May 26, 2022

NyseNewsAnalyst

News Headlines: Hindustan Times provides exclusive top stories of the day, today headlines from politics, business, technology, photos, videos, …

A turbulent month for markets with the war between Russia and Ukraine

A turbulent month for markets with the war between Russia and Ukraine

LONDON – European stocks were mixed on the last trading day of March, a month marked by global geopolitical and economic uncertainty after the Russian invasion of Ukraine.

pan europe Stokes 600 It hovered around the flat streak in early trading, but was on track for a monthly gain for March. Media stocks rose 0.5% while retail stocks fell 1.9%.

Geopolitical uncertainty and concerns about rising inflation dominated market sentiment in March. Both European and US markets traded lower on Wednesday after disappointment after talks between Russia and Ukraine, which are aimed at finding a solution to the conflict, again appeared to have made little progress.

Russia said on Tuesday it would reduce its military presence in some parts of Ukraine, but many countries – including the US and UK – remain skeptical about Moscow’s pledge, and Russian attacks on Ukraine continued on Wednesday.

Oil prices also cast a shadow on sentiment. US crude prices rose more than 3% on Wednesday Germany warns of possible natural gas rationing due to disputes with RussiaAnd the US crude stocks fell.

Oil prices fell sharply during Asian trading hours overnight, before paring losses slightly as markets opened in Europe. international standard Brent crude futures contracts The last drop was 3.5% to $109.50 a barrel. US crude futures contracts It fell about 4.5% to $102.92 a barrel.

our president Joe Biden A source told NBC News that the administration is studying a plan to release 1 million barrels of oil per day from the Strategic Petroleum Reserve for about six months. Global oil prices have risen amid volatile trade since Russia invaded Ukraine more than a month ago.

See also  Heatwave in Texas: Heat causes 6 power plants to stop working

Stock Picks and Investment Trends from CNBC Pro:

globally, US stock futures It was slightly higher in early trading before the last trading day of the month and quarter. Investors in the US are waiting for weekly jobless claims and personal income and spending data to be released Thursday morning. at Asia Pacific Market Stocks were mixed overnight.

NATO is due to release the military alliance’s annual report on Thursday, and OPEC allies and non-OPEC countries, including Russia, will hold a ministerial meeting.

Enjoyed this article?
Exclusive stock picks, investment ideas and CNBC’s global live broadcast
sign for CNBC PRO
start your Free trial now

CNBC’s Eustance Huang contributed to this market report.