May 18, 2022

Dubai Week

Complete Dubai News World


Recovery of global stocks and continued decline in oil prices

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Global stock markets rebounded yesterday on signs of progress in negotiations between Russia and Ukraine, and European stocks opened with strong gains yesterday, as did Asian and Wall Street markets as investors looked forward to the outcome of the peace talks between Moscow and Kiev. In Turkey.

The Pan-European Stoxx 600 index rose 8%, extending its gains for the third consecutive session, with continuous waves of selling on bonds.

Major U.S. stock indices rose early, and the Dow Jones Industrial Average opened trading on the Wall Street Stock Exchange, up 0.45% to 35114.35 points, while the benchmark Standard & Poor’s 500 Index was up 0.60% at 4,602. The Nasdaq Joint Index was up 1.01% at 14500.39 points.

Japanese stocks ended higher yesterday, following in the footsteps of US stocks last night, and car and shipping companies led the gains.

The Nikkei index was up 1.1% at 28,252.42 points and the broader topic index was up 0.93% at 191.66 points.

International oil prices continued to fall for the second day in a row in Asian markets yesterday, where West Texas Intermediate crude for US oil traded 7% lower at $ 105 a barrel yesterday. Fears that demand for crude oil will decline in light of the growing corona virus outbreak in China could lead to restrictions on its movement.


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