Berliner Boersenzeitung - Stocks wobble, oil higher in major trading week

EUR -
AED 4.23952
AFN 80.226659
ALL 97.295308
AMD 443.039278
ANG 2.065721
AOA 1058.426518
ARS 1490.672609
AUD 1.772767
AWG 2.080496
AZN 1.958283
BAM 1.952101
BBD 2.332531
BDT 141.928463
BGN 1.952792
BHD 0.435143
BIF 3396.31606
BMD 1.154228
BND 1.487298
BOB 7.983496
BRL 6.434357
BSD 1.155236
BTN 100.22644
BWP 15.638453
BYN 3.780299
BYR 22622.869931
BZD 2.320684
CAD 1.589678
CDF 3335.718832
CHF 0.930073
CLF 0.028267
CLP 1108.913435
CNY 8.283778
CNH 8.288754
COP 4774.464361
CRC 583.806493
CUC 1.154228
CUP 30.587044
CVE 110.748157
CZK 24.591405
DJF 205.129641
DKK 7.463389
DOP 70.407534
DZD 150.50992
EGP 56.212291
ERN 17.313421
ETB 159.511975
FJD 2.602666
FKP 0.86189
GBP 0.864869
GEL 3.119951
GGP 0.86189
GHS 12.119832
GIP 0.86189
GMD 83.104769
GNF 9990.99836
GTQ 8.864665
GYD 241.698331
HKD 9.060621
HNL 30.414197
HRK 7.528334
HTG 151.505564
HUF 399.989079
IDR 18936.554072
ILS 3.886915
IMP 0.86189
INR 100.70224
IQD 1512.038756
IRR 48607.432985
ISK 142.215149
JEP 0.86189
JMD 185.079326
JOD 0.818365
JPY 170.971756
KES 149.470972
KGS 100.783039
KHR 4639.996905
KMF 492.269676
KPW 1038.756608
KRW 1596.551124
KWD 0.352524
KYD 0.96273
KZT 627.508229
LAK 24902.470267
LBP 103347.601656
LKR 349.026252
LRD 232.000212
LSL 20.649434
LTL 3.408135
LVL 0.698181
LYD 6.244721
MAD 10.491355
MDL 19.714756
MGA 5113.230603
MKD 61.527913
MMK 2422.734869
MNT 4144.282462
MOP 9.341427
MRU 45.961464
MUR 52.840607
MVR 17.77611
MWK 2004.314029
MXN 21.630707
MYR 4.888733
MZN 73.824915
NAD 20.649071
NGN 1767.042136
NIO 42.418119
NOK 11.776283
NPR 160.366265
NZD 1.936576
OMR 0.443798
PAB 1.155301
PEN 4.100398
PGK 4.792377
PHP 66.354289
PKR 326.703907
PLN 4.279572
PYG 8653.054669
QAR 4.202255
RON 5.075834
RSD 117.186471
RUB 93.608718
RWF 1662.088403
SAR 4.32941
SBD 9.515644
SCR 16.946648
SDG 693.117771
SEK 11.138982
SGD 1.486051
SHP 0.907042
SLE 26.547126
SLL 24203.589812
SOS 659.644734
SRD 42.370322
STD 23890.190417
STN 24.758192
SVC 10.108285
SYP 15006.689298
SZL 20.648463
THB 37.45696
TJS 11.004408
TMT 4.05134
TND 3.341535
TOP 2.703319
TRY 46.837916
TTD 7.841313
TWD 34.290938
TZS 2966.366121
UAH 48.296584
UGX 4141.332721
USD 1.154228
UYU 46.22482
UZS 14543.273212
VES 141.609066
VND 30260.974103
VUV 137.702861
WST 3.166508
XAF 654.767452
XAG 0.030311
XAU 0.000347
XCD 3.119359
XCG 2.082045
XDR 0.800353
XOF 645.213904
XPF 119.331742
YER 277.76456
ZAR 20.64944
ZMK 10389.433233
ZMW 26.543777
ZWL 371.660964
  • RBGPF

    -3.5200

    74.03

    -4.75%

  • CMSC

    0.1100

    22.61

    +0.49%

  • SCU

    0.0000

    12.72

    0%

  • RYCEF

    0.3500

    13.5

    +2.59%

  • RELX

    0.1500

    51.92

    +0.29%

  • RIO

    0.0800

    62.27

    +0.13%

  • SCS

    -0.3400

    10.51

    -3.24%

  • NGG

    0.2000

    70.52

    +0.28%

  • AZN

    2.1500

    73.98

    +2.91%

  • GSK

    0.2200

    37.67

    +0.58%

  • BTI

    0.9900

    52.77

    +1.88%

  • CMSD

    0.2200

    23.12

    +0.95%

  • VOD

    -0.0500

    11.11

    -0.45%

  • BCC

    -0.6000

    86.14

    -0.7%

  • JRI

    0.0300

    13.06

    +0.23%

  • BCE

    -0.1700

    23.66

    -0.72%

  • BP

    0.2900

    32.96

    +0.88%

Stocks wobble, oil higher in major trading week
Stocks wobble, oil higher in major trading week

Stocks wobble, oil higher in major trading week

Stocks diverged Monday as a pre-weekend rally on Wall Street fizzled with traders looking ahead to a charged week of central bank policy meetings and US jobs data.

Text size:

Meanwhile, oil prices pushed higher ahead of a meeting of OPEC and its allies on whether to continue its policy of gradual increases in production.

"There's no shortage of risk events for the markets this week with rate decisions from the Bank of England and the ECB (European Central Bank), the US jobs report and a slew of earnings," noted Victoria Scholar, head of investment at Interactive Investor.

Wall Street opened mixed after a strong rally at the end of last week, with both the Dow and S&P 500 falling.

European shares were also mixed in afternoon trading.

Most Asian stock markets closed higher Monday, though traders remained nervous about the Federal Reserve's plan to hike US interest rates as it battles surging inflation.

The tech-heavy Nasdaq led the strong finish Friday for US equities Friday thanks to soaring fourth-quarter profits at Apple, which lifted optimism about consumer spending and the economic recovery.

The strong performance, coupled with strong US economic data, filtered through to Asia, where trade was thinned by investors winding down ahead of the three-day Lunar New Year break that starts Tuesday.

- Rates in focus -

The gains followed a period of upheaval across world markets as the Fed readies to withdraw the vast financial support put in place at the start of the pandemic, which has fuelled a near two-year equity rally.

"The markets have been roiled by concerns about stubborn inflation pressures and expectations that the Fed will have to be aggressive with its monetary policy tightening campaign," said analysts at Charles Schwab brokerage.

Observers debate the Fed's likely moves as US inflation sits at a four-decade high, with some saying it could hike up to seven times before 2023, with an initial 50 basis point move in March.

The Bank of England is widely expected to increase its main interest rate by a quarter-point Thursday to 0.5 percent.

That follows its decision in December to increase borrowing costs from a record-low 0.1 percent to 0.25 percent to combat decades-high inflation.

This week sees also an ECB policy update.

ECB chief Christine Lagarde has downplayed inflation concerns, arguing that the forces pushing up prices across the eurozone are expected to ease over 2022.

Official data Monday showed the eurozone economy grew 5.2 percent last year after a pandemic-induced recession. Meanwhile, although German inflation slowed in January, it still came in higher than expected and will likely put more pressure on the ECB to react.

- Oil up before OPEC -

Oil prices were higher as OPEC and its allies prepare to meet Wednesday to discuss a further increase in output.

Brent crude last week surpassed $90 per barrel, a level last seen in October 2014.

The price of West Texas Intermediate (WTI) crude hit its highest level in more than seven years earlier this month, fuelled by easing concerns about the Omicron Covid variant and geopolitical tensions.

Analysts have said that if Russia sends troops into Ukraine, crude prices could top $100 for the first time since 2014.

- Key figures around 1430 GMT -

London - FTSE 100: DOWN less than 0.1 percent at 7,462.87 points

Frankfurt - DAX: UP 0.4 percent at 15,380.28

Paris - CAC 40: DOWN 0.3 percent at 6,947.48

EURO STOXX 50: UP 0.1 percent at 4,142.78

New York - Dow: DOWN 0.6 percent at 34,523.02

Tokyo - Nikkei 225: UP 1. percent at 27,001.98 (close)

Hong Kong - Hang Seng Index: UP 1.1 percent at 23,802.26 (close)

Shanghai - Composite: Closed for a holiday

Euro/dollar: UP at $1.1189 from $1.1158 Friday

Pound/dollar: UP at $1.3436 from $1.3389

Euro/pound: UP at 83.30 pence from 83.16 pence

Dollar/yen: UP at 115.36 yen from 115.24 yen

Brent North Sea crude: UP 1.3 percent at $91.16 per barrel

West Texas Intermediate: UP 0.8 percent at $87.51 per barrel

burs-rl/cdw

(U.Gruber--BBZ)