The good performance of the energy sector occurred on a day in which oil prices soared around 10% and consolidated above US$100.
On Monday the ADRs had closed with setbacks of up to 6.6%. In this scenario, the country risk increased 0.8% to 1,810 basic points.
At the same time, at a global level a new jump in soybeans was also highlighted, which scored a record in almost a decade. Meanwhile, the main Wall Street indices sank between 1.6% and 1.8%, while European stock markets plunged as much as 2.7%.
It is worth noting that the local square was without activities due to the second carnival holiday. Operations will resume this Wednesday.
In the context of tension in Eastern Europe, many companies are seeking to isolate Russia from the international community, freezing transactions and withdrawing investments.
British hydrocarbons giant Shell announced Monday it was ditching its stakes in several joint ventures with Russia’s Gazprom group due to the invasion of Ukraine, following the example of BP breaking away from Russia’s Rosneft.
Over the weekend, the leaders of the European Commission, France, Germany, Italy, the United Kingdom, Canada and the United States reaffirmed their strong condemnation of the military operation that Russia has been carrying out since February 24 on the territory of Ukraine and advanced in additional sanctions, which follow the individual and sectoral restrictions imposed in recent days.
Source: Ambito
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