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MARKETS: Stocks finished lower losing steam late in the session, as investors remained focused on the surge in global crude prices and the broader commodity complex, as global markets continue to count the costs from Russia’ invasion of Ukraine.

The Dow Jones Industrial Average finished down 184.7 points, or 0.56%, to 32,632 while the S&P 500, which is down 11.75% for the year and fresh off its worst single-day decline in 17 months, lost 0.72%.

The NASDAQ Composite slipped 0.28% as 10-year Treasury note yields rose to 1.852%.

CITE: https://www.r2library.com/Resource/Title/082610254

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OIL: Futures ended higher Tuesday, with West Texas Intermediate crude for April delivery rising 3.6% to settle at $123.70 a barrel. That’s the highest front-month contract finish since August 1st, 2008, according to Dow Jones Market Data.

EUROPE: Rallied at the start of trade on Wednesday, buoyed by an interview from Ukraine’s president in which he appeared to make major concessions. The Stoxx Europe 600 rose 2.2% to 424.28, helped by a rally in the beleaguered banking sector. Gainers included BNP Paribas Adidas and Deutsche Post.

ASIA: At the close in Tokyo, the Nikkei 225 declined 0.30% to hit a new 52-week low. The best performers of the session on the Nikkei 225 were Isuzu Motors, Ltd. (T:7202), which rose 7.91% or 102.00 points to trade at 1,391.00 at the close. Meanwhile, Fujitsu Ltd. (T:6702) added 5.54% or 840.00 points to end at 16,000.00 and Hitachi Ltd (T:6501) was up 4.78% or 228.00 points to 4,998.00 in late trade. The worst performers of the session were Tokyo Electric Power Co., Inc. (T:9501), which fell 7.00% or 25.00 points to trade at 332.00 at the close. Kikkoman Corp. (T:2801) declined 6.67% or 560.00 points to end at 7,840.00 and Ricoh Co., Ltd. (T:7752) was down 4.91% or 47.00 points to 910.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2034 to 1517 and 220 ended unchanged. Shares in Ricoh Co., Ltd. (T:7752) fell to 52-week lows; losing 4.91% or 47.00 to 910.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 6.54% to 29.82 a new 1-month high.

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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: asian markets, DJIA, Dow Jones Industrial Average, european stock markets, NASDAQ, oil, Russia, S&P, Ukraine |