Morning Brew March 4 2022
Senior Relationship Manager
Summary: Zaporizhzhia Nuclear Power Plant
Equities are under pressure this morning on a fire at the Zaporizhzhia Nuclear Power Plant, but can recover a little on news that the fire has been extinguished. Yesterday equites closed lower on rising oil, inflationary pressure and overall uncertainty. News reports that shooting at Zaporizhzhia has stopped and no radiation leaked.
The US 500 is trading at 4341, the US Tech 100 at 13953 and the GER40 at 13420. The US Tech 100 found some support at the 200d line.
EURUSD fell to 1.1020 with the volatility back at 10% and GBPUSD 1.3330 USDJPY remains at 115.50 and the USD Index breaks above 98.
Gold and Silver are at 1935 and 25.20.
Oil fell yesterday on news that a deal with Iran may allow more Iranian exports.
BlackRock suspends purchases of Russian securities in active and passive funds, other asset managers as well as Index providers join.
Tesla and Amazon suffered significant losses, after the Biden Administration announced a 4500USD premium for EVs that are US made in a Unionized factory.
Equities rose off the lows and closed in the green with app 1.5% for the US Indexes
The war in Ukraine continues and Russia entered the town Kherson while government sanctions and corporate boycotts are being stepped up against Russia.
Besides Ukraine and Iran Talks, watch for the EU retail sales and the US Labor data at 14:30 today.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.