New York (Reuters) -Crude Oil Futures on Tuesday reached the highest level since 2014 concerning the issue of supply and shares sold in a volatile session when investors observed international responses after Russia sent troops into the parts of Ukraine.
The market was restless a day after moving Russia but the dollar was safe-haven a.s. A little lower against major currencies while gold, other safety bets, also red.
President U.S. Joe Biden announced the first sanction against Russia because what he called Moscow began the invasion of Ukraine, and he promised a steeper punishment in front if Russia continued aggression.
While the S & P 500 confirmed it was in a correction by closing more than 10% below a high record, it was still completed above the low session, achieved before Biden spoke. [.N]
“When Biden came out and set sanctions, they could not be as severe as those feared,” said Robert Pavlik, senior portfolio manager in Dakota Wealth in Fairfield, Connecticut.
And while investors are restless, Pavlik says that “people try to sit up with what they have if they have adjusted their portfolio in front of all this. For those who haven’t, it’s a little late in the game.”
The European Union also approved new sanctions against Russia on Tuesday while German Chancellor Olaf Scholz stopped new Nord gas pipes from Russia and England to take action against Russian banks.
“The world still hopes this is rather limited and does not really spread throughout Europe and Ukraine,” said Peter Tuz, President Chase Investment advice on Charlottesville, Virginia, noted that assets at risk of selling. “Nothing hurts to buy.”
Brent crude futures reached 1.5% at $ 96.84 a barrel after an increase of $ 99 for the highest level since September 2014, reflecting fears that Russian energy exports could be disturbed by conflict. Texas Intermediate West Crude (WTI) settled 1.4% at $ 92.35 a barrel after previously hitting $ 96, the highest level since August 2014. [O / R]
The Dow Jones Industrial Average closed down 482.57 points, or 1.42%, at 33,596.61, while the S & P 500 lost 44.11 points, or 1.01%, fell to 4,304.76 and the Nasdaq composite fell 166, 55, up to 13,381.52. [.N]
The MSCI World Equity Index, which tracks shares in 50 countries, fell 0.9% after the previous maturity of 1.5%, with an index at the level was not seen since January 28.
Spot Gold fell 0.4% at $ 1,898.77 after previously climbing to the highest level since June.
Yields on a.s. Treasurnies rose higher after Biden announced new sanctions in Russia in retaliation for sending Moscow forces into what was recognized as two Ukrainian recovery areas, but the bond market reaction was muted overall.
The 10-year benchmark last record fell 2/32 prices to produce 1.9372%, up from 1.93% in the previous session. The results move towards the opposite direction with bond prices.
The dollar index fell 0.047%, with a euro up 0.14% to $ 1.1326. The Japanese yen weakened 0.29% versus the greenback at 115.06 per dollar, while Sterling was the last trading at $ 1.3581, down 0.13% on that day.
Russian ruble fell to 80.9275 against the US dollar in previous trading, touching the lowest level against the greenback since November 2020, before opening the way. The last dollar fell 1.7% against the ruble.
Russian dollar bonds extend their losses a little after sanction A.S. It was announced, with longer problems slipping to record the lowest trading in the mid 90’s, data showed. Premium demanded by investors to hold Russian debt for safe destruction.
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