbidity in recent days, is the world’s largest importer of crude oil and the second largest oil consumer in the world, after the United States.
15:30 – The New York Stock Exchanges open the day with mixed movements – the Dow Jones is up 0.5%, the S&P 500 is up 0.5% and the Nasdaq is down 0.3%.
Chinese technology stocks are down after this morning’s declines on the Hong Kong Stock Exchange – Alibaba is down 7.7%, JD.com is down 12.2%.
Chevron loses 2.1% after dropping a recommendation.
14:10 – An hour and a half to open trading, Dow Jones contracts up 0.6%, S&P 500 contracts up 0.3% and Nasdaq down 0.4%; 10-year US bond yields up 10% 6 points to 2.07% (earlier reached 2.105%); WTI oil prices fell 4.9% to $ 104 a barrel, gold weakened 0.8% to $ 1,968.20 an ounce.
In the pre-stock market: Chevron loses 3% amid falling oil prices, as well as downgrading Morgan Stanley, from ‘over-yield’ to market-return; Competitor Exxon Leads weakened by 1.3%; Sharp declines are recorded in tech stocks from China, following the morning crashes in Hong Kong: Alibaba is down 5%, JD.com is down 5.2%.
13:30 – Analyst Jeffries Mohit Kumar, on the positive sentiment in the markets, following the hope for an agreement between Russia and Ukraine.
“In recent days we have become more optimistic, hoping that both sides may move towards a compromise. The invasion has not progressed according to Putin’s plans, a fact that may make him more willing to compromise if he is given a starting point that will satisfy him. ”
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13:00 –Trading on Wall Street will open this time and throughout the week at 3:30 PM Israel time – after the Americans switched to daylight saving time. At this stage in the pre-emergence, the increases in the banks are noticeable: Bank of America strengthens by 2.3%, Wells Fargo rises by 2.5%, j. Pi Morgan by 1.5%, Goldman Sachs by 1.6%, Morgan Stanley by 1.4%. In aviation: Delta increases by 2%, United increases by 1.6%, American by 1.5%,
11:40 – The yield on 10-year German bonds climbs by 7 basis points to 0.33%, the 10-year yield in England jumps by 9 basis points to 1.59%, the yield on the corresponding US bond rises by 8 basis points To 2.08%.
11:15 – Closing in Asia: Hang Seng fell 5% to its lowest level since 2016, Shanghai fell 2.6%, Kusfi weakened 0.6% and Nikkei rose 0.6%.
10:30 – Opening in Europe: Dax up 1.8%, Kak up 1.6%, Potsy stable; Brent is down 2.4% to $ 110 a barrel, the WTI is down 2.8% to $ 106.2 a barrel; Gold weakened 0.6 percent to $ 1,972.70 an ounce.
In aviation: EasyJet is up 4.5%, IAG is up 4.2%, Air France is up 3% and Lufthansa is up 3.9%; In banks: Deutsche Bank strengthens by 2.8%, GDP increases by 2.7%, Barclays by 3.3%; In the car: Volkswagen jumps by 7.7%, BMW rises by 4%, Renault by 3%, Stalantis by 3.4%.
The 10-year US bond yield rises by 5 basis points to 2.05%; Contracts for the Dow Jones are up 0.8%, contracts for the S&P 500 are up 0.7% and for the Nasdaq 0.4%.
The decline in Hong Kong reaches minus 5% (see earlier update).
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Volkswagen
(Photo: ULI_SONNTAG)
9:20 – The head of the International Monetary Fund, Kristalina Georgieva, told CBS about the Russian debt. “In terms of the debt service, I can say we no longer think insolvency is unreasonable. Russia has the money to pay its debts, but it has no access to it. What worries me the most is the implications beyond Ukraine and Russia.” At the same time, Georgia has stressed that there is currently no risk of deterioration other than a global financial crisis. “At this point no.” The world’s exposure to Russia stands at about $ 120 billion and according to the head of the fund, “although it is a substantial amount,” it is irrelevant in the systemic sense. ”
“A war in Ukraine means a famine in Africa. But the war also has social consequences for many countries, including through commodity prices – energy, grain, fertilizers, metals. The impact on prices in countries with high inflation is dramatic,” Georgia said.
The Russian government is expected to pay $ 117 million in the coming days for its 2 dollar series – this will probably not happen, due to the limited access to dollar bills and the Kremlin has already raised an option to pay in rubles. Payment in rubles will not be accepted and then a ‘grace period of 30 days’ will begin. In practice, Russia will actually enter for the first time since the Bolshevik Revolution into insolvency on its international accounts (during the Great Depression of 1998 in Russia it entered a similar situation in ruble accounts).
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Christina Georgieva Chairman of the International Monetary Fund
(Photo: AFP)
7:00 – Sharp declines are recorded in the Hong Kong Stock Exchange at the start of the trading week, amid the rapid rise in the number of corona patients in China – and of course the markets are operating in the shadow of the war in Ukraine.
The Hang Seng Index was down 3.8%, Nikkei up 1%, Shanghai down 1.3% and Kospi down 0.7%; In oil – Brent is down 1.8% to $ 110.6 a barrel, WTI is down 2.4% to $ 106.6 a barrel.
“China is currently hitting the biggest Cubid wave since the end of the national closure in March 2020. If the current (local) closures continue, the country’s growth will be materially hurt,” ANZ Research analysts Raymond Yeun and Zhaopeng Xing said this morning. – Things are presented on CNBC.
China’s online trading giant JD.com acquires control of Shanghai logistics company Deppon Logistics for $ 1.42 billion (9 billion yuan) – a deal that will strengthen its supply and storage network. JD will initially purchase 66.5% of the shares and will subsequently submit a takeover bid for the remaining shares. JD.com shares are down 12.4% in Hong Kong.
Other height losses in Hong Kong: Maitouan falls by 11.2%, Alibaba loses 6.8% and Tencent falls by 4.5%, Cathay Pacific weakens by 3.7%; At the bottom of the Nikkei index are traded gas suppliers Osaka Gas and Tokyo Gas, which lose 5.4% and 3.1% respectively. In finance, on the other hand – Mitsubishi Finals is up 3% and Nomura is up 2.3%; In the car – Toyota is up 3.2%, Nissan is up 2% and Mazda is up 4.6%.
Contracts for Dow Jones are up 0.6%, contracts for S&P 500 are up 0.5% and for NASDAQ are up 0.3%. 10-year US bond yields are up 4 basis points to -2.05%.
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(Photo: Bloomberg)