Economic and fundamental developments 28-02-2022 US session
28 Feb 2022 05:12 PM
Stocks in Europe and the US are under major pressure on account of the Ukraine-Russia war. Western governments have announced further sanctions against Russia. The Russian ruble dropped to an all time low amid the bearish sentiment.
The euro is weaker again on account of the conflict, while safe haven currencies like the Swiss franc and the Japanese yen are in demand.
Gold and silver are higher as dealers are snapping up assets that are considered to be lower risk. Palladium is outperforming due to supply concerns.
WTI and Brent crude have surged again as fears of an energy shortage circulate.