Stocks are volatile, the US hits the Russian Central Bank, oil and gold

Icahn warns that geopolitical events between Russia and Ukraine may complicate The problem of inflation in America…

risk Russian Debt default reached a record high after the main Penalties by West.

The cost of insuring Russian government debt for 5 years rose today to a high of 1,321 basis points today. This means that it now costs $1.32 million annually for five years to secure $10 million in Russian debt. That’s a sharp rise from about $120,000 at the start of the year.

Pershing Square’s Bill Ackman gives advice to President Biden amid Russia’s invasion of Ukraine.

Nasdaq gave up Modest gains as US stocks fell in afternoon trading

Moscow extended the closure From the stock exchange one day later. Related Russian stocks and ETFs fell.

In its biggest deal ever, TD Bank is buying First Horizon…

“First Horizon is a fantastic bank and a great strategic fit for TD. It provides TD with an immediate presence and scale in the very attractive neighboring markets of the United States with significant opportunity for future growth across the Southeast,” said Bharat Masrani, Group President and CEO. Executive Officer, TD. “Working with the First Horizon team, TD will build on the success of its strong franchise and deliver legendary customer experiences that differentiate us in every market through our footprint,” Masrani said in the deal announcement.

Defense stocks jumped partly because of Germany Declaration
to boost defense spending.

stocks down Across the board in early trading…

Economists are growing More Concerned About Rising Inflation And The Federal Reserve May Have Missed Target…

The US Treasury, Effective immediately, all US assets held by the Russian Central Bank will be frozen. The move helps curb some losses in US stock futures…

Dow Jones Industrial Average futures Dropped nearly 500 points early Monday morning with the situation in Ukraine The matter is getting more serious, and reports suggest that Belarus may join the fight and support Russian efforts to take control of the country.

S&P 500 and Nasdaq futures were down about 1.5%.

Usually the end of the month brings a large selection of economic data, but for now the conflict trumps other issues.

Russia’s Central Bank on Monday raised its key interest rate to 20% from 9.5% to counter the risks of a devaluation of the ruble and higher inflation.

Russia also ordered companies to sell 80% of their foreign exchange earnings, the central bank and finance ministry said.

E.ON, Europe’s largest power grid operator, has rejected its demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for its invasion of Ukraine, the company told the Rheinische Post on Monday.

After the German government shut down the Nord Stream 2 pipeline last week, Polish Prime Minister Mateusz Morawiecki on Saturday called for the shutdown of Nord Stream 1, which has transported Russian gas to Germany since 2011.

Nord Stream is a joint venture between Russia’s Gazprom, German oil and gas producer Wintershall DEA, PEG Infrastruktur E.ON, Dutch Gasunie and French Engie.

E.ON, which owns a 15.5% stake in Nord Stream 1, said the project is “very different from the ongoing discussions around Nord Stream 2.”

US stocks fell nearly 500 points early Monday morning as the situation in Ukraine continues to worsen and reports that Belarus may join the fight and support Russian efforts to take control of the country.

In New York, the S&P 500 future is down 1.6% while the Dow Jones Industrial Average is down 1.3%.

On Friday, the S&P 500 Index rose 2.2%, posting its first weekly gain in three. The Dow Jones Industrial Average rose 2.5% and the Nasdaq Composite Index rose 1.6%. The Russell 2000 index rose 2.3%.

The end of the month usually brings a slew of economic data, but the struggle trumps other issues for now.

“It’s all about the situation between Russia and Ukraine and developments in that situation will drive market sentiment and direction,” Oanda’s Jeffrey Haley said in a comment.

Cryptocurrency traded lower early Monday morning with all major currencies dropping in the red.

Bitcoin is trading at around $38,340, down 1.63%, while Ethereum and Dogecoin are down 4.64% at roughly $2,630 and 12.4 cents, down 1.36%, respectively, according to Coindesk.

Washington is studying a new area for possible further sanctions against Russia: cryptocurrencies, targeting the country’s access to cryptocurrencies, such as bitcoin and ether, would move sanctions policy into uncharted territory. Blocking transactions can be difficult, since digital currencies are inherently private, designed to exist without borders and mostly outside the government-regulated financial system.

The Wall Street Journal reported Friday, citing an administration official, that the Biden administration is in the early stages of exploring the region, with the aim of disrupting economic activity in the country.

The ruble fell nearly 30% to an all-time low against the dollar at midnight ET on Monday, while the euro sank after Western countries announced new sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the payments system. International SWIFT.

The ruble fell to a record low of less than one US cent after Western countries moved to tighten sanctions against Russia, blocking some of its banks from the global payments system SWIFT.

The demand for safe-haven currencies, including the dollar and the yen, after Russian President Vladimir Putin put the nuclear armed forces on high alert on Sunday, the fourth day of the largest attack on a European country since World War II.

The ruble fell to 119 per dollar RUB = EBS, and the last time it fell 28.77% at 118.