London, Monday, 28 February 2022 -
US Markets summary
On Monday, Wall Street's main indexes recovered some of their early losses to finish neutral, as investors continued to scrutinize Russia's invasion of Ukraine.
The G7 nations decided over the weekend to prohibit Russian banks from SWIFT, while Biden's administration said on Monday that the Bank of Russia, the Russian National Wealth Fund, and the Ministry of Finance would be barred from conducting business with US citizens and companies.
Despite the escalation, Ukrainian and Russian officials met for the first time near the Belarusian border.
To add to the doom and gloom, the Federal Reserve warned this week that inflation could endure longer than projected unless a labour shortage eases.
The Dow Jones Industrial Average fell 169 points, or 0.5 percent, to roughly 33,892. The S&P 500 ended the day down 0.3 percent, while the Nasdaq gained 0.4 percent late in the session.
European Markets summary
European stocks finished February on a shaky note. As investors absorbed the fresh sanctions on Russia and their implications for European companies and banks, the benchmark DAX 30 fell to approximately 14,420, marking the second consecutive monthly decline.
Russia's capital account has been closed after Western nations and Japan agreed to ban Russian financial institutions from the global payments system SWIFT.
European bank stocks tumbled the most on Monday, with Deutsche Bank down 8%, the worst on the DAX 30 index.
U.S. Stock Market Indexes
S&P 500: −10.71 (0.24%) at 4,373.94 as on Feb 28, 4:20 PM EST
Nasdaq: +56.78 (0.41%) at 13,751.40 as on Feb 28, 4:40 PM EST
Dow Jones: −166.15 (0.49%) at 33,892.60 as on Feb 28, 4:20 PM EST
European Stock Market Indexes
STOXX Europe 600: -0.42 or 0.09%, at 453.11
FTSE 100 in London: -31.21 or 0.42%, at 7,458.25
DAX 30 in Germany: -0.73%, or 106.21 at 14,461.02
CAC 40 in France: -1.39%, or 93.6 at 6,658.83
FTSE MIB 30 in Italy: -357.14 or 1.39%, at 25,415.89
IBEX 35 in Spain: -7.4 points, or 0.09%, at 8,479.2
Other markets
Ten-year U.S. Treasury note: -0.146 or 1.822% as on Feb 28, 2022 4:49 p.m. EST
Dollar index: +0.10 or + 0.10% at 96.72 as on Feb 28, 2022 4:40 p.m. EST
VIX volatility index: +2.56 (9.28%) 30.15 as on Feb 28, 3:15 PM CST
Oil prices
Brent crude: +4.20 or + 4.59% at $ 95.77per barrel as on Feb 28, 2022 at 4:44 p.m. EST
West Texas Intermediate: +4.15 or + 4.53% at $ 95.75per barrel as on Feb 28, 2022 at 4:45 p.m. EST
Precious metals
Gold: +18.55 or +0.98% at $ 1,907.76 an ounce as on Feb. 28 at 16:55 NY Time
Silver: +0.18 or +0.74% at $ 24.44 an ounce as on Feb. 28 at 16:55 NY Time
Cryptocurrencies
Bitcoin: +3,891.90 (10.32%) at $ 41,608.90 as on Feb 28, 9:54 PM UTC
Ethereum: +203.50 (7.77%) at $ 2,821.51 as on Feb 28, 9:54 PM UTC
(Written and edited by: The Decision Maker)
