News

MT4, MT5 related news - no progress in Russia Ukraine negotiations, oil price shocks

发布时间：2022-08-25 浏览：118

Oil prices fluctuated and Asian stock markets fell on Tuesday. Investors were worried about inflation and economic prospects due to the slow progress of Russia Ukraine negotiations and the expectation of banning oil imports from Russia.

Even if European allies do not do so, the Biden administration may be ready to promote the U.S. ban on Russian oil imports.

Asian stocks generally fell when oil prices reached a high

At present, the oil price has hit a 14 year high. Russia warned that if Western countries decide to stop oil imports due to the Russia Ukraine war,

Oil prices will likely soar to $300 a barrel, and Russia may close its main gas pipeline to Germany.

MSCI Mingsheng Asia Pacific (excluding Japan) index fell 0.4% in early trading, following the decline on Wall Street. In the red sea of the Asian market,

Japan's Nikkei index fell 0.3%, while Australia's stock market fell 0.24%, China's blue chip stocks fell 0.15%, and Hong Kong's Hang Seng Index rose 0.39% against the trend.

6018.jpg_ wh300.png

Three out of seven foreign investors sold more than 82.2 billion shares in Taiwan, the second largest oversold record in history, causing the market to plummet by 557.83 points.

Brent crude oil, the international oil benchmark, briefly hit more than $139 a barrel in the previous trading day, rising about 0.8% to $124.20 in early trading;

US crude oil rose about 0.4% to US $119.86 per barrel. In addition, as industrial buyers and traders rush to buy, the prices of many other commodities, including nickel, are also rising.

Nickel prices soared to nearly 100000 at 1400 this afternoon, an increase of nearly 100% compared with the opening price of 49980.

US stocks fell in response to economic sanctions against Russia

Russia's military aggression against Ukraine triggered comprehensive sanctions from the United States and Europe, aiming to completely isolate Russia, a huge economy;

The next day, the major stock indexes of Wall Street fell sharply, and the Nasdaq composite index confirmed that it was in a bear market. The Dow Jones Industrial Average fell 2.37%,

The S & P 500 index fell 2.95% and the Nasdaq composite index fell 3.62%.

The share price of American payment company plummeted on Monday, and American Express closed down 8.0% after saying on Sunday that it would suspend all business in Russia and Belarus,

Joining visa Inc fell 4.8% and MasterCard Inc fell 5.4% after similar announcements.

The yield of the benchmark 10-year Treasury note rose to 1.7648% from Monday's US closing price of 1.749%. The two-year US Treasury yield hit 1.5563%,

While the US closed at 1.548%, traders expected the federal funds rate to rise.

The dollar index rose and gold fell slightly

The rise in oil and other commodity prices will only aggravate the pulse of global inflation. This week's data is expected to show that the U.S. consumer price index rose 7.9% in February,

Higher than 7.5% in January

With the gloomy prospect of European economic growth, the euro rose 0.1% to $1.086 against the US dollar on the same day, and fell 3% last week to the lowest point since the middle of 2020;

Tracking the dollar against all currencies of other major trading partners, the dollar index rose to 99.215.

Gold is currently slightly lower. Spot gold traded at $1989.3546 per ounce.

The market is volatile and worried about inflation

ANZ analysts said in a report: global risk sentiment began to be seriously negative this week, and then as European leaders said they were ready to boycott sanctions on Russian energy exports,

By adopting a firm strategy to reduce dependence on Russian energy, global risk sentiment will improve.

However, the market is still volatile and highly sensitive to changes in tone. The gradual rise in the breakeven inflation rate shows that,

As commodity prices remain firmly supported, concerns about inflation are growing.