October 4, 2022

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Positive EU futures, Versailles calls for ‘immediate’ Russia’s withdrawal from Investing.com

© Reuters.

Investing.com – Positive sentiment toward European stocks despite strong volatility in financial markets in this period of conflict in Ukraine led to heavy losses in Thursday’s session as well. The future is down 8 points, the future is pointing at +181 points at -4.2% tonight, the future is up 40 points while it is expected to be positive by 10 points after -3% yesterday.

A negative sign on the major Asian indices, which is down by 2%, selling by 1.3% while recording +0.4%, after the US Securities and Exchange Commission tightened its audits of Chinese companies listed on Wall Street. According to Yum China Holdings, owner of KFC, Taco Bell and Pizza Hut restaurants in China, it could lead to delisting from the New York Stock Exchange “by 2024.”

Meanwhile, in reaction to US sanctions, Vladimir Putin’s government agreed to ban exports of 200 products “at least until the end of this year”. The suspension includes telecommunications and medical equipment, vehicles, electrical products, and other forest products such as timber and agricultural products, such as wheat, barley, rye and corn. The Russian Ministry of Economy defended the decision, saying it was a “reasonable response to those imposed on their country”, which is defined as “hostile acts”.

In Versailles, the summit of EU leaders continues after the publication of a joint statement last night in which Moscow was asked to halt military action and to withdraw “all military forces from the entire territory of Ukraine immediately and unconditionally” with full respect for the territorial integrity, sovereignty and territorial integrity. Ukraine’s independence within its internationally recognized borders.

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Among the major macroeconomic events, after the UK forecast, CPI is expected for Spain and Germany, while
For the US, we’ll know the University of Michigan consumer confidence and the number of oil rigs, Baker Hughes.

Follow the most important events of the day in our economic calendar: https://it.investing.com/economic-calendar/

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