Global stock markets are hoping for a near diplomatic solution to the conflict between Russia and Ukraine, following the words uttered by Ukrainian President Volodymyr Zelensky, who said that his country is ready to discuss the possibility of declaring itself a neutral state and eventually reach a peace agreement with Vladimir Putin. Zelensky pointed out that any deal should still be guaranteed by third parties and approved by his people in a referendum. Negotiations between the parties continue, with the Ukrainian and Russian delegations meeting on March 28-30 in Turkey.
US futures are weak, in the grip of geopolitics and at attention due to the increasingly hawkish attitude of the Fed. That said, it must be said that the US stock market has largely recovered since last February 24, the day in which the Vladimir Putin’s Russia invaded Ukraine, starting the conflict. The Dow Jones and the S&P 500 are back from their second consecutive week of gains, and the S&P 500 has more than made up for its losses. The Nasdaq is also growing on a weekly basis. For the past two weeks
The Nasdaq 100 gained nearly 11%. At 13.10 Italian time, the futures on the Dow Jones and the S&P 500 fluctuate around par, while the futures on the Nasdaq are down 0.13%.
Companies reporting quarterly reports for the first three months of 2022 this week will include BioNTech, Micron and Walgreens Boots Alliance. A major market mover from the macroeconomic front will be the publication, next Friday, of the US employment report for March.
Meanwhile, among the stocks protagonists of the session, Tesla stands out, ready to launch a new stock split – share split – to pay dividends to its shareholders. This was reported by the CNBC website, referring to what emerged from the documents that the electric car giant led by Elon Musk filed with the Sec.
The US Securities Authority announced in particular that Tesla will ask the annual meeting of shareholders “to increase the authorized number of common shares … in order to make possible a split of the company’s common stock in the form of a stock dividend” .
The stock jumped 4.8% in the premarket to $ 1,059. US Treasury rates are down to 2.471% after breaking the 2.5% mark last week.