(Il Sole 24 Ore Radiocor) – The European stock exchanges move with the accelerator lowered and show increases of more than 3% while gas prices retreat (-10% in Europe) and those of Petroleum the day after the stop by the United States and the United Kingdom on crude oil imports from Russia. Moscow agreed to a truce to open humanitarian corridors for 12 hours to allow civilians from affected cities, while the Fitch agency further cut the Russian sovereign rating by anticipating a default is imminent due to the impact of the sanctions imposed by Western countries.
Raw materials in tension: oil rises, gas folds
Increase of about 2% for i prices of barrel of oil in the aftermath of the US decision to ban the importation of oil, natural gas and coal from Russia. The UK, in turn, will eliminate imports of crude oil from Moscow by the end of the year. The price of the natural gas in Europe at 189 euros per megawatt hour. The tension on the market is confirmed metals: the London Metal Exchange in London has announced that it does not plan to restart normal trading of suspended nickel contracts after the flare-up of prices (+ 250% in two sessions) while aluminum confirms the values in the area of 3500 dollars per ton.
Bitcoin exceeds $ 42,000, US studies sector review
The price of Bitcoin is back above $ 42,000 with a rise of more than 8% after Treasury Secretary Janet Yellen hailed the US government’s decision to review cryptocurrency industry regulations as “historic”. As anticipated by the Wall Street Journal, the White House will issue an executive order this week instructing several federal agencies to lead an extensive review of cryptocurrencies, including the study of the creation of a US digital currency. Yellen’s message, which appeared on the Treasury website, was later removed but it was enough to reignite the fuses under a sector that in recent sessions had been strongly affected, as happened for the stock indices, of the Russian invasion of Ukraine. Together with Bitcoin, theEthereum while the privacy coins fly with Currency e Zcash.
In Milan Unicredit is triggered, only the energetic ones go down
At Piazza Affari, a snapshot of Unicredit: in a note released on the evening of Tuesday 8 March, he clarified his exposure in Russia and estimated that in the event of the worst-case scenario, with zero exposure, the impact on Cet1 (200 bp) allows the bank to confirm the dividend in cash and the plan for the purchase of own shares. In the wake it goes up Intesa Sanpaolo. Good Pirelli & C and managed savings. Earn money Telecom Italia: on Sunday a board of directors will decide the answer to fund Kkr which at the end of November had submitted an expression of interest in a takeover bid on the telecommunications group. Meanwhile, the agency Moody’s has lowered the rating on the company to Ba3 with a negative outlook.
Ruble plunging after Fitch cut
The ruble slips further after Fitch’s further cut in Russian sovereign rating in the reopening session of the local currency market. The exchange rate between the dollar and the ruble rose by 8% to 113.9 compared to Friday’s values. On international platforms, the Russian currency trades at 127 for one dollar and at 140 for one euro. The Fitch agency downgraded the Russian Federation’s rating from ‘B’ to ‘C’ due to the impact of sanctions on the national economy. For the rating agency, the risk of a Russian default on sovereign debt is “imminent”.
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