22.05.2022
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Trading on the St. Petersburg Exchange and the results of the session in the US and Asia on the morning of May 3

Futures for US indices as of 10:50 Moscow time were trading in the green zone. Dow contracts Jones rose 0.16% to 33,035 points. S&P 500 futures are down 0.17% to 4158.25 points, NASDAQ 100 futures are up 0.06% to 13,081.75 points.

As a result of the trading session on Monday, March 2, the major US indices closed in positive territory. The S&P 500 rose 0.57% to 4155.38. NASDAQ Composite – by 1.63%, up to 12,536.02 points. The Dow Jones Industrial Average added 0.26% to 33,061.5 points.

On Wednesday, May 4, a meeting of the US Federal Reserve will be held, at which the key rate writes Bloomberg. The UK regulator is expected to take similar action a day later. The Central Bank of Australia has already raised the rate by 0.25 percentage points, to 0.35%, while a 0.15 percentage point increase was expected.

“We continue to believe that the right strategy now is to focus on inflation – this is an obvious fact – and not on recession which is still just a possibility,” concluded Solita Marchelli, investment director for the Americas at UBS Global Wealth Management.

How high inflation affects stocks, companies and the real estate market

Indices in the Asia-Pacific region showed a negative trend. The Japanese Nikkei 225 index fell by 0.11% to 26,818.46 points, Topix 500 — by 0.07% to 1,479.88 points. Korean KOSPI lost 0.26% and closed at 2680.46 points. The Hong Kong Hang Seng index as of 10:40 Moscow time fell by 0.11%, to a mark of 21,067.76 points. Trading on exchanges in mainland China is closed due to Labor Day celebrations.

The cost of July futures for Brent crude at 10:42 Moscow time fell by 0.57% to $106.97 per barrel. The price of June futures for WTI fell by 0.48% to $104.67 per barrel.

As of 10:19 Moscow time, the cost of June gas futures at the TTF hub in the Netherlands increased by 0.77% and amounted to €97.8 per 1 MWh, or $1,080.66 per thousand cubic meters. m, according to the ICE exchange.

Trading on the Moscow Exchange is suspended due to the May holidays. The SPB Exchange Index – SPB100 – rose by 0.04% to 785.19 points, according to trading data at 10:45 Moscow time.

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A macroeconomic term for a significant decline in economic activity. The main indicator of a recession is the decline in GDP for two quarters in a row. The main instrument of monetary policy of the country’s central bank. This is the interest rate that determines the minimum value of money in the country, affects the rates of loans, deposits, the size of the coupon of traded bonds. The Central Bank influences inflation and exchange rates by changing the key rate. For example, if the key rate rises, then loans and deposits become more expensive, and inflation is contained.

Source: RBC

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