Cryptocurrencies, Bitcoin, the largest by market value, hovered around the $37,000 level Sunday evening.
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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.
SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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