Green trading in global stock exchanges and oil declines

The Chinese market is trying to restore the government’s stimulus statements
without taking concrete action, and resumes sales again
The Bank of Japan insists on devaluing the yen
Oil is under pressure under forecasts of weak global economic growth

Evest follows all this and more in the following report

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Russian GDP growth slows

Expectations of slowing US GDP growth

Dow Jones and Standard & Poor’s rise and Nasdaq loss

European stocks rise after falling streak

A green surge in Asian exchanges

Oil declines as US inventories rise

Russian GDP growth slows

Economic Development, to 1.6% year-on-year from 4.3% in February and 5.8% in January
according to a review “on the current economic situation” published on Wednesday evening

The ministry estimated GDP growth in the first quarter of 2022 to be 3.7% year-on-year
after growing by 5.0% in the fourth quarter of 2021

The Russian Federation’s stock market has risen over the past two days by more than 10%
although there are no significant reasons for a confident rally
This creates preconditions for investors to turn to earn profits in long positions in anticipation of a long weekend

As early as Thursday, this factor may contribute to a corrective decline in Russian securities
Under these circumstances, we can expect the Moscow Stock Exchange Index
to fall to a range of 2350-2400 points during trading

Expectations of slowing US GDP growth

Thursday’s macroeconomic events include the publication of weekly statistics on unemployment claims
and preliminary data on US GDP for the first quarter

The first estimate of U.S. GDP for the first quarter may show slower growth compared to the previous quarter
despite a strong labor market, which will return negative sentiment back to global markets

artical name Green trading in global stock exchanges and oil declines

Dow Jones and Standard & Poor’s rise and Nasdaq loss

S&P 500 index futures rose by 1.6%, and Dow Jones Industrial index futures rose by 0.8%
Futures in the high-tech Nasdaq index 100 rose by 2.4%
Changes in stock futures do not necessarily anticipate market movements after the opening bell

US stock futures advanced, with technology stocks on track to lead gains after Facebook’s Meta platforms
reported higher daily active users and better-than-expected net income

The prospect of a swift tightening of monetary policy by the Fed remains a major concern for investors
potentially plunging the US economy into recession
Market participants are also concerned about the coronavirus outbreak in China
slowing growth of the world’s second-largest economy, and events in Ukraine

European stocks rise after falling streak

European stocks rose on Thursday after a three-day losing streak
The Stoxx Europe index rose by 0.8% in morning trading
The energy and consumer goods sectors led the gains while the discretionary consumer goods sector lost

Delivery Hero rose by 6% to break a four-day losing streak and Whitbread jumped 2.6%

Only the British FTSE 100 index rose by 0.5%
Other stock indexes in Europe also rose as France’s CAC 40 rose by 1%
the UK’s FTSE 250 rose by 0.4% and Germany’s DAX rose by 0.9%

A green surge in Asian exchanges

Asia’s stock index growth prevailed on Thursday
Japan’s Nikkei rose 1.8%, China’s Shanghai Composite rose 0.4%
Hong Kong’s Hang Seng rose 1.1%
and U.S. stock futures rose confidently (the S&P 500 futures contract grew 1.2%)

The Bank of Japan again kept the key criteria of monetary policy unchanged after the two-day meeting that ended on Thursday
The central bank said in a statement that the country’s economy is expected to grow at a slower pace this year
in light of the negative impact of the coronavirus outbreak and higher commodity prices due to the situation in Ukraine

Japan’s GDP growth forecast for the current fiscal year, which ends in March 2023, lowered to 2.9% from the 3.8% expected in January

In the meantime, estimates of last fiscal year’s increase worsened to 2.1% from the previously reported 2.8%
Meanwhile, the GDP forecast for 2023 was revised up to 1.9% from 1.1%

Retail sales in Japan rose by 0.9% in March year-on-year, while analysts expected an average increase of just 0.4%
Last month’s sales volume increased by 2% compared to February
This figure rose for the first time in four months
Analysts expected a 0.6% rise, according to Trading Economics

artical name Green trading in global stock exchanges and oil declines

Oil declines as US inventories rise

Prices in the oil market fell in the Asian session on Thursday
on the back of data on the weekly increase in US oil stocks

The cost of Brent crude futures for June was $104.63 per barrel (-0.7% and + 0.3% on Wednesday)
and WTI in June was $101.43 per barrel (-0.6% and + 0.3% yesterday)

As it became known from the US Department of Energy report
US commercial oil reserves increased by 691 thousand barrels last week
Experts surveyed by Bloomberg did not expect a change in inventory levels

In the meantime, the country’s gasoline reserves fell by 1.57 million barrels and distillates
by 1.45 million barrels
Experts expected an increase in gasoline stocks by one million barrels and a decrease in distillate stocks by one million barrels

In the meantime, traders’ concern over demand may be another factor behind the price fall
which is linked to the coronavirus outbreak in China and the introduction of restrictive measures in the country’s largest business hubs

artical name Green trading in global stock exchanges and oil declines

Green trading in global stock exchanges and oil declines

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