Wall Street moves into negative territory in the first few minutes of trading with Ukraine-Russia news and inflation shocks. At the start, the Dow Jones index fell by 1.12%, as did the S & P500, while the Nasdaq dropped 1.50%.
Little progress has so far emerged from the negotiations between the Russian and Ukrainian foreign ministers, underway today in Turkey.
In a situation already characterized by the acceleration of inflationary pressures, a new US inflation shock was recorded in February. The US Consumer Price Index last month marked a new increase to 7.9% year on year from the previous 7.5%. The rise, in line with market expectations, is the fifth in a row. The figure will be evaluated by the Federal Reserve at its meeting next week, while today was ECB Day.