Trending
Tuesday, March 17
Business

Global stocks mixed as investors worry about Russia-Ukraine tensions and upcoming Fed plans

u1news-staffBy No Comments3 Mins Read
Markets in the Asia Pacific region plummeted throughout the day due to Australia’s S & P / ASX 200 and Japan’s benchmarks. Nikkei ((((N225). Close 2.5% and 1.7% respectively.Korean Kospi ((((KOSPI). It decreased by 2.6%.
The Chinese market also suffered a loss on the benchmark Shanghai Composite ((((SHCOMP). Lower the index by 2.6%.Hong Kong Hang Seng Index ((((HSI). It fell 1.8%.

Following the fall in Asian markets on Tuesday, European stocks rebounded slightly.

When the market opens, in Germany DAX ((((DAX). And in France CAC 40 ((((CAC 40). London FTSE 100 ((((UKX). It increased by 0.7%.
Stoxx 600 (SXXP) Covered 600 companies in 17 countries, an increase of 1%.
A small rebound in Europe came quite a bit later Sell ​​off Monday and above Increased fear About the possibility of Russia’s invasion of Ukraine.French CAC 40 ((((CAC 40). And in Germany DAX ((((DAX). London FTSE 100 ((((UKX). It fell 2.6%.
Stocks end higher after dramatic sellouts

Meanwhile, US stocks soared dramatically as investors tried to understand many issues, from geopolitical tensions to the next Fed meeting. In the profit season. Continuing concerns about inflation continue.

Initially, the stock opened in the red on Monday, A few days of turbulence On Wall Street.

At the worst of the session, the market had its worst day since October 2020, with the Dow dropping more than 1,000 points.

However, within minutes of closing, the major indices reversed course and turned green. The Dow ((((INDU). It increased by 0.3%, that is, 99 points.
The S & P 500 ((((SPX).The widest indicator of the US stock market was also 0.3%.
The Nasdaq Composite Index ((((COMP).Entered the correction area last week, closed 0.6%.
but, US futures Fall overnight on Tuesday, Dow futures, S & P 500 futures and Nasdaq futures tracked 0.8%, 1.2% and 1.6% Each is low.

Lots of digestion

Investors are thinking a lot this week.

Traders are worried and watching the situation in Ukraine as Ukraine is at increased risk of being invaded by Russia.

According to Michael Hewson, chief market analyst at CMC Markets, the news that the United States and the United Kingdom have withdrawn some staff from local embassies has led to concerns about the worsening situation.

“It really gave the European market a really difficult tweak,” he said. Told CNN Business..
Russian aggression will bring more fear to the market

In the United States, Oanda’s senior market analyst in the Americas, Edward Moya, said, “Equities sought to recover from a major liquidation on Monday resulting from aggressive federal tightening and growing concerns over Russia’s invasion of Ukraine. “.

“Uncertainty about the collaborative efforts of Russia and Ukraine and China and Taiwan could lead to risk aversion sales in the coming weeks,” he said in a report to customers on Monday.

Brent crude, the global benchmark, rose 0.7% on Tuesday to $ 86.89 a barrel.

Investors are also wary of the earnings season as they move to Big Tech. Microsoft ((((MSFT)., IBM ((((IBM)., Intel ((((INTC). When Apple ((((AAPL). this week.

Then there will be a Fed meeting, ending with a policy statement on Wednesday and a subsequent press conference.

Uncertainty about the Federal Reserve’s plans makes Wall Street its Worst week Since the start of the pandemic.

— CNN Business’s Anneken Tappe, Julia Horowitz, and Charles Riley contributed to this report.

Related Posts

Add A Comment

Leave A Reply