Global Market Trends (28th Feb., 2022)

February 28, 2022

MAJOR INDEXES

Market report as of 25th, February 2022

NAME	LAST	CHG	%CHG
S&P 500	4,384.6500	95.950	2.240
NASDAQ	13,694.620	221.04	1.640
DJIA	34,058.750	834.92	2.510
*FTSE	7,489.4600*	282.08	3.910
*NIKKEI	26,526.820*	50.320	0.190
*HSI	22,705.800*	-61.38	-0.27
*SHANGHAI	3,462.3100*	10.90	0.320
VIX	27.5900000	UNCH	UNCH
*DAX	14,567.230*	UNCH	UNCH

S&P 500 MARKET MOVERS

TOP

ETSY	ETSY Inc	16.214%
DISH	DISH Network Corp	11.337%
MOS	Mosaic Co	9.2170%
NUE	Nucor Corp	7.5680%
SBNY	Signature Bank	7.4580%

BOTTOM

MRNA	Moderna Inc	3.136%
EOG	EOG Resources Inc	2.561%
INTU	Intuit Inc	2.002%
EBAY	eBay Inc	1.515%
HPE	Hewlett Packard Enterprise Co	1.415%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	1.913	-0.071
US 30-YR	2.238	-0.058
US 5-YR	1.803	-0.082
US 2-YR	1.504	-0.082
US 3-MO	0.363	+0.015
BUND 10-YR	0.165	-0.058
JPN 10-YR	0.176	-0.041
UK 10-YR	1.441	-0.051

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	95.6400	+4.050	+4.422
*NAT GAS	4.60800	+0.138	+3.090
*GOLD	1,900.3	+12.70	+0.673
*SILVER	24.2750	+0.258	+1.070
*WHEAT	898.500	+38.75	+4.510
*COPPER	4.50500	+0.033	+0.730

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.8650	+0.00	+0.03
USD INDEX	97.160	+0.55	+0.56
USD/JPY	115.53	-0.030	-0.026
GBP/USD	1.3370	-0.004	-0.306
EUR/USD	1.1180	-0.009	-0.799
USD/CAD	1.2770	+0.007	+0.54
AUD/USD	0.7200	-0.003	-0.429

Cryptocurrencies, Bitcoin, the largest by market value, hovered around the $37,000 level Sunday evening.

Analyst View
U.S Equity, the U.S. equities closed the week trading on Friday with a monster rally, Dow Jones Industrial Average rising over 834 points or 2.5% putting the benchmark on the pace of the best day since late 2020. The S&P 500 rose 2.2% in a broad rally led by materials and financials. While the Nasdaq Composite added 1.6% helped by large-cap tech leaders Apple, Amazon, and Microsoft.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	34058.75	+834.92	+2.51%
SP500	S&P 500	4384.65	+95.95	+2.24%
I:COMP	NASDAQ COMPOSITE INDEX	13694.7	+221.04	+1.64%

However on Sunday, investors continue to monitor the developments between Russia and Ukraine and after U.S. and foreign allies agreed to remove select Russian banks from SWIFT, the global financial system, curbing access to banks in over 200 countries. Hence, Dow futures fell over 500 points, down 1.6% in a volatile session, while the S&P 500 fell by 2.6% and Nasdaq Futures traded lower by over 2.7%, respectively, as of 1:30 a.m. ET.

Corporate actions, In stocks to watch, British Petroleum, on Sunday, confirmed it will exit its stake in Russian energy company Rosneft – the latest private severance of relations with Russia as the global superpower invades neighboring Ukraine. BP, which has held a 19.75% stake in Rosneft since 2013, also said its chief executive, Bernard Looney, will resign from the Russian firm's board, effective immediately. Bob Dudley, a former BP executive, will also resign from Rosneft's board.

Ticker	Security	Last	Change	Change %
BP	BP PLC	30.73	+1.56	+5.35%

Commodities, Oil prices rebounded Sunday, and at 1:30 a.m. ET, most actively traded futures for Brent crude, the global oil benchmark Brent crude gained $4.31 to $98.33 per barrel, up 5.6% and approaching the $100 per barrel level it breached last week.

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	65.80	-0.54	-0.81%
BNO	UNITED STS BRENT OIL FD LP UNIT	26.28	-0.23	-0.87%

Gold also jumped to above the $1,900 level. As of 1:30 a.m. ET, most actively traded gold futures rose 1.29% to almost $1,912 a troy ounce. The Central bank of Russia, in a statement, said it will resume buying gold on the domestic market starting on Monday, Feb 28th. Russia’s international reserves have reached a new all-time high at $643 billion.

Ticker	Security	Last	Change	Change %
GLD	SPDR GOLD SHARES TRUST - EUR ACC	176.55	-0.59	-0.33%

SPOT MARKET BY THE HOUR AS OF GMT 09:00 02-28-22

European Market, the European market sustained profitability across the board by the hour as investors processes development around Russia and Ukraine crisis. London's FTSE increased by 1.39% to 7,385.1, Germany's DAX climbed by 0.29% to 14,039.7 and France's CAC also jumped by 2.86% to 6,558.98.

Asia Market, Asian stocks The investor's sentiments are mixed on the Asian bourse as investors continue to monitor the Russian-Ukraine crisis. Tokyo's Nikkei 225 index climbed by 0.19% to 26,526.82, the Hang Seng in Hong Kong retreated by 0.21% to 22,713.02 while China's Shanghai also climb by 0.32% to 3,462.31.

Cryptocurrencies, at an intraday range of $37,468.99 by the hour and a maximum of $38,688.88 in 24 hours.