This morning (Sunday) the indices fell in the shadow of the fear of a Russian invasion of Ukraine. The Tel Aviv Index lost about 2.5% on average, the Tel Aviv 34 fell by about 2.6% and the Tel Aviv Finance Index fell by a similar rate. Tel Aviv 125 fell by 2.4%. Tel Aviv marketing chains fell by 2.55%, but Tel Aviv oil and gas actually rose by about 0.8 percent. Other stock market indices from around the world showed a similar result, and inflation data in the US also indicated They are about a sense of uncertainty among investors. Compared to stock prices, oil prices actually soared.
Towards the end of the week, in the shadow of rumors of an escalation in relations between Russia and Ukraine, trading ended in price declines on US stock exchanges as well. -1.43% – while oil stocks and oil prices have soared at an unobserved rate in the last 7 years. The price of a barrel of Brent crude oil rose by 3% ($ 3.03) and was set at $ 94.44. The price of the West Texas barrel rose 3.6% ($ 3.22) to $ 93.1.
At the same time, the stock of Facebook continued the negative trend and recorded a decline of 3.74%, when as expected the shares of air defense companies soared. For example, the share of the Northrop Grumman aviation concern rose by 4% and Lockheed Martin rose by 2%.
The change in prices was determined due to the crisis between Ukraine and Russia which caused investors to withdraw from the shares on the one hand – and on the other hand fear of a lack of energy resources in a similar situation. In addition, the demand for energy resources has increased following the dampening of the omicron wave and a return to routine in most countries of the world. The International Energy Agency has raised its global demand forecast for 2022 by 3.4 million barrels per day – with demand reaching an all-time high of 100.6 million barrels per day.