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WAR IS ON!
By Staff Reporters
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US Exchange: US stocks climbed out of a deep hole to close higher as investors piled into Big Tech names. One sector that got a boost from the war’s outbreak was cybersecurity: Firms like CrowdStrike surged in anticipation of more cyberattacks from Russia.
10 Year T-Bond: 1.971 down
Russian Exchange: The stock exchange in Moscow suspended trading yesterday but when dealing resumed, stocks went into free-fall. The MOEX index plunged as much as 45%, while the RTS index — which is denominated in dollars — was down more than 40% at 4.15 a.m. ET. The crash wiped about $75 billion off the value of Russia’s biggest companies.
Russian Banks and Oil: These companies were among the hardest hit in volatile trading, with shares in Sberbank — Russia’s largest lender — at one stage losing 57% of their value. Rosneft, in which BP owns a 19.75% stake, plunged as much as 58%. BP shares dropped 5% in London.
Russian Ruble: 1 US Dollar = 82.92 Russian Ruble
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CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Alerts Sign-Up, Investing, LifeStyle | Tagged: bonds, BP, CrowdStrike, MOEX, Rosneft, RTS Index, Russian Banks, Russian Ruble, russion oil, Sberbank | 1 Comment »













