August 9, 2022

The Catholic Transcript

Complete News World

US stocks run lower after the financial war against Russia - 02/28/2022 - Market

US stocks run lower after the financial war against Russia – 02/28/2022 – Market

Investors sought to minimize the risk involved The beginning of the Western financial war against RussiaThe prices of these notes fell this Monday (28) as they sold their shares in the US stock markets due to the invasion of Ukraine.

At 1 p.m., the S&P 500 was down 0.54%, while the Dow Jones was down 0.66%. Technology companies’ Nasdaq index rose 0.43%.

The move follows a similar reaction from investors in Europe. Major stock markets were less open.

In Brazil, the stock market is closed on Mondays and Tuesdays (1) Since the festival is a holiday. Stock trading on the local market will resume on Wednesday (2) from 1 p.m.

The Dow Jones Brazilian Titans 20 ADR code was traded on the US market, reflecting the performance of key ADRs (American Depository Receipts) of Brazilian companies, operating with a profit margin of 0.12%.

The Central Bank of Russia announced on Monday Will raise its primary rate by 10.5 percentage pointsRaising it to 20% to counter the tough sanctions imposed by the West on Russia’s occupation of Ukraine.

The company trying to protect the ruble said that “the Russian bank will make additional decisions based on the assessment of risks associated with external and internal conditions and the response of financial markets to these risks at the reference rate.” No Severely discredited Since the beginning of the Russian invasion of Ukraine. On Monday, the value of the currency against the dollar fell by about 30%.

However, the announcement did not stop the Russian currency from having a new session of strong depreciation on Monday. US ban All transactions with the Central Bank of Russia.

See also  UK companies lose out on high energy prices - Community - RTP Madeira

U.S. officials said Monday that two sanctions imposed by the United States and its allies on Russia’s central bank and other key resources are likely to boost inflation, affect its purchasing power and reduce investment. .

As investor tensions rise, Oil prices have risen On Monday, sanctions will cause severe disruptions in exports of goods by Russia.

Brent was up 2.86% at US $ 100.73 (BRL 517.63) after reaching $ 105.07 (BRL 539.93) a barrel in early trade.

With Reuters