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Markets: How War Is Shaking Stocks, Gold, Oil, Bonds, and Cryptocurrencies

Markets: How War Is Shaking Stocks, Gold, Oil, Bonds, and Cryptocurrencies

Faced with uncertainty over the armed conflict that began this morning with Russian military attacks on Ukraine, investors are making their choices based on what little they know. It appears that the choice in the session immediately following the Russian attacks is to liquidate positions and stop exposure to risk in the bud.

at European Scholarships The session opened on Thursday, February 24, lower, with a break of about 3%. By mid-morning, losses had already exceeded 4% in major European indices.. The German DAX was the most punished: the Frankfurt index lost 5% as 30 listed companies lost more than 1%. The worst: Deutsche Bank, often implicated in money laundering schemes by the Russian authorities over the past decade, has lost 10% of its exposure to Russia, where there are commercial operations.

like Deutsche Bank, Banks with exposure to Russia, like Austria’s Raiffeisen Bank and Italy’s UniCredit, are penalized in the stock market by developments in Ukraine, falling by 20% and 10%, respectively. French Société Génerale, owner of Russia’s Rosbank, lost 11%.

The Russian subsidiary of the Italian bank UniCredit, According to Reuters, had already been reported to have a “highly liquid” operation. UBS and Credit Suisse lost 9% and 7%, respectively, on the Zurich Stock Exchange, both of which are located in Russia in the field of wealth management.

However, these losses are not comparable with the losses of the largest banks in Russia, Sberbank and VTB Bank, which lost almost half of their market value in one day, declining by 47% and 42%, respectively. MOEX, the main Russian stock exchange index, After a three-hour hiatus from tradinglost 34% early Thursday afternoon.

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Investors in this Salemigrated to The origins of the traditional sanctuary, such as gold and sovereign bonds that have risen in value. price per ounce gold In April, futures traded on Comex, the New York precious metals exchange, posted intraday gains close to 3% and traded at around $1,655. For the year, the Jaguar price increase exceeded 7%.

at Sovereign obligationsHowever, the price increased with the increase in demand. Why, this Thursday, Portuguese 10-year bond yields fall to just over 1%. Thus Portugal is following the trend of its benchmark peers, the German 10-year bond, which recorded a more pronounced decline in yields.

at Cryptocurrency It has not proven to be a safe haven asset, with bitcoin losing more than 5% at $35,360, and losing 11% of its value in the past five and a half days, compared to the record high set in early November, when it touched 68K. dollar. Ether, from the protocol blockchain Ethereum posted an intraday loss of 8% to $2,386. Other popular cryptocurrencies like Cardano and Dogecoin lost 11% and 12% respectively of their value overnight.

at energymore specifically in petroleumAnd the A barrel of Brent crude crossed the $100 mark in the early morning It quoted, in the early afternoon, an intraday high of 8% at $104. Meanwhile, West Texas Intermediate crude saw an 8% rise to $99.5 a barrel. Depending on the evolution of the conflict, The foresight is for further price increases of this raw material in the near future. Germany, aware of its dependence on energy, has begun to prepare for this possibility Higher than expected inflation rate for 2022.

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In the natural gasnatural gas contracts were funds 60% price hike in three days, from around €70 per MWh at the start of the week to more than €110 per MWh on Thursday. wholesale price for Electricity in the Iberian Common Market reacts to highbecause natural gas is an essential component of electricity production, as it serves as a fuel in combined-cycle thermal power plants.