- Stocks pick up pace after Putin’s comments.
- Wall Street futures rise more than 1%.
- The dollar with mixed results.
Equity markets are rising in Europe as are futures on Wall Street. Stocks extended gains after Russian President Vladimir Putin claimed significant changes in talks with Ukraine.
The SP 500 closed Thursday down 0.43%. Futures rise 1.40%. The Dow Jones climbs 1.20% and aims to open at a maximum in one week. In Europe, the DAX advances 3.37% and the CAC 40 climbs 2.37%.
The dollar weakened in the context of increased risk appetite, as did the yen. Treasury yields are rising and are nearing Thursday’s highs. In yesterday’s session they had a significant advance after the US inflation data, which showed the highest annual CPI reading since 1982. Next week will be the meeting of the Federal Reserve.
Oil erased almost all gains as optimism surged in the last hour. The barrel of WTI (future) rises 1.05% and trades at $107.20, far from the peak of $110.00 hours ago.
The good tone in the markets favors even cryptocurrencies. The Bitcoin rises 1.50%, returning over $42,000.
The theme of war remains dominant. The comments of Putin They have not had any repercussions in the field. Media reported that Russia will send thousands of fighters from the Middle East to join forces in Ukraine. In the night the shelling continued over western Ukraine.
Russia announced the export ban on more than 200 products. US President Biden will give a speech on the situation regarding Russia. While the Russian stock market is still closed.
Regarding data, it will be published in the US on University of Michigan Consumer Confidence Index and in Canada the employment report.
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
