Asian stock markets fell Friday after Western governments promised new sanctions on Russia and President Vladimir Putin tried to prop up Moscow’s sinking ruble by threatening to require Europe to use it to pay for gas exports.
Western leaders meeting Thursday promised additional sanctions, which President Joe Biden said were meant to “increase the pain” on Putin. But the leaders released no details of possible new penalties. Putin’s demand is a “cunning gambit meant to frustrate sanctions” while “elevating uncertainty for the West,” said Tan Boon Heng of Mizuho Bank in a report.
On Wall Street, the S&P 500 rose to 4,520.16. The Dow Jones Industrial Average gained 1 per cent to 34,707.94 and the Nasdaq composite rose 1.9 per cent to 14,191.84.Big Tech companies have outsized values that tend to sway the broader market in either direction. Chipmaker Nvidia vaulted 9.8 per cent for the biggest gain in the S&P 500. Facebook parent, Meta, rose 2.9 per cent.Russia’s Feb.
The SuezCanal, vital oil transit route . Taxing 15% on CrudeOil and 20% on LNG Today by announcing more Sanctions on Russia it will INCREASE oil price especially to cover those tax increase by the Suez Canal Egypt $OXY CL_F BZ_F G7 NATO WTI EU