Risk aversion returned to the markets after the US notified its allies that China has signaled its readiness to provide military support to Russia. The European Union announced that it intends to ban the export of luxury goods to Russia. Currently, talks are underway on the introduction of the fourth tranche of the sanctions. According to CNBC, a full trade embargo; limiting access to international waterways, prohibitions on nickel, uranium, titanium, and Russian entities' crypto assets are among the alternatives still on the table.
US100 took a hit following the White House announcement. Index is currently heading towards major support around 13000 pts which is marked with lower limit of the 1:1 structure and February lows. Should break ower occur, downward correction may deepen. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
