Stocks are volatile, the United States hits the Russian central bank, oil and gold are exploding

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Shell says goodbye to Russia

symbol Price Change %Change
SHEL $52.06 -2.17 -4.01%

Shell’s CEO, in a moving statement, explains the bold decision the oil giant is making.

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NYSE and Nasdaq beef up against Russia

symbol Price Change %Change
ICE CREAM $127.79 -0.65 -0.51%
NDAQ $170.24 -2.48 -1.44%

US stock markets have taken an unusual step amid Russia’s aggression in Ukraine.

Stocks fall to session lows in volatile trading

Markets hit by Russian sanctions, worsening crisis in Ukraine

Billionaire Carl Icahn looks at Russia…

Icahn warns that geopolitical events between Russia and Ukraine could complicate the US inflation problem…

The cost of insuring Russian debt hits an all-time high

The risk of a Russian debt default is at an all-time high following major Western sanctions.

The cost of insuring Russia’s 5-year government debt jumped today to hit a high of 1,321 basis points today. That means it now costs $1.32 million a year for five years to insure $10 million of Russian debt. That’s a big jump from around $120,000 at the start of the year.

Hedge fund billionaire Bill Ackman speaks out on foreign policy…

Bill Ackman of Pershing Square has advice for President Biden amid Russia’s invasion of Ukraine.

Developing story

Stocks fell in another volatile session…

The Nasdaq gave up modest gains as U.S. stocks fell one step in afternoon trading

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Moscow closes stock market in unprecedented move

symbol Price Change %Change
YNDX $18.94 -1.38 -6.79%
ERUS $19.44 -5.54 -22.18%

Moscow has extended the closure of its stock exchange beyond one day. Stocks and ETFs linked to Russia fell.

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The Nasdaq Composite turns positive…

symbol Price Change %Change
I: COMP $13,760.25 +65.63 +0.48%

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TD Bank buys regional bank First Horizon in $13.4 billion all-cash deal

symbol Price Change %Change
FHN $23.68 +5.45 +29.85%
TD $81.36 -1.06 -1.29%

In its biggest deal ever, TD Bank buys First Horizon…

“First Horizon is a great bank and a great strategic fit for TD. It provides TD with immediate presence and scale in very attractive adjacent markets in the United States, with significant opportunity for future growth in the Southeast,” said Bharat Masrani, President and Group Head. CEO, TD. “Working with the First Horizon team, TD will build on the success of its strong franchise and deliver the legendary customer experiences that differentiate us across all markets in our footprint,” Masrani said in the announcement. ‘OK.

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Russian ETFs are pounded, new reports indicate that the Moscow exchange will close until March 5

US defense actions thwart Wall Street selloff…

symbol Price Change %Change
RTX $101.07 +2.92 +2.98%
LMT $428.74 +22.05 +5.42%
NOC $433.82 +24.09 +5.88%

Defense stocks jumped in part due to Germany’s announcement to increase defense spending.

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Stocks fall as Russia-Ukraine conflict continues to drive market direction

symbol Price Change %Change
Me: DJI $33,649.97 -408.78 -1.20%
SP500 $4,344.61 -40.04 -0.91%
I: COMP $13,622.32 -72.31 -0.53%

Stocks fall across the board early in the session…

Inflation and monetary policy missteps create more risks for the US economy

Economists are increasingly concerned about rising inflation and the Federal Reserve possibly missing the mark…

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The United States reduces the boom of the Central Bank of Russia

The US Treasury Department, effective immediately, will freeze all US assets held by the Russian central bank. The move helps limit some losses on U.S. stock futures…

Dow futures fall 500 points hours before the start of a new week on Wall Street

Dow Jones Industrial Average futures fell nearly 500 points early Monday morning as the situation in Ukraine continues to worsen and Belarus may join the fight and support Russian efforts to take control of the country. .

S&P 500 and Nasdaq futures both fell about 1.5%.

The end of the month usually brings a series of economic data, but for now the conflict overshadows other issues.

Russia’s central bank raises interest rate

The Russian central bank raised its key rate to 20% on Monday from 9.5% to counter the risks of depreciation of the ruble and rising inflation.

Russia has also ordered companies to sell 80% of their foreign currency earnings, the central bank and finance ministry said.

E.ON wants Nord Stream without sanctions

E.ON, Europe’s largest energy network operator, has rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told the Rheinische Post newspaper on Monday.

After the German government suspended the Nord Stream 2 gas pipeline last week, Polish Prime Minister Mateusz Morawiecki on Saturday called for the shutdown of Nord Stream 1, which has been transferring Russian gas to Germany since 2011.

Nord Stream is a joint venture of Russian Gazprom, German oil and gas producer Wintershall DEA, PEG Infrastruktur E.ON, Dutch Gasunie and French Engie.

E.ON, which has a 15.5% stake in Nord Stream 1, said the project was “completely different from ongoing discussions about the Nord Stream 2 line”.

Stocks down nearly 500 points overnight

US stocks fell nearly 500 points early Monday morning as the situation in Ukraine continues to worsen and Belarus may join the fight and support Russian efforts to take control of the country.

In New York, the S&P 500 future was 1.6% lower and the Dow Industrials’ future was down 1.3%.

On Friday, the S&P 500 climbed 2.2%, posting its first weekly gain in three weeks. The Dow Jones Industrial Average rose 2.5% and the Nasdaq composite gained 1.6%. The Russell 2000 Index rose 2.3%.

The end of the month usually brings a series of economic data, but for now the conflict overshadows other issues.

“It all depends on the Russian-Ukrainian situation and developments in that situation will determine market sentiment and direction,” Oanda’s Jeffrey Halley said in a commentary.

Cryptocurrency down in overnight trading

The cryptocurrency was trading lower early Monday morning with all major coins in the red.

Bitcoin was trading at around $38,340, down 1.63%, while Ethereum and Dogecoin were down 4.64% at around $2,630 and 12.4 cents, down 1.36 %, respectively, Coindesk reported.

Washington is considering a new area for possible additional sanctions against Russia: cryptocurrencies. Targeting the country’s access to cryptocurrencies, such as bitcoin and ether, would take the sanctions policy into uncharted territory. Blocking transactions would be difficult, because by their nature, private digital currencies are designed to exist without borders and mostly outside the government-regulated financial system.

The Biden administration is in the early stages of exploring the region, with the goal of disrupting economic activity in the country, The Wall Street Journal reported on Friday, citing an administration official.

The ruble falls to an all-time low

The ruble plunged nearly 30% to an all-time low against the dollar around midnight Monday EST, while the euro sank after Western countries announced new sanctions to punish Russia for its invasion of Ukraine, in particular by blocking certain banks from the SWIFT international payment system. .

The ruble plunged to a record low of less than 1 US cent after Western countries moved to toughen sanctions on Russia, blocking some of its banks from the SWIFT global payment system.

Safe-haven currencies including the US dollar and yen were in demand after Russian President Vladimir Putin put nuclear forces on high alert on Sunday, the fourth day of the biggest assault on a European state since World War II. .

The ruble fell to 119 RUB per dollar = EBS, and fell 28.77% for the last time to 118.

Garland K. Long