Tag Archives: RussiaUkraine

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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 3, 2022 Waiting for the dollar’s Godot Is the U.S. dollar over as a reserve currency? That is one of several takeaways from the increasingly anfractuous conflict between Russia and Ukraine. A flurry of heavy-handed sanctions has isolated Moscow, and may yet ricochet across the global economy in unexpected ways (not the least of… Source link

All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off the lows hit by the close of trading on Feb. 23, a mere hours before Russia invaded Ukraine. Every member of the FAANG [Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet] cohort has gained in the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 2, 2022 As sanctions close a few doors, a crypto window opens Cryptocurrency has finally started behaving like something that resembles a safe haven, with bitcoin (BTC-USD) and other digital tokens taking off on Tuesday as Russia’s incursion into Ukraine took a more dramatic turn. As Yahoo Finance’s David Hollerith has been… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 1, 2022 US may have the biggest piece on the geopolitical chess board There are multiple takeaways from a particularly intense week that saw Russia’s incursion into Ukraine prompt Western economies — in a rare and historic show of force and unity — put the financial squeeze on Moscow. But one in particular stands out. The… Source link

All eyes are on Russia this week as the West’s growing docket of financial penalties deal a harder-than-expected blow to the country’s economy, challenging a decades-long effort by President Vladimir Putin to make the system sanction-proof. To add to the economic blowback, Corporate America and a growing number of multinational companies have joined in protest of Moscow’s military attack on Ukraine, moving to sever business dealings with Russia or take a stand in support for Ukrainian… Source link

A good buying opportunity into a stock market well off its highs has taken shape, argues BlackRock Investment Institute Global Chief Investment Strategist Wei Li and her team. The rationale: the escalating situation between Russia and the West will likely mean a slower pace of interest rate hikes from global central banks. “We see fast-rising energy prices exacerbating supply-driven inflation, both delaying and raising its peak. We think central banks will need to normalize policy to pre-Covid… Source link

This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading. Benzinga Pro has an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of… Source link

Russia invaded Ukraine Thursday, shelling key strategic targets.Vadim Zamirovsky/AP Morgan Stanley Wealth Management CIO Lisa Shalett said the Russia-Ukraine conflict will keep markets in risk-off mode for weeks. She said a rapidly-changing situation often results in a flight out of risk assets, but this isn’t a good strategy in the longer run. Russia invaded Ukraine on Thursday in the region’s largest military operation since World War 2. Financial markets have been roiled this week after… Source link

With a global conflict afoot, gold (GC=F) has revived its status as a safe-haven in times of turmoil. But Bitcoin? Not so much. Bullion on Thursday surged close to $2000 per ounce, its highest since 2020, after Russian forces attacked multiple targets across Ukraine, which prompted investors to flee risky assets. Meanwhile, the U.S. dollar — the world’s premier reserve currency and another safe-haven during market duress — is gaining ground against a broad basket of currencies. However,… Source link