Cedears plummet up to 9% due to the decline in the CCL dollar and Wall Street

Cedears plummet up to 9% due to the decline in the CCL dollar and Wall Street

The main decreases are Gazprom (-9.3%), Mercado Libre (-6.1%), and Barrick Gold (-4.4%). For their part, the rises of Vale (+4.2%), Nvidia (+1.9%), and Microsoft (+1.4%) stood out. As for the Cedears ETF, they led the losses SPY (-3.2%), and the QQQ (-1.8%).

For its part, Global stocks took a hit after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine and ordered troops to those regionsgenerating new Western sanctions.

On Wall Street, the Dow Jones lost 1.7%, while the S&P 500 fell 1.5%, and the Nasdaq fell 1.8%.

While, the energy sector rose 0.2% after oil climbed to a nearly seven-year high, as a possible conflict with Russia could restrict supplies. In addition, the shares of most of the big banks advanced, with Morgan Stanley gaining about 1%.

The CBOE Volatility Index, also known as the Wall Street Fear Gauge, rose to 29.40, well above its long-term average of 20.

Source: Ambito

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