The main European stock markets opened higher this Friday, after the sharp falls recorded the day before by Russia’s invasion of Ukraine. The markets celebrate the economic sanctions, although Russia showed strength to face them.
In the first transactions, the Frankfurt and London stock markets rose 1.3%, and the Paris market 1.1%. Then, Frankfurt and Paris moderated their rises.
Asian stocks also rebounded in the wake of Wall Street, which closed in the green on Thursday after the United States decided to impose severe sanctions against Russia. “Investors have assessed the current risk and the sanctions imposed against Russia”AvaTrade analyst Naeem Aslam told AFP.
“They think the sell-off is an opportunity to buy at good prices. So the stock is going up.”he added.
Major European stocks closed down as much as 4% on Thursday after Russian President Vladimir Putin ordered an all-out attack on neighboring Ukraine.
The barrel of crude oil is trading with increases in New York and London
West Texas Intermediate (WTI) crude, which trades on the New York futures market (Nymex), advanced 0.54% this morning and was trading at US$93.31 a barrel in contracts for delivery in April.
Similarly, Brent oil from the North Sea, which does so on the London electronic market (ICE), gained 0.96% and a barrel was agreed at US$ 100.03 also in contracts for April, according to with what was reported by the Bloomberg agency.
Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its crude oil basket closed yesterday at US$101.22 a barrel, compared to US$96.10 last Wednesday, which represented an increase of 5 .32%.
the price of metals
Aluminum prices retreated from record levels on Friday as energy supply fears eased after Russia’s energy sector was excluded from Western sanctions, while copper fell slightly.
Switzerland brings a complaint against US tariffs on steel and aluminum to the WTO
The aluminum, The most energy-intensive metal to produce, had soared on fears of rising energy costs and concerns that supply from top producer Russia would be hit after Ukraine’s invasion. Three-month aluminum on the London Metal Exchange fell 2.3% to $3,315 a tonne by 1115 GMT, moving away from an all-time high of $3,480 hit on Thursday. In weekly terms, prices are up 2.3% so far.
The nickel on the London Metal Exchange fell 2.2% to $24,175 a tonne, after hitting its highest since 2011 in the previous session.
Meanwhile, the copper it fell 0.3% to $9,832 a tonne, zinc fell 0.9% to $3,608.50 and tin fell 0.3% to $45,050.
Source: Ambito
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