Russia officially annexes the occupied regions of Ukraine

2:32 pm 29 September 2022

The Kremlin informs that due to the results of the recent referendum, the four territories occupied by Russia will be officially annexed tomorrow. This is in line with previous expectations and may lead to an even greater escalation of the conflict, as earlier Moscow announced that in the event of an attack by Ukraine on Russian territory, a nuclear response could occur.

As one can notice, we have a combination of several factors, such as the sabotage of the Nord Stream system and the annexation of the occupied territories. Despite yesterday's recovery, the end of this month may be very nervous for stock traders.

In addition, it is worth noting that Germany reports a slightly increased demand for gas recently, due to the drop in temperatures. According to the ministry of energy, the demand must be reduced by 20% in order not to run out of gas in the winter season.

In addition, the German federal government is to announce an aid package worth nearly EUR 200 billion (nearly 5% of Germany's GDP) which aims to prevent high energy prices, Handelsblatt reported. More details will be released at 1:00 p.m. BST.

EURUSD strenghtened slightly, however we are not seeing any major reaction on the gas market. EURUSD is trading above the 0.9700 level. Source: xStation5

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.