Thursday, November 07, 2024

Business

Wall Street shook the Fed, Ukraine was worrying because crude oil fell

Wall Street shook the Fed, Ukraine was worrying because crude oil fell

A passionate day on Wall Street saw the shares ended higher after posting huge losses that day, because of uncertainty about increasing geopolitical tensions and Fed policies weighed on safe and increased oil.

The third major stock index A.S. Closed on a day in a positive area, after the Dow Jones Industrial Average has posted a decline of more than 1,000 points at the beginning of the day.

The Dow ended 0.29%, while the S & P 500 rose 0.28% and the Nasdaq composite added 0.63%.

MSCI World Equity Index, which tracks shares in 45 countries, fell 0.78%.

The final advantage marked a surprising turnaround for stock A.S., which was battered last week, posted the heaviest losses since 2020. The decline has the potential to attract cheap hunters to help encourage them on higher Monday.

“Bearishness in equity recently is excessive, and beyond the line with the momentum of activity, reducing congestion, and what we expect to be a strong income season,” JPMorgan analyst wrote in a midday record.

The Gault market came when NATO said on Monday putting troops on standby and strengthening Eastern Europe with more ships and fighter jets in response to the buildup of Russian military at the Ukrainian border on the Ukrainian border on the Ukrainian border on the Ukrainian border.

The US State Department on Sunday ordered a family member of the diplomat to leave Ukraine, while President Joe Biden weighed the choice to increase US military assets in the region.

Attention also turned to the Federal Reserve A.S., which began a two-day policy meeting on Tuesday. Investors oversee the central bank as close as possible, when Fed officials look for unprecedented stimulus and start the way towards a rise in interest rates in the future.

“Investors accept the hard reality that the end of monetary policy is very easy is to us. This week the Federal Reserve met and while we expect no change at this meeting, the market is the price in a full quarter point increase in March,” said Megan Horneman , Director of Portfolio Strategy at Verdence Capital Advisors.

The risk attitude was proven in the oil market, because prices were dipped by 3% after closing Friday with the fifth acquisition of the increase.

Brent crude fell $ 1.62, or 1.8%, to $ 86.27 a barrel, while Texas Intermediate West Crude (WTI) settled down $ 1.83, or 2.2%, to $ 83.31 . [OR]

Other risk assets also feel pressure. Bitcoin reached a six-month low Wednesday, but rose slightly Monday to $ 36,921, still far below November over $ 69,000.

Fed tightens looms

Concerns that the Fed can tighten too fast at the meeting this week adds to the nerve investors.

The US central bank is expected to confirm that it will soon begin to drain the large inundation of liquidity that has a supercharged growth stock in recent years.

Treasury results are in most maturity Monday. Benchmark u.s. The 10-year results were flat on the day at 1.7511%, after previously crashing the lowest of 11 days 1.7070%.

Fear of The Fed and Ukraine Increases Safe Haven Investment. The dollar reached a two-week high against a basket of a currency, lasts 0.26%. The price of spot gold also jumped 0.55% to $ 1,843.26 per ounce ..

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