After Russian President Vladimir Putin sent troops into the two separatist regions in eastern Ukraine to maintain peace, the war tension between Ukraine and Russia escalated. Investors continued to pay attention to the development of the situation. U.S. stocks opened mixed on Tuesday (22nd). At the time of writing, the Dow Jones Industrial Average fell nearly 150 points or 0.39%, the Nasdaq Composite fell 0.03%, the S&P 500 rose 0.01%, and the Philadelphia Semiconductor Index rose 0.86%.
Russian President Vladimir Putin recently signed an order recognizing the two separatist republics in eastern Ukraine as independent entities and sent troops into the east of Ukraine to carry out a “peacekeeping operation”. Western countries feared that the move would trigger a major war and threatened sanctions.
U.S. President Joe Biden has signed an executive order restricting trade and investment between U.S. individuals and two separate regions of eastern Ukraine, which Russia has recognized as independent, in anticipation of broader sanctions around the world.
In Europe, Britain on Tuesday announced targeted economic sanctions on five Russian banks and three wealthy individuals. British Prime Minister Boris Johnson said that Russia will violate Ukraine’s sovereignty and tore up international law, and the United Kingdom will carry out the first wave of sanctions, and if there is a full-scale invasion, there is much more to be done. But he also said there was still an opportunity to resolve the crisis through diplomacy.
In addition, the threat of more penalties and supply disruptions have sent energy prices soaring, with U.S. West Texas crude oil rising 3.38% to 94.15 a barrel by the time of writing. DollarBrent rose 4.75% to 97.98 a barrel Dollar. U.S. 10-year Treasury yields fell from recent highs to 1.9370% by press time, as investors began to move into safe-haven assets such as bonds.
cryptocurrencyOn the other hand, it was also affected by investors’ risk aversion towards Russia and Ukraine. According to CoinGecko data, Bitcoin rose 0.1% within 24 hours to 37,787.09 Dollarfell below 40,000 last weekDollarAfter the level, the price remains at 38,000Dollarthe following;etherReport 2,609.07 Dollardown 0.5% in 24 hours.
As of 22:00 on Tuesday (22nd) Taipei time:
- The Dow Jones Industrial Average fell 131.80 points, or 0.39%, to 33,947.38
- The Nasdaq Composite fell 3.72 points, or 0.03%, to end at 13,544.35
- The S&P 500 rose 0.44 points, or 0.01%, to trade at 4,349.31
- Feihan rose 28.95 points or 0.86% to temporarily report 3,413.25 points
- TSMC ADR fell 1.03% to 118.08 per share Dollar
- 10-year U.S. Treasury yield fell to 1.9370%
- New York Light crude oil rose 3.38% to 94.15 a barrel Dollar
- Brent crude rose 4.75% to 97.98 a barrel Dollar
- Gold rose 0.27% to 1,905.00 an ounce Dollar
- DollarIndex fell to 96.010
Stocks in focus:
The Home Depot (HD-US) fell 3.87% to 333.45 per share in early trade Dollar
Home Depot reports fourth-quarter earnings pre-market, revenue rises 11% to $35.72 billionDollaradjusted earnings per share reported 3.21 Dollarboth better than Wall Street analysts’ expectations of 34.87 billion and 3.18 DollarIn 2022, full-year revenue is forecast to be “slightly up” and earnings per share to grow in the low single digits.
Macy’s (M-US) rose 3.77% to 26.67 per share in early trade Dollar
Macy’s reports strong fourth-quarter earnings, with revenue of $8.67 billionDollaradjusted EPS of 2.45 Dollarboth better than market estimates of 8.47 billion and 2 Dollarand the company announced that it will launch 2 billionDollarstock repurchase program and a 5% cash dividend increase.
Tegna(TGNA-US) rose 7.16% to 22.45 per share in early trade Dollar
TV operator Tegna is said to be offered 24 per share by Standard General and Apollo Global Management DollarDollarIn the acquisition, the buyer agreed to pay an additional per-share amount for the regulator’s monthly review after the initial period, considering the deal’s potential antitrust scrutiny, the people said. Apollo Global Management will receive Tegna’s preferred stock, but will not have voting rights, and said the talks have not yet reached a final decision and could still fail.
Today’s key economic data:
- The FHFA house price index in the United States increased by 1.2% in December last year, expected to be 1%, and the previous value was 1.1%
- The initial value of the U.S. Markit manufacturing PMI index in February was 57.5, 56 was expected, and the previous value was 55.5
- The U.S. Conference Board Consumer Confidence Index in February was at 110.5, expected to be 110, and the previous value of 113.8
Wall Street Analysis:
Masahiro Ichikawa, asset management strategist at Sumitomo Mitsui DS, said that if international oil prices rise sharply above 100 DollarU.S. gasoline prices will rise and inflation will accelerate further, forcing the Federal Reserve to consider a faster pace of interest rate hikes.
Tom Essaye, founder of Sevens Report Research, said the stock sell-off is benign for now, as the market still has to see how severe sanctions on Russian oil or other commodities will be, while as for Ukraine, investors will wait for the West to announce sanctions on Russia. Sanctions, how severe the sanctions are, the selling pressure on the stock market today is likely to increase relatively.
cryptocurrencyExchange Bitbank analyst Yuya Hasegawa said Bitcoin’s safe-haven argument has almost completely collapsed as the possibility of a military conflict between Russia and Ukraine has risen and U.S.-Russian relations have deteriorated, pushing the broader financial market into a risk-off mode.
22V Research analyst John Roque said that in the vortex of the Russia-Ukraine situation, Bitcoin’s performance is obviously weaker than gold.It is estimated that with the rise of risk aversion, investors are increasingly favoring gold, and the inflow of funds may make the prices of gold and silver rise to record highs, and Bitcoin is likely to further fall below 30,000.Dollarmark.