Global stocks are shuffling as calls for new sanctions against Russia increase

BANGKOK – Global stocks were mixed on Monday, with European stocks mostly lower after a profit day in Asia.

Paris, Frankfurt, Tokyo and Hong Kong rose. London was a little changed. Shanghai was closed for a holiday.

Oil prices rose while US futures fell.

Ukrainian President Volodymyr Zelensky said the country would involve international investigators in investigating alleged atrocities against civilians by Russian troops. Ukraine said the bodies of at least 410 civilians were found in areas outside the capital Kyiv after the withdrawal of Russian troops last week.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell joined the growing chorus of international criticism of the alleged atrocities, saying the 27-nation bloc “will move forward, as a matter of urgency, to work on further sanctions against Russia”.


Additional sanctions could affect energy and other markets, adding to uncertainty.

The German DAX lost 0.7% to 14,344.48, and the CAC 40 in Paris fell 0.6% to 6,646.42. The British FTSE 100 rose 0.2% to 7,552.03. On Wall Street, the future for the S&P 500 lost 0.1%, while that for the Dow Industrials fell 0.2%.

On Friday, the S&P 500 rose 0.3%, while the Dow Jones Industrial Average added 0.4%. The combined Nasdaq grew 0.3% and the Russell 2000 small capital increased 1%.

Shares of Hong Kong-based Chinese companies rose on Monday after regulators in Beijing said they planned to revise rules on overseas regulators’ access to full audits of companies with shares listed overseas.

China’s financial magazine Caixin said China has proposed revisions to rules restricting the sharing of financial data to offshore companies to help resolve a long-running dispute with the United States that could lead to more than 200 Chinese stocks being listed on US stock exchanges. . This will eliminate the requirement for on-site inspections of Chinese companies traded abroad to be carried out mainly by Chinese regulators, Caixin said.


“Signs of a potential compromise to preserve Chinese stocks registered in the United States may help alleviate some of the fears of elimination, which is one of the factors that weigh on Chinese stocks over the past year,” said Jun Rong Yep of IG.

Shares in the video platform BiliBili jumped 10.5% in pre-market trading. Shares of Meituan rose 7.4 percent, search engine Baidu jumped 7.8 percent and e-commerce JD.com jumped 5.7 percent.

Hong Kong’s Hang Seng index rose 2.1 percent to 22,502.31 after CEO Kari Lam said he would not run for a second term as a senior official in the territory.

Lam’s five-year term was marked by massive protests, security crackdowns and a huge wave of COVID-19. Her successor will be elected in May, and the city’s security chief is among the possible elections during the 2019 protests.

In Tokyo, the Nikkei 225 rose 0.3 percent to 27,736.47. Kospi in Seoul rose 0.7% to 2,757.90. The S&P / ASX 200 in Sydney rose 0.3% to 7,513.70, while India’s Sensex jumped 1.9% to 60,411.20.


Wall Street benchmarks rose on Friday after a healthy report on the U.S. labor market on Friday eased concerns about a pandemic recovery, although it also heightened the likelihood of further interest rate hikes.

Stronger employment could give the Federal Reserve more leeway to raise interest rates to reduce the price increase that covers the country. The Fed has already raised its base overnight interest rate once, the first such increase since 2018. Following Friday’s job report, traders raised bets that the Fed will raise interest rates at its next meeting by twice the usual amount.

The Fed is due to release minutes of its last meeting on Wednesday.

Oil and gas prices are rising as demand recovers from the depths of the COVID-19 pandemic. Russia’s invasion of Ukraine, a major oil and gas producer, has increased the risk that sanctions and export restrictions will reduce supplies.


A barrel of US crude rose 67 cents to $ 99.94 a barrel in e-commerce on the New York Mercantile Exchange on Monday. It fell 1% on Friday to $ 99.27. At the beginning of last month, when the interruptions in the supply of crude oil were in full swing, it briefly reached $ 130.

Brent crude oil, the international pricing standard, rose 52 cents to $ 104.91 a barrel.

In foreign exchange transactions, the dollar remained unchanged at 122.61 Japanese yen. The euro fell to $ 1.1027 from $ 1.1042.

Copyright 2022 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or distributed without permission.

Global stocks are shuffling as calls for new sanctions against Russia increase

Source link Global stocks are shuffling as calls for new sanctions against Russia increase

Back to top button