The war between Ukraine and Russia, and tension in the Middle East, invade the market. So Wall Street Fall again and the three main indices, which are in correction zone, mark another day in red: Dow Jones falls 0.6%, while S&P 500 lows 1.1%and Nasdaq sinks 1.7%.
European markets: they are still firm
The European markets They operate firm on Tuesday before German legislators vote on a historical review of public spending, while uncertainty about a call on Ukraine among the presidents of the United States and Russia, Donald Trump and Vladimir Putin.
He Stoxx 600 paneurpeo index It earned 0.5%, accumulating an 8% advance in the year, compared to the 4% drop in S&P 500, which represents a higher performance in a decade of European values compared to the US referential in the first 12 weeks of the year.
He euroon the other hand, it was still rising above $ 1.09, at its highest level since the beginning of October, supported by the strong increase of this month of the return of the German bonds.
The Lower House of the German Parliament will vote later in the day on a massive increase in indebtedness that could boost the largest economy in Europe and stimulate growth throughout the region, a key factor in the recent strength of the euro.
“History will be made today when the Bundestag approves a change in the Constitution, abandoning the fiscal position for which Germany has always been known,” said Christoph Rieger, of Commerzbank.
The perspective of a high fire and an eventual peace in Ukraine helped underpin the feeling in Europe in recent weeks. A scheduled call between Trump and Putin to discuss the steps to end the conflict could cover territorial concessions by kyiv and the control of a nuclear energy plant, which injected a degree of caution into the markets.
New gold record
Cash gold reached a maximum of US $ 3,028.24 in the first operationsand rose 0.7% au $ 3,023.30 the ounce. Prices exceeded US $ 3,000 for the first time on March 14. American gold futures rose 0.9%, AU $ S3.032.
“There is a perfect storm of factors that support gold”Said Ole Hansen, head of raw materials strategy of saxo Bank. “The last focus are the concerns about the Middle East that add to economic concerns about the direction of the United States.”
Lingows, which are considered coverage against geopolitical and economic instability, gained more than 14% so far this year and reached historical maximums 14 times this year.
Asia markets closed upwards
Asian stock markets also rose thanks to the solid retail sales data of China on the eveas well as a series of measures aimed at revitalizing internal consumption in the second largest economy in the world.
The actions of Hong Kong They reached a maximum of three years, while the Japanese Nikkei He rebounded 1.5%, aiming at his highest rise in three weeks.
Oil rise to the instability of the Middle East
Crude prices rose more than 1% on Tuesdayto its highest levels since the beginning of the month, supported by instability in the Middle East and China’s plans to apply more economic stimuli.
The futures of Brent added 84 cents, or 1.2%, au $ S71.91 the barrel, and those of the West Texas Intermediate In the United States there were also 84 cents, or 1.2%, au $ 68.42.
Source: Ambito
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