Global stock indices fall amid possible US refusal to import Russian oil and gas
Morgan Stanley analysts expect Russia to default. This could happen as early as April 15, when the 30-day grace period on the 2023 and 2043 dollar bonds expires.
Netflix and Tik Tok have stopped operations in Russia.
The American company UpWork has announced that since May 1 it has suspended cooperation with citizens from Russia. This could be a serious blow for the IT industry in Russia because, according to preliminary data, about 100,000 freelancers from Russia use the UpWork service. Moreover, it should be noted that such payment services as PayPal, Payoneer, Visa, and MasterCard have ceased cooperation with Russia.
The conflict and sanctions imposed by the West on Moscow have sent oil prices up to a 14-year high, while European gas, nickel, and wheat have also risen to record levels amid fears of supply disruptions.
The Asian market is falling due to US intentions to ban Russian oil imports. Japan’s Nikkei 225 (JP225) decreased by 3.29% yesterday, Hong Kong’s Hang Seng (HK50) lost 3.31%, and Australia’s S&P/ASX 200 (AU200) fell by 1.31%. China has set an ambitious GDP target for 2022 of around 5.5%. The Chinese authorities have also hinted that additional stimulus measures could be taken to achieve this goal.
S&P 500 (F) (US500) 4,201.09 -127.78 (-2.95%)
Dow Jones (US30) 32,817.38 -797.42 (-2.37%)
DAX (DE40) 12,834.65 -259.89 (-1.98%)
FTSE 100 (UK100) 6,959.48 -27.66 (-0.40%)
USD Index 99.24 +0.59 (+0.60%)
News feed for: 2023.07.04
- German Industrial Production (m/m) at 09:00 (GMT+2);
- Eurozone GDP (q/q) at 12:00 (GMT+2).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
