The United States and Europe are planning a new sanction against Moscow for killings civilian in Ukraine, and President Volodymyr Zelenskyy warning of mass casualties in Russia. MSCI’s broad index of Asia-Pacific shares outside Japan traded 0.16 to 601.3 percent, the strongest since Feb 24. The benchmark has lost 4 percent so far this year, driven by the sharp decline in Chinese stocks.
U.S. stocks traded higher on Monday, driven by technical stocks. , director of economics and markets at NAB, said the note”Prime broking data in the US continues to indicate the recent recovery in equities is being driven by retail money, which is likely squeezing those who were under positioned or positioned short,” Tapas Strickland said in a note.
Euro
Global stocks have had a quarterly volatility such as the Russian-Ukraine crisis and concerns about high commodity concerns concern for inflation and blurring the direction of interest rates. Japan’s Nikkei traded flat, the S&P / ASX 200 index was up 0.5 percent while South Korean shares lost 0.2 percent. The future of the S&P 500 stock fell 0.08 percent and the Nasdaq futures fell 0.06 percent after the Wall Street rise on Monday.
Markets in China and Hong Kong closed for a public holiday on Tuesday. Shanghai entered a two-phase closure last week as authorities worked to contain the city’s largest COVID-19 explosion. later on Tuesday. The Aussie was stable at $ 0.7543, sitting near Monday’s high of US $ 0.75565, a level never seen since 6 Jul.
The European currency has fluctuated slightly to $ 1.0973 after falling to US $ 1,0960 for the first time since March 28. Global markets are set to release minutes on Wednesday at the last Federal Reserve policy meeting that could signal the US Central Bank may raise interest rates overnight. The Dow Jones Industrial Average rose 0.3 percent on Monday, the S&P 500 gained 0.81 percent and the Nasdaq Composite gained 1.9 percent. Twitter shares have risen 27 percent on the news that Tesla CEO Elon Musk has built a 9.2 percent stake on a small blogging site.
The future of oil prices rose in pre-trade as the strength of additional sanctions added to concerns over supply disruptions, while Iran’s nuclear talks stalled. The future of Brent crude gained 1.6 percent to US $ 109.25 a barrel, while the future of US West Texas Intermediate also rose 1.6 percent. Gold prices fell, gold fell 0.1% to $ 1,929.6 per ounce.
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