Equities New York outlook: price gains

NEW YORK (dpa-AFX) – Despite the ongoing war in Ukraine, the US stock exchanges can expect a continuation of yesterday’s recovery on Friday. According to the Kremlin, Russia is ready for peace talks with Ukraine.

Irrespective of the further advance of Russian armed forces, the broker IG appraised the leading index Dow Jones Industrial three quarters of an hour before the start of trading, 0.4 percent higher to 33,369 points. In view of the previous series of losses, the leading index is still threatened with a weekly minus of a good two percent. The Nasdaq 100 technology index, which was particularly strong the day before IG sees a 0.7 percent increase on Friday at 14,070 points.

Moscow is ready to send a Russian delegation to the Belarusian capital of Minsk for talks, said Kremlin spokesman Dmitry Peskov. Ukrainian President Volodymyr Zelenskyi twice offered to meet Russian President Vladimir Putin. The Belarusian ruler Alexander Lukashenko is ready to create the conditions for a meeting of the Russian and Ukrainian delegations.

The EU was initially unimpressed by this: According to information from the German Press Agency, it will also put Putin and Russia’s Foreign Minister Sergey Lavrov on its sanctions list. This means that any assets held by the two politicians in the EU will be frozen. In addition, they are no longer allowed to enter the EU.

The little corporate news from the USA met with a negative response before the market. According to the figures, Foot Locker shareholders had to cope with a price slump of a good 23 percent to USD 31.90, which means that the sportswear manufacturer’s shares are threatening their lowest level since September 2020. A disappointing outlook for the current year pushed the surprisingly good development of earnings in the past quarter into the background.

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The meat substitute manufacturer Beyond Meat was also not able to convince with its interim report. The shares lost almost eleven percent to $ 43.63, but remained above the interim record low on Thursday.

At the largest US crypto exchange Coinbase, the jump in profits in the past quarter was offset by a cautious outlook. In view of the recent price slide in Bitcoin and Co. Coinbase prepared investors for weaker deals. The shares were under pressure before the market. The day before they had also slipped to a record low before they reversed themselves rapidly in the course of the market recovery and closed with a plus of almost four percent.

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