The IBEX 35 goes back to 8,300 points and oil scale to high 2014 before the uncertainty of the war in Ukraine

The invasion of Ukraine by Russia continues to mark the passage to the markets before the concern about the next steps of Moscow and the response by Western cou

The IBEX 35 goes back to 8,300 points and oil scale to high 2014 before the uncertainty of the war in Ukraine

The invasion of Ukraine by Russia continues to mark the passage to the markets before the concern about the next steps of Moscow and the response by Western countries. The bags have bounced in the middle of the week, thus holding the losses of previous sessions, however, it is the oil that has reflected the uncertainty before a world supply crisis.

Brent's barrel, benchmark in Europe, was shot in the early hours of the morning until over 113 dollars, a level that did not mark since June 2014, after the International Energy Agency (AIE) warn of risk For global energy security representing the invasion.

Its price has been moderated throughout the day and coinciding with the closure of European bags marked 107,66 euros, 4.11% more than 104,97 green tickets that marked the barrel at the close of Tuesday. The Texas, reference oil barrel, has climbed up to 110.83 dollars against 103.41 on the eve.

The Governing Council of the International Energy Agency (AIE), composed of its 31 member countries, agreed on Tuesday to release 60 million barrels of oil from emergency reserves to face the rise in crude prices.

"The situation in energy markets is very serious and demands our full attention. Global energy security is under threat, putting the world economy at risk during a fragile stage of recovery," the Executive Director of the AIE, Fatih Birole .

Currently, AIE members accumulate 1,500 million barrels of raw in emergency reserves. This initial release is equivalent to 4% of them, or at a release of two million barrels per day during the next month.

Meanwhile, the variable income has continued to compensate the falls of the last sessions. The IBEX 35 has finished the session with a rebound of 1.62% after the fall of 3.43% recorded on the eve and has recovered the level of 8,300 points (8,321). Its advance today has been the greatest of comparable Europeans, although also the Paris CAC (+ 1.59%), the Dax of Frankfurt (+ 0.69%) and the Milan FTSE MIB (+0.70 %) have closed positively.

In the Spanish selective, most Spanish values recorded profits. Meliá Hotels has led the earnings with a rise of 5.46%, followed by Amadeus (5.09%), ACS (4.14%) and Colonial Real Estate (3.91%). On the side of the losses have highlighted network (-2.36%), Siemens Gamesa (-2.2%) and Indra (-1.79%).

Meanwhile, in Moscow, the Russian Stock Exchange has continued closed by third consecutive day before fear of a collapse of the main values for the consequences of the sanctions imposed by the West. "The Bank of Russia decided not to resume negotiation on March 2, 2022 in the Moscow Stock Exchange in the stock market section" with some exceptions, the Moscow regulator said in a statement.

The Moscow Stock Exchange remains closed since last February 28, when Russia woke up already knowing that the European Union, USA, Canada and other partners would exclude some Russian SWIFT interbank communication system, an unprecedented blow to isolate the country of the global financial system.

The ruble then collapsed in the Forex market almost 30% against the dollar and the euro, a fall not seen from at least 1993 and 1994, respectively.

Date Of Update: 02 March 2022, 13:51

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS