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The invasion of Ukraine by Russia in the early hours of this Thursday morning has already given the first consequences to the economy. The price of oil and gold rose sharply, but so did the value of the dollar, while the Moscow Stock Exchange imposed a ban on trading for the entire day on Thursday.
The high level of uncertainty is affecting the performance of stock exchanges, starting with those in Asia that reached their minimum since 2020, when the first news about the coronavirus pandemic spread.
The price of oil reached $ 100 per barrel for the first time since 2014 and there have been new increases for natural gas, of which Russia is the main supplier to European countries. Gold reached a new level after its price increase in early 2021.
The Wall Street Stock Exchange and the Nasdaq Technical Stock Index ended Wednesday losing 1.38 and 2.57 percent, respectively. According to analysts, after an initial collapse, stocks will rise again in the coming weeks, after clarifying Russia’s intentions in addition to military intervention.
In Tokyo, the main stock market index closed at 1.3 percent, while the Australian index lost 3 percent and the South Korean index 2.6 percent. The Hong Kong Stock Exchange lost 3.4 percent and the Shanghai Stock Exchange 1.7 percent. In the following hours, losses from the main stock indices of European stock exchanges are expected.
Among the raw materials that need to be monitored more carefully is gas, the price of which has significantly affected the cost of energy in most of Europe.
The main reference index recorded an increase of 41 percent, confirming the increases observed in recent weeks.
The ruble, the Russian currency, has hit an all-time low against the dollar, losing more than 7 percent. For one dollar it takes 87.66 rubles, at the end of 2021 it took about 73. In the early hours of Thursday, the euro lost 0.55 percent against the dollar and 1 percent against the yen, the Japanese currency.
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