Market Strategist
Summary: With Global economies and companies blocking Russian trade after its military invaded Ukraine, Commodities once heavily sourced from Russia are seeing huge price jumps. The wheat price is up 10%, lifting grain stocks, while the oil price is up about 1%. Meanwhile, shift to green energy has reignited again, with investors buying heavily into clean energy stocks, like uranium business Paladin Energy, and ASX lithium giant Allkem. Meanwhile, the list of companies halting Russian grows with BP, Shell, Harley Davidson, and GM also making a stand. While pressure mounts on indices makers MSCI and S&P Dow Jones Indices to remove Russian companies, meaning global and emerging market ETFs could face rebalancing, which will cause further market volatility. Considerations and trading ideas below.
Co-written by Market Strategists Jessica Amir in Australia and Redmond Wong in Hong Kong.
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AI: The good, the bad, and the bubble
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Charu Chanana,
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