Wall Street: holding up well, despite the hardening of the Ukrainian crisis

Wall Street, closed yesterday for Presidents’ Day, also known as ‘Washington’s Birthday’, is holding up well before the stock market on Tuesday despite…

(Boursier.com) — Wall Street, closed yesterday for Presidents’ Day, also known as ‘Washington’s Birthday’, held up well before the stock market on Tuesday despite particularly tense geopolitical news. The DJIA lost only 0.1%, while the S&P 500 appeared almost stable. The Nasdaq returns 0.4%. The United States and its allies are expected to announce additional sanctions against Russia, as Vladimir Putin yesterday recognized the independence of two breakaway regions in eastern Ukraine and mentioned the dispatch of peacekeepers there. the peace.

According to the Ukrainian army, two soldiers have been killed and 12 injured in shelling by pro-Russian separatists in the east of the country in the past 24 hours. Putin’s decision yesterday was condemned internationally. Joe Biden has signed an executive order banning American nationals from all economic activities in the two separatist regions of eastern Ukraine. In addition, the United States will impose sanctions against Russia because of this violation of international law and Ukraine’s sovereignty. Washington is preparing other targeted sanctions, less severe, however, than those prepared in the event of a Russian invasion of Ukraine. The United States also intends to pursue its diplomatic efforts to the end.

The spokeswoman for the Russian Foreign Ministry, Maria Zakharova, indicated that the recognition of the two regions of Donbass did not affect the will of the Kremlin to discuss with the United States (!).

A barrel of WTI crude is currently gaining more than 4% on the Nymex at $94. An ounce of gold fell 0.2% to $1,896.

The American rating seems to resist this geopolitical uncertainty. On the economic front in the US this week, the house price indices (S&P Case-Shiller and FHFA), the US composite PMI, the Conference Board confidence index and the Richmond Fed manufacturing index will be communicated today. On Thursday, operators will notably follow the preliminary figures for the American GDP for the fourth quarter, the jobless claims, the national activity index of the Chicago Fed or the sales of new homes, as well as the weekly report on American oil inventories. and the Kansas City Fed Manufacturing Index. On Friday, durable goods orders, household income and spending, the University of Michigan consumer sentiment index and promises of home sales are on the agenda.

Fed officials are intervening throughout the week as traders fear accelerated monetary tightening by the US central bank to deal with inflation. Raphael Bostic intervenes this Tuesday and Thursday. Loretta Mester speaks for her part on Thursday.

Quarterly financial publications are coming to an end, with Home Depot, Medtronic, Agilent or Palo Alto Networks this Tuesday, then Lowe’s, Booking Holdings, Molson Coors, TJX, eBay, NetApp, Ingersoll Rand and Exelon tomorrow Wednesday. . Intuit, Dell Technologies, Block, Moderna, Newmont Mining, Autodesk, Alibaba, VMware, Monster Beverage, Occidental Petroleum, Edison, Etsy, Discovery Inc and Plug Power, announce Thursday.

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Wall Street: holding up well, despite the hardening of the Ukrainian crisis