02/06/2022 12:58
Today the US stock markets are trying to recover, after the negative closing of the eve: at about 1 pm Italian time, the futures on the Dow Jones rise by 0.35%, those on the S&P 500 advance by 0.45%, those on the Nasdaq grow by 0 , 64%.
It is the shares of companies that would benefit most from the fall in energy prices, especially fuel, and therefore the shares of airlines and groups active in tourism, to rise in the premarket.
Buy sui titoli American Airlines, Carnival Corp e MGM Resorts.
Oil prices drop sharply after rumors reported by the Financial Times that Saudi Arabia would be ready to increase its oil supply should Russia’s oil production drop significantly in the wake of sanctions imposed against Moscow because of the invasion of Ukraine.
The prices have come to yield 3%. Brent and WTI prices are now down 2.5% to around $ 113.30 and $ 112.30 per barrel respectively.
Wall Street closed yesterday, with the
Dow Jones fell 176.89 points, or 0.5%; the S&P 500 down by almost -0.8% and the Nasdaq Composite down by 0.7%. Market sentiment worsened especially after the alert launched by JPMorgan’s chief executive, CEO Jamie Dimon.
“Prepare for an economic hurricane that will be caused by the war between Russia and Ukraine and the Fed” by Jerome Powell.
There was no lack of the oil alert, whose prices could, according to the banker, fly up to $ 150 or $ 175 a barrel.
Speaking in front of an audience of journalists and analysts, Dimon launched the following message:
“You better get ready. JP Morgan is doing this, and will be very conservative with his balance sheet.”
According to the CEO, the factors that will trigger the economic hurricane will be mainly two: the so-called quantitative tightening, or QT, which started yesterday, with which Jerome Powell’s Fed is preparing to get rid of those bonds that have flooded his balance sheet; and the war in Ukraine, with its impact on raw materials, including food and energy.
“The market remains nervous, with a negative attitude that characterizes the beginning of June – commented Rob Haworth, senior investment strategist at US Bank Wealth Management, according to reports from CNBC – Inflation remains the main concern, as put highlighted by the higher oil prices and consumer concerns that emerged from the Fed’s Beige Book. “