Stock market regains risk appetite after Russia-Ukraine invasion
Category: #headlines  | By Mateen Dalal  | Date: 2022-02-25 |
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Stock market regains risk appetite after Russia-Ukraine invasion

Amidst Russia’s invasion of Ukraine and the strategic responses from the other nations, the stock market investors reportedly observed riskier bets with MSCI global index ending above its sessions low and U.S dollar cutting gains while oil’s future pulls back from long-term record.

After recording sharp lows, the U.S Treasury yields declined, and Russia’s ruble regained most of its losses against the dollar while safe-haven gold entered the red zone after rising 3.5%.

As per sources, the S&P had slowly regained the lost ground post hitting the session dip when the U.S President, Joe Biden, unveiled new sanctions against Russia declaring that the U.S is working with the oil manufacturers to secure global energy supply.

Apparently, sanctions by the U.S Government involved Russian technology and banks imports, leaving the SWIFT international banking system and oil and gas at bay.

While Russian army has called on a full military invasion of Ukraine, Biden government refused to deploy forces in Ukraine to fight against Russia, but instead proposed to send forces to Germany.

Jack Janasiewicz, Portfolio Manager at Natixis Investment Managers Solutions, claimed that investors took a calm seat post revelation of the U.S sanctions, which excluded areas like energy and oil.

Jack mentioned that the investors are purchasing assets like technology stocks which were selling off before the invasion.

According to sources, the stocks of MSCI throughout the world closed down at 0.46% after dipping more than 3% to touch its lowest level since March 2021.

Moreover, the Dow Jones Industrial Average closed at 92.07 points at 33,223.83, in the mean while S&P 500 increased by 63.2 points. Furthermore, the Nasdaq Composite added 436.10 points and closed at 13,473.59.

For the record, Russian ruble declined by 4.51% versus the U.S dollar to $84.96 per dollar.

Source Credits:- https://www.reuters.com/markets/europe/global-markets-wrapup-1pix-2022-02-24/

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Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

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