NEW YORK (dpa-AFX) – Thanks to a possible relaxation in the conflict over Ukraine, the US stock exchanges should recover significantly on Tuesday. Three quarters of an hour before the start of trading, broker IG assessed the leading index Dow Jones Industrial almost one percent up to 34,891 points and the technology-heavy Nasdaq 100 more than one and a half percent higher to 14,511 points. Investors did not really trust yesterday’s first signs of Russia’s willingness to engage in talks and therefore only grabbed them with tippy fingers after the recent price losses.
Most recently, Russia’s Foreign Minister Sergey Lavrov said that the dialogue with the United States and NATO on the security guarantees demanded by Russia would continue. It is about not stationing medium-range missiles and the “reduction of military risks”. Lavrov called the new dialogue offered by the Organization for Security and Cooperation in Europe (OSCE) “interesting”.
Russia is demanding binding assurances for an end to NATO’s eastward expansion and, in particular, for not accepting Ukraine into the western military alliance, which both NATO and the USA reject.
Russia is currently holding several maneuvers. The United States fears that troop movements and a deployment of tens of thousands of soldiers along Ukraine’s borders could serve to prepare for war. Russia rejects this and stresses every day that it is not planning an attack on Ukraine. The Ministry of Defense announced that the first troops are returning to their positions after maneuvers. A number was not initially mentioned.
Takeovers made the headlines on Wall Street. Tower Semiconductor shares, listed in New York, shot up premarket by 41 percent to just under 47 US dollars after the American chip giant Intel had agreed on a takeover with the Israeli semiconductor manufacturer. The deal is expected to total around $5.4 billion and values Tower at $53 a share. The Intel titles rose by around 1.3 percent.
At Monster Beverage, however, it was enough for pre-market price gains of almost four percent. According to company sources cited by the Bloomberg news agency, the energy drink maker’s merger talks with Constellation Brands, producer of the well-known Corona beer brand, are progressing. It is said that these are still at an early stage. Constellation titles, meanwhile, were unmoved.
Virgin Galactic’s shares rose 12 percent after the space company announced it would sell space flight reservations starting Wednesday.
Good business figures allowed Marriott International’s shares to rise by more than three percent. According to the US analysis company Bernstein Research, sales per room in the past quarter were above expectations./gl/mis
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