Overnight outside: European and American stock markets closed down 2.78%, international oil prices rose more than 3%

2022-05-15 0 By

The Dow Jones Industrial Average closed down 503.53 points, or 1.43%, at 34738.06.The Nasdaq fell 394.49 points, or 2.78%, to 13791.15.The S&P 500 fell 85.44 points, or 1.90%, to 4418.64.Energy stocks bucked the trend, with Caron Oil up more than 7%, Occidental Petroleum up more than 5%, Schlumberger up more than 3% and Exxon Mobil up more than 2%.Meta Platforms fell 3.74%, Amazon fell 3.59%, Microsoft fell 2.43%, Apple fell 2.02%, Amd fell 10.01%, Nvidia fell 7.26%, NXP Semiconductor fell 6.18%.Popular Chinese stocks fell across the board, with Good Future down 7.18%, Pindoduo down 5.06%, jd.com and Bilibili down more than 3%.New energy vehicle stocks continued their decline, with Tesla and NiO falling nearly 5% and Xiaopeng Motor and Ideal Motor falling more than 4%.The FTSE 100 Stock Index closed at 7661.02, down 11.38 points, or 0.15%, from the previous day.The CAC40 index in Paris closed at 7,011.60, down 89.95 points or 1.27 percent from the previous day.In Frankfurt, Germany, the DAX index closed at 15,425.12 points, down 65.32 points or 0.42 percent.Commodity markets: Oil prices rose sharply Friday, with New York crude futures for March delivery ending up $3.22, or 3.58%, at $93.10 a barrel.Brent crude for April delivery ended up $3.03, or 3.31 percent, at $94.44 a barrel.International gold prices rose. The most actively traded gold futures for April delivery rose 4.70 dollars, or 0.26 percent, to close at 1,842.1 dollars per ounce on the New York Mercantile Exchange.The following is a roundup of key global market news:Biden will in 12 with Russian President vladimir putin on the phone in the increasingly tense situation in view of the eastern Ukraine, the United States national security adviser, said local time on February 11, jack Sullivan, President of the United States Joe biden is expected in the eastern United States time 12 on the phone with Russian President vladimir putin, consultation regarding the situation in eastern Ukraine.But Sullivan did not announce the exact time of the phone call between the two leaders.According to diplomatic sources, US President Joe Biden has told US ally Vladimir Putin that the decision to go to war has been made.Sullivan said the United States had not yet reached a conclusion about whether Putin was “invading” Ukraine.The White House has warned some chip industry companies to broaden their supply chains as quickly as possible in case Russia blocks US access to key materials for semiconductors, sources said.Techcet, a U.S. electronic materials market research firm, published a report on February 1 that highlighted the heavy dependence of many semiconductor manufacturers on materials from Russia and Ukraine, such as perfluorobutadiene, neon, palladium and others.The International Energy Agency (IEA) warned on Friday (11 February) that global oil prices could climb further because of Opec + ‘s “negative” efforts to restore production.The IEA said more output from Saudi Arabia and the United Arab Emirates was needed to calm volatile markets.Global energy demand is rebounding from the coronavirus pandemic, but lagging supplies have pushed oil prices to a seven-year high above $90 a barrel.Brussels (Reuters) – European Commission President Ursula von der Leyen said on Monday that the proposed sanctions against Russia would cover financial and energy sectors, as well as high-tech exports.Inflation “high fever is not retreated” trade deficit at a record high Americans facing huge pressure on February 10, local time, cost of living the United States department of labor, according to the latest figures in January, the us consumer price index rose 7.5%, this is the biggest year-on-year since February 1982, more than economists expected, highlights the inflationary pressures continue to rise.Economists at Deutsche Bank point out that the Fed was actually tightening monetary policy before the first rate hike.Shadow interest rates calculated in deutsche Bank’s model have risen by 85 basis points over the past three months, the economists said.Is the ECB going to sit on the sidelines this time around?The European Central Bank may have sharply raised the bar for bailing out the bond markets of Italy and other weaker eurozone countries amid concerns about record inflation.The European Central Bank shocked markets in heavily indebted southern European countries by backing away from an earlier pledge not to raise interest rates this year.The Dow Jones Industrial Average fell 503.53 points, or 1.43%, to close at 34738.06.The Nasdaq fell 394.49 points, or 2.78%, to 13791.15.The S&P 500 fell 85.44 points, or 1.90%, to 4418.64.Energy stocks bucked the trend, with Caron Oil up more than 7%, Occidental Petroleum up more than 5%, Schlumberger up more than 3% and Exxon Mobil up more than 2%.Meta Platforms fell 3.74%, Amazon fell 3.59%, Microsoft fell 2.43%, Apple fell 2.02%, Amd fell 10.01%, Nvidia fell 7.26%, NXP Semiconductor fell 6.18%.Popular Chinese stocks fell across the board, with Good Future down 7.18%, Pindoduo down 5.06%, jd.com and Bilibili down more than 3%.New energy vehicle stocks continued their decline, with Tesla and NiO falling nearly 5% and Xiaopeng Motor and Ideal Motor falling more than 4%.The FTSE 100 Stock Index closed at 7661.02 points, down 11.38 points, or 0.15%, from the previous trading day.The CAC40 index in Paris closed at 7,011.60, down 89.95 points or 1.27 percent from the previous day.In Frankfurt, Germany, the DAX index closed at 15,425.12 points, down 65.32 points or 0.42 percent.New York Crude futures for March delivery rose $3.22, or 3.58%, to close at $93.10 a barrel on Friday.Brent crude for April delivery ended up $3.03, or 3.31 percent, at $94.44 a barrel.Gold futures for April delivery rose $23.2, or 1.26%, to close at $1,860.6 an ounce on the New York Mercantile Exchange, as international gold prices rose Friday.Market analysts cited inflation concerns as the main reason for the day’s rally.(Article source: Oriental Wealth Research Center) Follow the wechat public account of Oriental Wealth and push authoritative and professional financial information to you every day!