Wall Street anticipates losses of 1% pending the Russian advance on Ukraine

Wall Street anticipates losses of 1% pending the Russian advance on Ukraine

Russian troops have already entered Kiev to take control of Parliament
Russian troops have already entered Kiev to take control of Parliament

Wall Street anticipates losses of 1% pending the Russian advance on Ukraine and after the surprising rebound that the New York indices registered this Thursday, which had a notable technical component.

Russian troops have already entered Kiev to take control of Parliament and everything indicates that Putin is seeking a change of government.

For the moment, the economic sanctions announced by the US and the European Union have been very lukewarm , despite the fact that they have been described as ‘massive’ by European leaders.

In this sense, Russian banks have not been excluded from the SWIFT system, which would be a much more important economic sanction.

Thus, short-term volatility and uncertainty are very high , so anything can happen in the markets in the next few hours.

Based on yesterday’s rebound on Wall Street, the S&P 500 lost the support of 4,200 – 4,250 points during the day (it marked a minimum of 4,114 points), but finally closed at 4,288 integers .

This price level is closely watched by the ‘strong hands’, but has not been lost, so the spades are ‘still high’. If it finally falls, experts anticipate declines to levels of 4,000 points in the short term.

In other markets, the West Texas barrel advanced 0.8%, ($93.57); and the Brent barrel rises 1.3%, ($100.30), after exceeding $105 this Thursday. In addition, the ounce of gold falls 0.6%, ($1,914). For its part, the return on the 10-year US bond relaxes to 1.943%. Lastly, bitcoin is down 0.6% ($38,213).

Samuel Edwards
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