war? inflation? The New York and European stock exchanges ended the best week since November 2020

Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates

22:00 – Green lock on Wall Street: Dow Jones up 0.8%, S&P up 1.2%, Dow Jones up 2%. The indices closed the best week since November 2020: NASDAQ jumped 8.2%, S&P 500 jumped 6.2%, and Dow Jones jumped 5.5%.

20:35 – After soaring last week to $ 130 a barrel, amid the war in Ukraine, the price of US oil (WTI) fell this week by more than 4%. This is despite a daily increase of 1.7% ($ 1.72) to $ 104.70 a barrel.

19:35 – The sharp rises this week in the stock indices moved the gold to a weekly retreat of 2.8%. Today, the price of precious metal fell 0.7% ($ 13.90) to $ 1,929.30 an ounce.

18:35 – Encouraged by talks between Russia and Ukraine: The Stokes’ 600 leading stocks on the European stock exchanges recorded its best week since November 2020, soaring 5.2% after climbing 0.7% today.

18:30 – US President Joe Biden and Chinese President Xi Jinping Talked about the war in Ukraine, Following reports of China’s positive response to Russia’s request to assist it in supplying military equipment for the fighting, and following China’s refusal to condemn Russia for the invasion. Shay told Baiden that “conflict and conflict are not in the interests of either side,” and that “peace and security are the most precious treasures of the international community.” This was reported by the media in China. The White House said the video call between the two leaders lasted about two hours.

16:10 – Volatile trading even today: NASDAQ deleted early declines of 0.5%, moved up 1% and now climbs 0.8%. The S&P 500 also moved up.

15:30 – Slight declines in opening after three days of gains: The Dow Jones Industrial Average was cut by 0.4%, the Nasdaq and S&P 500 were deleted 0.2%. 30 Dow Jones shares in red.

15:05 – A senior Fed official, Christopher Waller, who serves on the board of the US Federal Reserve, is very concerned about inflation: he said it may be necessary to raise interest rates by half a percent, at one or more of the following meetings this year.

Last Wednesday, the Fed raised interest rates for the first time since 2018, by a quarter of a percent. Chairman Powell said the bank plans to raise it six more times this year, ie raising it at each meeting.

Waller, meanwhile, appears to be one of the more hawkish members of the bank’s senior panel, although he voted this week in favor of a quarterly percentage increase. “We need to be more aggressive in order to moderate inflation this year and next year,” he told CNBC.

Even before the interest rate decision, Waller argued that it should be raised by half a percent, but as stated, he nevertheless voted in favor of a moderate increase. “The information flowing to us is screaming for a half-percent increase, but the geopolitical events tell us to be extra careful. So I finally voted in favor of a more moderate increase of a quarter of a percent,” he said.

James Bullard, president of the St. Louis Central Bank, was the only member to vote against a quarter-percent increase and supported a half-percent increase. He said the interest rate should be above 3% by the end of the year, more than the Fed’s forecast of 1.9% by the end of 2022.

Bollard even noted that in his opinion the Fed should have already started the process of reducing its holdings in the nearly $ 9 trillion bonds, which have accumulated over 14 years (since the 2008-2009 crisis).

Christopher Waller is a senior at the Fed

14:10 – The interest rate week (Fed, England) quite matched the expectations of investors who were not alarmed by the US Federal Reserve’s statement that it intends to raise interest rates six more times this year.

And so, the Dow Jones and S&P 500 on their way to their best week since November 2020, have climbed 4.7% and 4.9% respectively so far. NASDAQ has so far strengthened this week by 6% and on its way to its best week since February 2021. This is after three consecutive days of gains in the indices.

In addition, investors this week were mostly optimistic due to the talks between Ukraine and Russia, while the fierce fighting that has been going on for three weeks.

But today there are declines in futures contracts on the leading Wall Street indices: contracts on the Dow Jones are cut by 0.6%, on the Nasdaq and S&P 500 are down by 0.7%. The price of US bonds is climbing, the yield on the bond to 10 years falls by 5 basis points to a rate of 2.14%.

Oil prices are up 1%, the WTI is climbing to $ 104 a barrel, the Brent to $ 107. Gold is down slightly from $ 1,938 an ounce. The dollar is rising against major currencies. Bitcoin is down a bit, but its price is over $ 40,000.

After the pre-reports: The share of the shipping company FedEx is cut by 3.5% after recording a quarterly profit below forecasts, due to a shortage of workers caused by the plague. The holiday period, which is considered particularly profitable for shipping companies, stood out.

The stock of gaming company Gamestop is down 7% after recording a surprising loss in the last quarter, but surpassed revenue forecasts. The omnipresent has also hit the gamstop, according to CEO Matt Perlong, who claimed that supply chain problems hit the company during the profitable holiday season. According to the CEO, the company is expected to enter the NFT market by the end of April.

GameStop Computer Game Store Manhattan New York

12:55 – The Central Bank of Russia has left the country’s interest rate at 20%, yet warned of considerable uncertainty as the economy undergoes a “large-scale structural change.” Recall, at the end of February, shortly after the Russian invasion of Ukraine, the Russian bank more than doubled the interest rate in the country From 9.5% to 20% In an effort to support bThe fall of the ruble And to mitigate the impact of severe international sanctions.

In its announcement today (Friday), the bank said that the sharp rise in the interest rate “helped maintain financial stability.” “The Russian economy is entering a state of large-scale structural change, mainly related to price adjustments in a long line of goods and services,” the bank said. “Russia’s monetary policy is expected to allow the economy to gradually adjust to new conditions and bring annual inflation back to 4% by 2024.”

10:55 – Trading on European stock exchanges is declining this morning (Friday), against the backdrop of the war in Ukraine and against the backdrop of interest rate hikes made this week – both in the US and the UK. Earlier this morning, Asian stock traded down a mixed trend – Japanese Nikkei up 0.7%, Shanghai up 1.1% while Hong Kong’s Hong Kong index down 0.4% against the trend. Meanwhile, Wall Street futures are signaling Decreases of about half a percent in the opening of trading.

A school destroyed by the bombings in Kharkov, Ukraine

8:50 – Trading in the leading exchanges in East Asia is taking place this morning (Friday) mostly with gains, after the positive close last night in New York. Oil continues to climb and is trading at $ 106 a barrel. The Japanese Nikkei climbed 0.7%, the Shanghai index in China strengthened by 1.2%. In contrast, Hang Seng weakened by 0.2%. In the background for trading, mainly, Continued fighting in Ukraine And interest rate hikes this week In the US andin England.

last night, Wall Street closed on a consecutive Tuesday of ups and downs At the end of volatile trading and as investors digest last night’s interest rate hike in the US, the first since 2018. Reports during the trading day about progress in talks between Russia and Ukraine also helped the positive trend. The Dow Jones and S&P 500 strengthened 1.2% and the Nasdaq rose By 1.3%. Energy stocks in the S&P 500 jumped 3.5%, helping the index jump 4.9% from the beginning of the week. Nasdaq rose 6% during this period and Dow Jones – 4.7%.

Trader on the Wall Street Stock Exchange

Oil prices returned to above $ 100 a barrel: WTI oil jumped 8.4% yesterday to $ 102.98. Brent jumped 8.8 percent to $ 106.6 a barrel. The reason: an update by the International Energy Agency according to which an amount of 3 million barrels of Russian oil is expected to be deducted from the markets in the coming weeks. Subsequently, the price of fuel in the US rose by 7.7% to a level of $ 3,217 per gallon. Natural gas jumped by 5.1% to a level of almost $ 5 per unit.

More yesterday – at the end of a long wait: Amazon acquires MGM Studios for $ 6.5 billion. The purchase price has been cut by almost $ 2 billion since the deal matured 10 months ago. Amazon was required to pass materials to the Federal Trade Commission that delayed the move, and so far has passed 3 million documents on the deal. Amazon can now move forward with the acquisition, but the commission can appeal at a later stage.

war? inflation? The New York and European stock exchanges ended the best week since November 2020

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