Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
European stocks are currently trading down 2% -4.3% in the leading stock indices. Bank shares lead the declines with a 7.5% drop in the banks index. On the other hand, the energy stock index is climbing by more than 2%.
The day of trading on European stock exchanges opened with 3% -5% declines in the leading stock indices, against the background of the continued escalation around the war in Ukraine.
Trading in futures contracts on US stock indices is down 1.4% -2.1% and the yield on 10-year US government bonds is stabilizing at about 1.72%.
In the commodity trading segment, oil prices continue to rise: Brent oil futures, the global benchmark, now stand at $ 128.5 – a jump of 8.8%. A US WTI oil contract is also climbing, standing at $ 125.3 – an increase of more than 8%.
In Tokyo, trading closed with a 3% drop in the Nikkei index.
Against the background of the continued escalation in the war in Ukraine, the Asian stock markets opened the week with a significant negative trend. The Hong Kong Hong Kong Index fell 4% during trading, then declined and is now down 3.3%. The Shanghai index is now losing 1.5%, and the Nikkei in Tokyo is down about 3%.
Trading in futures contracts on US stock indices is down by up to 1.4% and the yield on 10 year US government bonds is down to about 1.70%.
In the commodity trading segment, oil prices continue to rise: Brent oil futures, the global benchmark, now stand at $ 130 – a 10% jump. A US WTI oil contract is also climbing, standing at $ 125.7 – up 8.7%.
Earlier, Brent oil contracts soared to $ 139.1 a barrel, a record high since July 2008. The jump in prices came in the wake of U.S. Secretary of State Anthony Blinken, who said yesterday that Washington and its allies were considering banning oil and gas imports from Russia.
Gold also does not stop and the ounce price (contract for April) climbs 1.2% to $ 1,990.
In the crypto arena, Bitcoin is down about 2% and trades at around $ 38,000 and Etherium is down by 3.3% and trades at around $ 2,500.