MILANO – Futures thwarted on European stock exchanges with the conflict in Ukraine always setting the pace for investors. Futures on Wall Street are also uncertain, after the mixed close on the eve.
Yesterday, the major sanctions imposed by the West unfolded their potential on the ruble, calling Putin to attempt a response after the emergency actions of the Russian central bank: all transfers of foreign currency by Russian citizens have been banned. Another attempt to control capital (limited to new relationships and not in the service of old debts, the central institution specified) that starts today to try to hold together that financial fortress built in the years after Crimea precisely to prepare for a similar situation, which however was seriously damaged by the freezing of foreign currency by the G7.
The ruble struggles to recover on the currency markets after yesterday, in the wake of the sanctions decided by the Western powers, it sank above 100. The Moscow currency, which before the military escalation was moving in the 75 area on the dollar, exchanges with the ticket green at 104.48. On the other hand, the stock exchange will remain closed today at the behest of the central bank. The question is whether Russian bonds and shares could be excluded from global indices, given their factual illiquidity. MSCI is listening to market participants – Bloomberg recalls – to understand the correct treatment of Russian stocks, after similar arguments emerged from Goldman Sachs on the risk of seeing assets excluded from the indices.
Sanctions on Russia, this is what changes for the financial system of Moscow
The Stock Exchange of Tokyo closed trading with a plus sign, driven by the gains in the technology sector after the acceleration of the Nasdaq price list: the Nikkei recorded a rise of 1.20%, to 26,844.72, and an increase of 317 points.
Among raw materials, although without new shocks, the upward trend in prices continues Petroleum. The reference WTI crude oil rose by 0.98% to 96.67 dollars a barrel while Brent crude returned above 99 dollars to 99.11 dollars a barrel (+ 1.17%). Tomorrow a crucial appointment with the Opec + meeting: the cartel of producers, which includes Russia, must decide the line to be taken on increasing production, but no changes are expected from the indicated route. Meanwhile, the US continues to cherish the need to draw on reserves.
The prices of theoro with investors awaiting the developments of the crisis in Ukraine. The immediate delivery bullion drops 0.12% on Asian markets and changes hands at $ 1,906.7 per ounce.