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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.

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