Home » Frozen oil markets at $ 110: Tokyo stock market -1.6%, US futures recovering after DJ thud -600 points

Frozen oil markets at $ 110: Tokyo stock market -1.6%, US futures recovering after DJ thud -600 points

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Frozen oil markets at $ 110: Tokyo stock market -1.6%, US futures recovering after DJ thud -600 points

The Nikkei 225 index on the Tokyo stock exchange closed the session down 1.68% to 26,393.03 points. Sales also on the Shanghai stock exchange, albeit to a much lower extent (-0.15%) and in Hong Kong -1.24%. The Sydney stock exchange was positive + 0.28%, Seoul + 0.30%.

Bearish effect from Wall Street which, in the eve of the session, slipped in the wake of fears related to the conflict between Russia and Ukraine, paying, in particular, the surge in oil prices.

The Dow Jones Industrial Average lost 597.65 points to 33,294.95 points, while the S&P 500 dropped 1.55% to 4,306.26. The Nasdaq Composite fell by 1.59% to 13,532.46.

US futures are now showing signs of recovery, after Dow Jones futures capitulated down to -1.6%. Futures on the industrials index, the S&P and the Nasdaq are advancing between approximately 0.25% and 0.30%.

Great anticipation for the words that Fed President Jerome Powell will utter in his hearing in the US Congress: this will be the first time that Powell will publicly comment on the conflict between Russia and Ukraine and its repercussions on the monetary policy of the US central bank .

Panic over the shortage of oil and gas supplies is rising on the markets: after the sanctions, the fear that Vladimir Putin may decide to turn off the taps of the energy that Russia produces has actually increased.

Brent prices also crossed the $ 110 per barrel mark; rallies also for the WTI contract traded in New York, which jumped up to more than + 5% to $ 109.23 a barrel, a record since September 2013.

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In yesterday’s session, WTI was up 8.03%, ending the session at $ 103.41 a barrel. Brent has soared up 5.6% to $ 110.84 in the past few hours, its highest since July 2014, after closing the eve session with a 7.15% jump to $ 104.97.

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