“We’ve gotten a lot of clarity on what the Fed plans to do,” said Liz Young, chief investment strategist at SoFi. “But we’ve got this overhanging cloud of the geopolitical risk and oil prices still pressuring sentiment a little bit.”
Communication stocks, retailers and other companies that rely on direct consumer spending had some of the broadest losses. Sectors that are viewed as less risky, including utilities and household goods makers, gained ground. Trading on the Moscow exchange remained closed Thursday. Russia’s ruble lost another 15% against the U.S. dollar and is worth less than 1 cent. It has plunged since Western governments imposed sanctions that cut off much of Russia’s access to the global financial system.
Russia’s invasion of Ukraine has been the dominant issue for investors all week as they try to assess its global economic impact. Russia is a key oil producer and prices have been rising as global supplies remain threatened by the conflict, raising concerns that persistent inflation could become even hotter.to gradually increase oil production. Meanwhile, the U.S.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These five military stocks are gaining big time on Ukraine-Russia warThe US stock market has had a dismal start to 2022. Every sector, save energy, has lost ground year to date. The defense industry, however, remains an
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stocks fall, oil tops $100 a barrel as Ukraine war ragesAsian stock markets have slid and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities.
Source: KPRC2 - 🏆 80. / 68 Read more »
Oil Tops $110, Stocks Move Higher as Investors Eye UkraineStock indexes rose and oil prices jumped, as Russia pounded Ukrainian cities and investors evaluated testimony from Federal Reserve Chairman Jerome Powell. On behalf of the Brazilian people, apply sanctions against the Brazilian president jairbolsonaro for supporting Russian President Vladimir Putin! 🇺🇦❤️🇧🇷❤️🇺🇦❤️🇧🇷 Couple of months ago I came across a recommendation about Arnoldnike93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent _elizabeth467 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet her now and also be a beneficiary of good work
Source: WSJ - 🏆 98. / 63 Read more »