US and global stocks fell and oil prices rose as Putin ordered troops into Ukraine

Wall Street also headed lower as traders returned from the weekend. The daw (INDU) It fell more than 500 points by 1.5%. The Standard & Poor’s 500 (SPX) decreased by 1.2%, while Nasdaq (COMP) fall 1.5%.
European markets were volatile. The FTSE 100 (UKX) In London recovered from previous losses to close unchanged, while France CAC 40 (CAC 40) It was also flat. Germany Dax (Dax) fell 0.3%. Russian shares rebounded, after crashing more than 10% on Monday, and the ruble fell against the dollar for the fourth consecutive trading session.
Japan Nikkei 225 (N225) It fell 1.7% while China Shanghai boat (schcombe) It decreased by 1%. Hong Kong Hang Seng Index (HSI) It fell 2.8 percent, its biggest daily loss in five months.

“It looks like the situation could escalate significantly at any moment and this will keep investors on their toes for the time being,” Craig Erlam, chief market analyst at Oanda, wrote in a research note on Tuesday. “We may be on the brink of something horrible happening and this continues to feed negativity in the markets,” he added.

high oil

The escalation of uncertainty over Ukraine was reflected in the sharp rise in energy prices. US crude futures jumped 5.4 percent to trade at $95.65 a barrel. Brent crude, the global benchmark, rose 3.8 percent to $99.17 a barrel.

Russia is one of the largest oil producers in the world. It is also a major source of natural gas.

Investors fear that the conflict in Ukraine could limit or halt the flow of Russian gas to Europe, making heating and lighting their homes more expensive. In 2020, Russia accounted for about 38% of the EU’s natural gas imports, according to the data agency Eurostat.

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Germany, the region’s largest economy, is particularly at risk as it moves away from coal and nuclear power. So do Italy and Austria, which receive gas via pipelines that run through Ukraine.

Western countries are likely to respond to Russia’s invasion of Ukraine with punitive sanctions that could cut off Russian banks from the global financial system and make it difficult for the country to export oil and gas.

Chinese technology stocks hit

Concerns about a renewed tech crackdown by Beijing also dealt a blow to some of the sector’s biggest Chinese companies on Tuesday.

The Hang Seng Tech Index, which tracks the city’s 30 largest listed technology companies, lost 1.9%, down for the third day in a row.

On Friday, Chinese authorities Released new rules Request food delivery platforms to lower the service fees they charge businesses. Online food delivery platform Meituan fell 5% on Tuesday. The stock has fallen 23 percent since Friday.
Alibaba Group (Baba), which owns food delivery platform, is down 3%. Social media and gaming giant Tencent (TCEHY) It decreased as much as 3%. It closed down 0.1%. The company also owns a large stake in Meituan.

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