There is no doubt that the news arrived on the night of the Biden-Putin summit on Ukraine calms the markets. And in fact, the first evident result is that the face-to-face announced by Macron of the two world leaders blocks the oil race which, up to that moment, had risen by more than 2% to almost 93 dollars. Texas WTI is now trading at $ 91.1 a barrel, the same level as Friday, while Brent is down 0.2% to $ 93.3.
Gold also slows down and positive expectations for the stock exchanges
The news of the summit, then, also extinguishes the gold rush, a traditional safe haven for investors when the markets become particularly sensitive, which had reached the highest levels since June 2021. The metal with immediate delivery falls by 0.4% to 1891 dollars . Waiting for the opening of the stock exchanges after the news of the summit between the presidents of the two great world powers. The European stock exchanges, meanwhile, are heading towards an upward opening with the news of a summit between Biden and Putin to discuss security and strategic stability. In the Old Continent, the futures of the main lists are moving in positive territory, after the declines of recent days. Wall Street closed for Presidents’ Day. Meanwhile, investors are wondering about the next moves by central banks, in particular the Fed to contain the inflation rush.