Global Market Trends (14th Mar., 2022)

Bitcoin traded around $39,000.


Analyst View

All three of the major averages retreated for the week, pushing the Dow to its fifth straight week of declines. 

Sanctions on Russia, President Biden called for an end to normal trade relations with Russia that will allow for increased tariffs on imports from the country in addition to the crushing sanctions already imposed as a consequence of Russia's invasion of Ukraine. 

Inflation remains an overhang for investors after consumer prices jumped 7.9% in February from a year earlier. It's the sharpest spike since 1982. 

Commodities, Oil prices dipped for the week but remain elevated, with U.S. crude closing at $109 per barrel and Brent crude, the global benchmark, $112. 
Gas prices ticked to a fresh record of $4.33, per AAA. 

Automakers, Rivian shares fell after the electric vehicle maker said challenges will persist this year. "Our path to EV leadership won’t be easy. In the immediate term, we are not immune to the supply chain issues that have challenged the entire industry. Those issues, which we believe will continue through at least 2022, have added a layer of complexity to our production ramp-up. We are working diligently and collaboratively with suppliers to identify and head off problems or constraints as quickly as possible," the company disclosed.

Ford and PG&E are teaming up to strengthen the power grid, which will help enable more cars to help power homes. 

Corporate actions, more companies are delivering dividends and buybacks. Colgate-Palmolive’s board authorized the repurchase of up to $5 billion shares that may be made from "time to time," the company said. It also boosted its dividend to 47 cents.

Kroger declared a 21-cent dividend.

SPOT MARKET  BY THE HOUR AS OF GMT 09:08  03-14-22