global stock markets decline and Bitcoin is at its lowest level in 5 months
Global stock markets declined again on Monday, remaining in the direction of last week
with concerns about activity in China and the consequences of the war in Ukraine
Evest follows market developments in the following report
topic
A sharp decline in the Japanese stock exchange
Oil prices approached 11-year highs
Growing COVID-19 concerns in China push oil downward
EU negotiations on importing oil from Russia
Bitcoin is falling to its lowest levels since January Ethereum is at three-month lows
A continued decline in Europe
On Friday, the global market index MSCI ended its fifth consecutive week of decline
as interest rates in Europe and the United States continued to rise to levels not seen in several years
On Monday, the downward trend continued, but to a lesser extent in Europe
After opening explicitly in the red zone, the indices limited their losses in the first exchanges
Paris declined by 0.25%, London by 0.11%, Frankfurt declined by 0.08% and Milan declined by 0.03%
In Switzerland, the main SMI index lost 0.49%
A sharp decline in the Japanese stock exchange
In Asia, Tokyo ended a steep decline of 2.53% and remains deeply concerned about
rising interest rates in the United States and inflation in the United States
The Shanghai index rose by 0.09% in the latest trading, with Hong Kong closed
China’s exports in April grew at their weakest pace in nearly two years (+ 3.9%)
with Shanghai severely compromising economic activity
The restrictions spread across the country: Millions of Beijing residents work from home on Monday after
a new round of anti-Covid actions, giving the Chinese capital of 22 million people the appearance of a ghost town
In addition, the G7 meeting at the weekend could spoil the mood
On Sunday, the G7 countries accused Vladimir Putin of shaming Russia by invading Ukraine
and pledged to abandon Russian oil, without giving a specific timetable
On Monday, Russia celebrated its victory over Germany
with Russian President Vladimir Putin on Sunday ramping up comparisons between
World War II and the conflict in Ukraine that continues to darken the world’s economic outlook
Oil prices approached 11-year highs
In the bond market, the yield on US 10-year government bonds remained high, at 3.14%
not far from 3.26%, the highest level in the last 11 years
Rates in Europe, particularly in Italy, also rose at the same level, to 3.188%
slightly further from Germany’s reference rate of 1.131%
Growing COVID-19 concerns in China push oil downward
A barrel of Brent oil traded in international markets at $112.10 on the first working day of the week
The price of Brent oil barrels, which rose to $113.50 on Friday, ended the day at $112.39
The price of a barrel of Brent oil became $112.10, down 0.25% from the closing date
In the meantime, WTI oil found buyers at $109.33 per barrel
There is concern that China’s new type of COVID-19 pandemic measures could cause
a recession in the global economy and could negatively affect global oil demand
The lack of any easing of the “zero tolerance” policy regarding the COVID-19
pandemic in China and the tightening of measures in Shanghai
the country’s financial hub, are raising concerns of increased global inflationary pressure
On the other hand, Saudi Arabia’s announcement of lower oil prices increases
the sense of lower global oil demand and limits prices
The country is expected to cut crude oil prices for June for buyers in Asia and Europe
artical name global stock markets decline
EU negotiations on importing oil from Russia
Negotiations by EU member states to determine the scope of the new sanctions package
which also includes an embargo on oil imports to Russia, are continuing
According to international press reports, the EU Commission proposed some changes
in the content of the sanctions package because of opposition from some member states
Under the change in the package, Hungary
Slovakia and the Czech Republic will be given additional time to import oil from Russia
In this process, these countries will develop their own oil pipeline infrastructure
Hungary and Slovakia will be allowed to receive Russian oil via pipelines until the end of 2024
and the Czech Republic will be allowed until mid-2024
The G7 countries announced on Sunday that they would phase out or completely
cut off oil imports from Russia as part of the new sanctions package
artical name global stock markets decline
Bitcoin is falling to its lowest levels since January Ethereum is at three-month lows
Bitcoin declined to its lowest level since January on Monday as stock markets continued to hit cryptocurrencies
which are currently trading in line with so-called high-risk assets such as technology stocks
Bitcoin fell to as much as $33,266 in morning trading, testing January’s low of $32,951
The decline from this level will be the lowest since July of last year
Trading then stabilized at around $33,500, down 1.4 percent
The high-tech Nasdaq fell by 1.5% last week, losing 22% year to date
hit by the prospect of continued inflation that forced the U.S
Federal Reserve to raise interest rates despite slowing growth
Nasdaq futures fell by 0.8% in Asian trading on Monday morning
Ethereum, the world’s second largest cryptocurrency, which supports the Ethereum network
fell to $2,421 on Monday, its lowest level since late February.
artical name global stock markets decline