Berliner Boersenzeitung - Ukraine fears weigh on markets but 'chance' of deal provides hope

EUR -
AED 3.917207
AFN 76.404407
ALL 101.521982
AMD 421.425862
ANG 1.917145
AOA 893.306846
ARS 927.183226
AUD 1.657548
AWG 1.919938
AZN 1.809151
BAM 1.959248
BBD 2.147822
BDT 116.975883
BGN 1.955794
BHD 0.401978
BIF 3047.83514
BMD 1.066632
BND 1.449731
BOB 7.380922
BRL 5.582969
BSD 1.063703
BTN 88.99734
BWP 14.702275
BYN 3.480688
BYR 20905.993461
BZD 2.144223
CAD 1.469131
CDF 2975.904554
CHF 0.97151
CLF 0.037841
CLP 1044.158849
CNY 7.720603
CNH 7.728189
COP 4151.492982
CRC 532.991226
CUC 1.066632
CUP 28.265756
CVE 110.459413
CZK 25.25145
DJF 189.424894
DKK 7.461392
DOP 62.877168
DZD 143.747227
EGP 51.736785
ERN 15.999485
ETB 60.524248
FJD 2.424773
FKP 0.856252
GBP 0.856741
GEL 2.83728
GGP 0.856252
GHS 14.335096
GIP 0.856252
GMD 72.477546
GNF 9144.305272
GTQ 8.289512
GYD 223.150663
HKD 8.351939
HNL 26.356306
HRK 7.551928
HTG 140.993869
HUF 392.990176
IDR 17326.375397
ILS 4.040835
IMP 0.856252
INR 89.166036
IQD 1393.441751
IRR 44865.220252
ISK 150.309719
JEP 0.856252
JMD 165.389348
JOD 0.755925
JPY 164.682691
KES 141.329037
KGS 94.935718
KHR 4302.202666
KMF 494.487568
KPW 959.969461
KRW 1472.763208
KWD 0.328672
KYD 0.886436
KZT 477.671472
LAK 22630.805799
LBP 95257.738811
LKR 321.240464
LRD 206.180683
LSL 20.37001
LTL 3.149488
LVL 0.645195
LYD 5.191038
MAD 10.818139
MDL 19.008655
MGA 4667.135033
MKD 61.580205
MMK 2233.786009
MNT 3679.881871
MOP 8.59655
MRU 42.31862
MUR 49.647315
MVR 16.479543
MWK 1843.858275
MXN 18.100548
MYR 5.108131
MZN 67.732071
NAD 20.286954
NGN 1216.643277
NIO 39.152744
NOK 11.746411
NPR 142.39194
NZD 1.805148
OMR 0.410598
PAB 1.065781
PEN 4.01012
PGK 4.038537
PHP 61.006038
PKR 296.115221
PLN 4.338367
PYG 7872.614765
QAR 3.883073
RON 4.975627
RSD 117.129074
RUB 100.423425
RWF 1371.145883
SAR 4.001083
SBD 9.039906
SCR 14.41522
SDG 625.04622
SEK 11.676208
SGD 1.451324
SHP 1.347636
SLE 24.369672
SLL 22366.750331
SOS 609.583438
SRD 37.092673
STD 22077.13549
SVC 9.307275
SYP 2679.946096
SZL 20.243248
THB 39.240968
TJS 11.643784
TMT 3.738546
TND 3.373779
TOP 2.553464
TRY 34.638223
TTD 7.222661
TWD 34.508746
TZS 2749.690396
UAH 42.061205
UGX 4066.156613
USD 1.066632
UYU 41.462977
UZS 13524.897641
VEF 3863931.612074
VES 38.658557
VND 27097.794075
VUV 126.632762
WST 2.990419
XAF 655.835453
XAG 0.037786
XAU 0.00045
XCD 2.882627
XDR 0.80825
XOF 655.835453
XPF 119.331742
YER 267.031416
ZAR 20.248413
ZMK 9600.957844
ZMW 26.886269
ZWL 343.455172
  • SLAC

    0.0050

    10.305

    +0.05%

  • CMSD

    0.0500

    24.27

    +0.21%

  • SCS

    -0.0200

    11.82

    -0.17%

  • RBGPF

    1.1780

    52

    +2.27%

  • CMSC

    0.0200

    23.92

    +0.08%

  • NGG

    1.0700

    64.59

    +1.66%

  • BTI

    0.2100

    28.59

    +0.73%

  • BP

    -0.2600

    38.37

    -0.68%

  • GSK

    -0.3500

    39.6

    -0.88%

  • RIO

    1.0900

    66.78

    +1.63%

  • RYCEF

    0.0750

    5.015

    +1.5%

  • BCC

    -1.1100

    137.8

    -0.81%

  • BCE

    0.0200

    32.24

    +0.06%

  • RELX

    0.1700

    41.45

    +0.41%

  • JRI

    0.1200

    10.98

    +1.09%

  • VOD

    0.0900

    8.28

    +1.09%

  • AZN

    0.2650

    68.53

    +0.39%

Ukraine fears weigh on markets but 'chance' of deal provides hope
Ukraine fears weigh on markets but 'chance' of deal provides hope

Ukraine fears weigh on markets but 'chance' of deal provides hope

Asian markets mostly fell again Tuesday, extending a global sell-off fuelled by fears that Russia is about to invade Ukraine, though the losses were more muted than the previous day and oil dipped after Moscow said a diplomatic agreement was still possible.

Text size:

The crisis in Eastern Europe added to long-running unease about the Federal Reserve's plans to hike interest rates as it battles to rein in 40-year-high inflation with one top official saying the bank needed to act quickly to maintain its credibility.

Equities were sent spinning after US national security advisor Jake Sullivan warned last week that Russia could storm into Ukraine "any day now", having amassed more than 100,000 troops on its border in recent weeks.

Western powers have drawn up a series of tough sanctions against Moscow in the event of an invasion but there is a big worry that such a move would have economic consequences owing to the fact that the two countries are key sources of vital commodities including oil, gas and wheat.

The price of each of them has soared in recent weeks.

However, while Washington continues to fret, there was a glimmer of hope that recent diplomatic efforts could pay off, with Russian foreign minister Sergei Lavrov saying there was "always a chance" for agreement with the West.

In a televised meeting, he told President Vladimir Putin that talks with US and European leaders showed enough of an opening for progress on his goals, adding: "I would suggest continuing."

German Chancellor Olaf Scholz was due in Moscow on Tuesday for talks with Putin.

The exchange between Putin and Lavrov improved the mood on markets slightly, helping Wall Street off its intra-day lows, though all three main indexes ended in negative territory for a second day.

Asia also struggled but fared a little better as the day progressed.

Tokyo dipped as investors brushed off data showing Japan's economy rebounded in the final three months of 2021.

Hong Kong, Sydney, Seoul, Wellington and Manila also slipped but Shanghai, Taipei and Jakarta edged up.

Oil prices dipped on the comments, though they remain at more than seven-year highs and within touching distance of $100 a barrel, having soared around 25 percent since the start of January.

The long-running saga over the Fed's plans for fighting inflation were also still on traders' minds, with the central bank expected to hike rates next month but speculation rife over how much it will move and how many more times after.

St Louis Fed President James Bullard said Monday officials needed to be decisive in its actions, telling CNBC "our credibility is on the line here".

He added that the bank should "front load" its actions and raise the benchmark borrowing rate to one percent by July, echoing similar remarks last week that caused a stir on trading floors.

But some commentators warned that with prices being fuelled by factors such as surging energy costs and supply chain problems, the Fed hikes could have little effect.

"What we are seeing is a Fed that is reacting to inflationary prints even though many of the pressures on inflation are factors that the Fed really can't solve," Kristina Hooper, of Invesco, told Bloomberg Television.

"So that certainly increases the risks and reduces the clarity."

Still, with the global economy in recovery mode and most governments easing containment measures, observers remain upbeat about the outlook for markets.

"Times will certainly become somewhat rougher on the markets, as the first weeks of this year have already shown," said DWS chief investment officer Stefan Kreuzkamp.

"However, on a 12-month horizon, we stay with our positive assessment of equities," he added.

- Key figures around 0230 GMT -

Tokyo - Nikkei 225: DOWN 0.3 percent at 27,006.66 (break)

Hong Kong - Hang Seng Index: DOWN 0.1 percent at 24,529.44

Shanghai - Composite: UP 0.4 percent at 3,441.42

West Texas Intermediate: DOWN 0.4 percent at $95.12 per barrel

Brent North Sea crude: DOWN 0.3 percent at $96.22 per barrel

Euro/dollar: UP at $1.1312 from $1.1305 late Monday

Pound/dollar: UP at $1.3538 from $1.3526

Euro/pound: UP at 83.56 pence from 83.54 pence

Dollar/yen: DOWN at 115.43 yen from 115.55 yen

New York - Dow: DOWN 0.5 percent at 34,566.17 (close)

London - FTSE 100: DOWN 1.7 percent at 7,531.59 (close)

(B.Hartmann--BBZ)