World Markets Daily In Brief

Wednesday 02/03/2022 World Markets In Brief


Shares on the major Asian stock market indices traded mostly lower on Wednesday, European markets head for mixed open as the investors monitored the developments regarding the Russia-Ukraine conflict. Crude prices continued surging as Brent futures topped $110 per barrel for the first time since July 2014.


Asia-Pacific stocks mixed as Ukraine crisis continues

Shares in Asia-Pacific mostly tumbled in Wednesday trade as the ongoing Russia-Ukraine conflict continued to lead to a surge in oil prices.


European Shares Seen Opening Mixed As Yields Ease

European stocks are seen opening mixed on Wednesday as traders slash bets on interest-rate hikes from global central banks.


U.S. oil jumps to highest since 2013, tops $109 a barrel

U.S. oil climbed to the highest level since 2013 during overnight trading Tuesday, with global benchmark Brent topping $110 per barrel as crude’s blistering rally continues.


Defence spending to surge experts bullish on these stocks

After Russian military’s invasion in Ukraine, global defence expenditure is expected to shoot up exponentially.

. FT (UK)

Investors bet Ukraine crisis will slow pace of ECB and Fed tightening

Conflict will have a ‘significant impact’ on world economy, says BlackRock.


Russia-Ukraine conflict: UAE, Saudi stock markets hold up as oil hits $110/b

UAE stocks are holding the line on Wednesday while their Asian peers are seeing some serious sell-offs.


U.S. stocks move higher as investors watch Fed’s Powell and monitor Russia’s invasion of Ukraine

U.S. stock indexes trade higher Wednesday morning, with investors awaiting testimony from Fed boss Jerome Powell and watching developments in Eastern Europe.


Palm surges past 7,000 ringgit to record high on Black Sea supply woes

Malaysian palm oil futures jumped past 7,000 ringgit to hit a record high on Wednesday, extending a breathless rally that has been driven by disruptions of vegetable oil supply from the Black Sea region.


Three new ETFs to list on the Zimbabwe Stock Exchange

The Securities and Exchange Commission of Zimbabwe (SecZim) expects at least three new exchange traded funds (ETFs) to list on the Zimbabwe Stock Exchange (ZSE) this year as the capital markets continue to grow.


Brazil to exempt foreign investors from income tax

The Brazilian government is expected to announce in the coming days the exemption of foreign investments in debt instruments of Brazilian companies from income tax.


Investors are nervous amid continued military tensions

Asia-Pacific stocks mostly tumbled on Wednesday as nervous investors shifted money into bonds amid continued military tensions in Ukraine. Read more