MOEX tumbles after Putin’s news

The MOEX Russia Index fell as much as 10% before reducing its losses to 3% at 2,150. The index continued its 9% decline from the previous session as President Putin proclaimed the nation’s first mobilization since World War II.

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DAX hit 12,000 mark

European equities markets declined sharply, with the German stock index DAX hitting a two-year low of 12,000. The stock index is pressured by the hawkish monetary policy of central banks, which could draw DAX even lower.

MOEX continues to tumble

The ruble-based MOEX Russia dropped by 7% to about 1,925 on Tuesday, the lowest level in more than five years. MOEX is down 55% from its all-time high at 4,271.  Concerns about the worsening Russian-Ukrainian conflict and nuclear threats persist.

Nikkei falls by 2.66%

The Nikkei 225 Index dropped 2.66% to 26,430, finishing at its lowest point in more than two months and following the lead of a downbeat Wall Street market. Increased inflationary pressures, increasing interest rates, and concerns of a global recession continue to put pressure on risk assets.

European stock indices tumble

The sell-off on major European markets continues on Friday as investors fear the tightening wave of monetary policy would harm global growth. After dropping below 400 points on Thursday for the first time since January 2021, the STOXX 600 is down approximately 0.7%. DAX 40 is down 0.8%, setting a new two-month low.

MOEX tumbles after Putin’s news

The MOEX Russia Index fell as much as 10% before reducing its losses to 3% at 2,150. The index continued its 9% decline from the previous session as President Putin proclaimed the nation’s first mobilization since World War II.

Nasdaq to offer crypto custody services

Several sources claim that Nasdaq has been preparing an entry into cryptocurrency custody services. The action is consistent with its ultimate aim of being a service provider in the crypto industry rather than a platform for cryptocurrency trading.

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Nord Stream damaged & gas rises

Leaders in Europe thought the two explosions that destroyed the pipelines used to transport Russian natural gas to Europe were intentional. However, some officials accused the Kremlin of being behind the explosions, saying they were meant to be a warning to Europe. Meanwhile, EU gas is up 13% on Wednesday.

DAX hit 12,000 mark

European equities markets declined sharply, with the German stock index DAX hitting a two-year low of 12,000. The stock index is pressured by the hawkish monetary policy of central banks, which could draw DAX even lower.

Indian Rupee suffers losses

The Indian rupee hit a record low of 81.7 and is on track with the retreat of riskier currencies. This is due to recession fears and expectations of a hawkish Federal Reserve policy. Pressure on the rupee is also contributed to an increase in capital outflows from the country.

EU gas surges by 10%

After four straight days of losses due to concerns about future Russian supply, EU gas futures spiked 8% near €190. This may be due to the Nord Stream report of a pressure reduction at the two lines of Nord Stream and one line of Nord Stream 2.

MOEX continues to tumble

The ruble-based MOEX Russia dropped by 7% to about 1,925 on Tuesday, the lowest level in more than five years. MOEX is down 55% from its all-time high at 4,271.  Concerns about the worsening Russian-Ukrainian conflict and nuclear threats persist.

China orders massive equity buying

China continued its lockdowns that appeared to hurt its economy as the rest of the world said goodbye to COVID. The nation’s real estate market and stock market suffered as a result. Currently, the government has directed state banks to buy equities to stop excessive selling.

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USD/JPY tests previous highs despite negative sentiment
1.01%

USD/JPY tests previous highs despite negative sentiment

The US Dollar traded higher on Tuesday, boosted by the risk-averse sentiment in the markets.

Severe explosions damage Nord Stream pipelines

Swedish and Danish gauging stations massive underwater explosions where the Nord Stream pipeline subsequently started leaking gas.
S&P 500 bounces from a strong level
SP500
-1.03%

S&P 500 bounces from a strong level

Big banks are turning bearish on US stocks as the S&P 500 index dropped to its June lows.

First female Italian prime minister – who is Giorgia Meloni?

Giorgia Meloni is the first female and new prime minister of Italy. She is well-known for her right-wing activism. What is she planning?