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Stocks across the world recover over the shadow of peace in Ukraine crisis

Stocks across the world recover over the shadow of peace in Ukraine crisis

On Wednesday, global stocks rose as investors awaited indications of progress in the Ukraine crisis, while Treasury yields gained to their highest level since mid-2019 in expectation of the first interest rate hike in three years.

Stocks were also lifted by prospects of Chinese stimulus.

On Wednesday, Ukrainian President Volodymyr Zelensky said that peace talks between Russia and Ukraine were beginning to sound more realistic, but that more time was needed because Russian airstrikes killed five people in Kyiv’s capital and the number of refugees displaced by Moscow’s invasion had reached 3 million.

In the face of rising prices, investors expect the US Federal Reserve to boost interest rates. On two dollar-denominated Eurobonds, Russia owes $117.2 million in interest.

The stock market in Europe increased by 2.2 percent. Stocks in China were up 4.2 percent.

To almost $1.099, the euro increased by 0.33 percent. Since the invasion of Ukraine, oil prices have been unpredictable. At $1,918.95 per ounce, spot gold was hardly changed.

Brent crude climbed 2.38 percent to $102.22 a barrel, while US crude gained 1.62 percent to $98.08.

On Tuesday morning, the normally westbound pipeline was switched as nominations to carry gas into Germany fell to zero, while Polish clients purchased gas from Germany.

In most cases, Standard Bank will stop financing new coal and oil-fired projects and gradually reduce its fossil fuel exposure.

As part of their efforts to combat global warming, financial services firms are increasingly committing to net-zero targets.

Investors should not fund any new oil, gas, or coal supply projects, according to the International Energy Agency, in order to attain net-zero by 2050.

It will cut loans to oil exploration and production by 5%, and finance to power clients who generate power primarily from oil will be eliminated.

Pfizer Inc and BioNTech SE (BNTX) filed an emergency use authorization application with US authorities on Tuesday for a second booster dose of their COVID-19 vaccine.

More at: FXreviewtrading.com

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