Last week ended in the US stock market full sales of risky assets. On Friday, the shares of many large world companies have declined significantly during the trading against the comments of the head of the Federal Reserve System on the exit of inflation from under control, as well as the need for a sharp reduction in the balance, concerning the market for the onset of recession in the USA against the background of all this, etc. .
The main stock exchange index of the country - S & P500 (SPX) - decreased on Friday by 2.77%, which became the biggest one-day decline over the past one and a half months. The current value of S & P500 - 4271 p., However, the futures in front of today's discovery indicate a high probability of further decline, losing about 0.9% in the moment.
Such so-called risk-off sentiment are widely observed among traders and in the foreign exchange market. The dollar index (DXY) today in the morning climbed above the mark in the 101 point (101.67 at the time of writing this article, to be accurate). This is the highest index value since March 2020, when the market is very storming due to the start of the coronavirus pandemic. Now it is, in turn, already smooth exaltation against the background of expectations from tightening monetary policy. The resistance level by DXY is the mark of 102 points.
At the same time, the main European currencies - the euro and the British pound - were subjected to considerable sales both on Friday, so in Monday morning. The EUR / USD value has reached a mark of 1.0720 - it also repeats the levels of March 2020. The GBP / USD pair literally for two trading days already loses about 300 points to the dollar and is now trading at 1.2740. It is worth saying that, unlike the euro, here the potential of further fall is still significant. In the spring of 2020, the pair fell below 1.20.
What else happens in the markets
The Bank of Russia has changed the procedure for calculating the ruble exchange rate. Now the regulator will establish official currencies on the basis of data Mosbier about the weighted average course to the ruble on transactions concluded from 10:00 to 15:30 per MSC.
E. Macron won the second round of the presidential election in France.
The Central African Republic became the second country after El Salvador, which recognized Bitcoin as an official means of payment.
This week will be published a large number of reports of large companies. Among them are Coca-Cola, Apple, Google, Microsoft and many others. Now for investors the main question - "will they support the market or fall even further?".
Oleg Tinkoff is looking for potential buyers of its 35% share in the business of TCS Group.
After the imposition of sanctions, the largest Russian IT companies are subject to difficulty purchasing computing equipment - servers and data storage systems.
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