Here are the most important news, trends and analysis investors need to start their trading day:
Traders on the floor of the New York Stock Exchange, March 21, 2022.
US Stock Futures rose on Thursday as NATO leaders were trying to find ways to further pressure Russia to invade Ukraine. the Dow Jones Industrial Average on Wednesday it fell nearly 450 points, or 1.3%, its worst day since march 7. the down, the S&P 500 and the nasdaq all fell on Wednesday for the second session in the last three, following the best weekly gains last week since November 2020. A roughly 5% rise in US oil prices on Wednesday stocks. The 10-year yield on Thursday was about 2.4%while the American crude was constant.
The government released two keys united states economic reports before the opening bell on Thursday: jobless claims and durable goods. First-time jobless claims for the week ending March 19 fell 28,000 to 187,000, lower than expected and the lowest level since early September 1969. February Durable Goods Orders fell 2, 2%, more than double the estimated fall.
The generally strong job market and runaway inflation are being watched carefully by the Federal Reserve, which at last week’s meeting raised interest rates for the first time in more than three years. Federal Reserve Chairman Jerome Powell on Monday left the door open for more aggressive rate hikes as the year goes on.
President Joe Biden and world leaders opened three emergency meetings in Brussels on Thursday to address Russian war in Ukraine: a NATO summit, a G-7 summit and a European Union summit. Biden will attend all three.
- British Prime Minister Boris Johnson said Thursday that Russian President Vladimir Putin crossed a red line to barbarism, shortly after the UK announced more sanctions aimed at putting pressure on Moscow.
- In a video address, President of Ukraine Volodymyr Zelenskyy urged Western nations to take “serious steps” to help his country fight Russia. Zelenskyy also said, without evidence, that Russia used phosphorous bombs in an attack.
Poland and other NATO eastern flank countries are looking for clarity about how the United States and other European nations can help deal with their growing concerns about Russian aggression, as well as the growing Ukrainian refugee crisis. Biden is scheduled to visit Poland on Friday.
- Shortly before returning to Washington on Saturday, according to the White House, the president is expected to deliver remarks on the “united efforts of the free world to stand with the people of Ukraine, hold Russia accountable for its brutal war, and defend a future that has its rooted in democratic principles”.
black rock CEO Larry Finck said on Thursday that the conflict between Russia and Ukraine could end up accelerating digital currencies as a tool to settle international transactions. in a letter to shareholders of the world’s largest asset manager, Fink said the war has put an end to the forces of globalization at work for the past 30 years. also he said, “Energy security has joined the energy transition as the highest global priority”. Oil prices have soared as sanctions on Moscow prompted companies and countries to reassess supply chains and try to reduce reliance on Russian commodities.