Berliner Boersenzeitung - Stocks rebound, oil slips as traders weigh Russia sanctions

EUR -
AED 3.92521
AFN 75.592501
ALL 100.18418
AMD 413.94586
ANG 1.92412
AOA 913.172393
ARS 967.520978
AUD 1.610985
AWG 1.92359
AZN 1.812024
BAM 1.952714
BBD 2.155614
BDT 125.301991
BGN 1.954906
BHD 0.402416
BIF 3070.18313
BMD 1.068661
BND 1.446574
BOB 7.368356
BRL 5.805074
BSD 1.067612
BTN 89.150726
BWP 14.388419
BYN 3.489885
BYR 20945.760358
BZD 2.151916
CAD 1.464403
CDF 3045.684601
CHF 0.955703
CLF 0.036062
CLP 995.071013
CNY 7.758698
CNH 7.792141
COP 4449.168039
CRC 558.044776
CUC 1.068661
CUP 28.319523
CVE 110.091028
CZK 24.931652
DJF 190.083065
DKK 7.45971
DOP 63.011182
DZD 143.744709
EGP 51.018072
ERN 16.029919
ETB 61.601526
FJD 2.39674
FKP 0.838474
GBP 0.845621
GEL 2.997568
GGP 0.838474
GHS 16.156469
GIP 0.838474
GMD 72.40203
GNF 9191.656262
GTQ 8.274924
GYD 222.977638
HKD 8.340372
HNL 26.407922
HRK 7.500333
HTG 141.518518
HUF 396.954697
IDR 17579.477444
ILS 4.018049
IMP 0.838474
INR 89.300272
IQD 1396.992396
IRR 44977.285599
ISK 149.110335
JEP 0.838474
JMD 166.263958
JOD 0.757364
JPY 170.830835
KES 138.102905
KGS 92.715663
KHR 4401.398861
KMF 492.1724
KPW 961.795259
KRW 1484.785061
KWD 0.327812
KYD 0.888696
KZT 496.345647
LAK 23441.955733
LBP 95496.291513
LKR 325.635413
LRD 207.225225
LSL 19.089234
LTL 3.155479
LVL 0.646423
LYD 5.175633
MAD 10.620517
MDL 19.088835
MGA 4833.789244
MKD 61.437912
MMK 3470.970031
MNT 3686.881392
MOP 8.571056
MRU 42.041772
MUR 50.056666
MVR 16.460895
MWK 1851.053412
MXN 19.365189
MYR 5.036586
MZN 68.06842
NAD 19.089234
NGN 1619.075436
NIO 39.305701
NOK 11.311458
NPR 142.640763
NZD 1.749137
OMR 0.411412
PAB 1.066415
PEN 4.058287
PGK 4.164485
PHP 62.911857
PKR 297.326416
PLN 4.325356
PYG 8036.324549
QAR 3.889454
RON 4.977506
RSD 116.870814
RUB 94.359822
RWF 1401.758899
SAR 4.004968
SBD 9.034937
SCR 15.687674
SDG 642.265738
SEK 11.240607
SGD 1.448783
SHP 1.3502
SLE 24.416027
SLL 22409.293979
SOS 610.120958
SRD 32.911582
STD 22119.130107
SVC 9.331254
SYP 2685.043888
SZL 19.102263
THB 39.294697
TJS 11.335886
TMT 3.751001
TND 3.343916
TOP 2.521774
TRY 35.077527
TTD 7.236564
TWD 34.601092
TZS 2802.418793
UAH 43.181851
UGX 3998.681064
USD 1.068661
UYU 42.003624
UZS 13478.700217
VEF 3871281.493486
VES 38.820273
VND 27202.771935
VUV 126.873574
WST 2.992909
XAF 655.657132
XAG 0.036368
XAU 0.000461
XCD 2.888111
XDR 0.810229
XOF 655.657132
XPF 119.331742
YER 267.539047
ZAR 19.241999
ZMK 9619.225625
ZMW 27.197561
ZWL 344.108484
  • RBGPF

    0.0000

    56.5

    0%

  • BCE

    -0.1900

    32.6

    -0.58%

  • BCC

    -0.3100

    122.41

    -0.25%

  • NGG

    -0.7200

    57.13

    -1.26%

  • RIO

    -0.5200

    66.4

    -0.78%

  • SCS

    1.1100

    13.29

    +8.35%

  • GSK

    -0.2800

    40.48

    -0.69%

  • CMSC

    -0.0107

    24.44

    -0.04%

  • RELX

    -0.0500

    45.6

    -0.11%

  • CMSD

    -0.0700

    24.17

    -0.29%

  • JRI

    -0.0300

    12

    -0.25%

  • VOD

    -0.0400

    9.05

    -0.44%

  • AZN

    0.3200

    78.88

    +0.41%

  • RYCEF

    -0.1000

    6.03

    -1.66%

  • BTI

    0.2000

    31.7

    +0.63%

  • BP

    -0.2000

    35.51

    -0.56%

Stocks rebound, oil slips as traders weigh Russia sanctions
Stocks rebound, oil slips as traders weigh Russia sanctions

Stocks rebound, oil slips as traders weigh Russia sanctions

Global stocks rebounded Friday, one day after slumping as Russia invaded Ukraine, while oil declined from 2014 peaks.

Text size:

In Europe, the three main indices all briefly gained over three percent in afternoon trading, recovering much of the previous day's losses, as Western nations held off from imposing sanctions that would cripple critical sales of Russian oil and gas.

On Wall Street, which ended Thursday in positive territory, the Dow rose by 0.4 percent at the start of trading on Friday, although the tech-heavy Nasdaq Composite dipped slightly.

Asian equities mostly bounced back.

European benchmark Brent crude was down to $97.76 per barrel, having briefly soared past $105 per barrel on Thursday for the first time since 2014.

Haven investment gold firmed above $1,900 per ounce, having forged a near 1.5-year peak on Thursday.

"It's a remarkable turnaround when you consider that the invasion is still taking place and sanctions are being drawn up," said market analyst Craig Erlam at trading platform OANDA.

"With oil trading back below $100 a barrel and gas prices falling after yesterday's surge, it would appear traders are anticipating minimal disruption to Russian exports either directly as a result of the invasion or from sanctions imposed," he added.

- Sanctions 'underwhelmed' -

"The latter is understandable as the proposed measures so far have underwhelmed, to say the least," said Erlam.

Western nations added to sanctions on senior Russian officials and business figures as well as Russian banks. However, they have largely spared the Russian energy sector and not cut Russia off from the SWIFT international bank transfer system.

"From our vantage point, the rally after the new sanctions were announced suggested to us that the new sanctions weren't harsh enough, as market participants seemingly took comfort in the recognition that nothing was done to restrict Russia's oil and gas exports or its access to the SWIFT financial payments system," said Patrick J. O'Hare at Briefing.com.

Such moves would have sent already high energy prices even higher, causing more pain for consumers.

"The stock market is acting as if it thinks the Russia-Ukraine situation won't become a source of hyper commodity inflation or the basis for an economically-damaging cyber war," O'Hare added.

- Key figures around 1430 GMT -

London - FTSE 100: UP 3.0 percent at 7,422.71 points

Frankfurt - DAX: UP 2.8 percent at 14,441.42

Paris - CAC 40: UP 2.9 percent at 6,707.88

EURO STOXX 50: UP 2.8 percent at 3,936.89

New York - Dow: UP 0.4 percent at 33,366.08

Tokyo - Nikkei 225: UP 2.0 percent at 26,476.50 (close)

Hong Kong - Hang Seng Index: DOWN 0.6 percent at 22,767.18 (close)

Shanghai - Composite: UP 0.6 percent at 3,451.41 (close)

Brent North Sea crude: DOWN 1.3 percent at $97.76 per barrel

West Texas Intermediate: DOWN 0.7 percent at $92.21 per barrel

Euro/dollar: UP at $1.1225 from $1.1192 late Thursday

Pound/dollar: UP at $1.3383 from $1.3380

Euro/pound: UP at 83.86 pence from 83.65 pence

Dollar/yen: DOWN at 115.51 yen from 115.53 yen

burs-rl/yad

(A.Berg--BBZ)