STOCK MARKET WATCH -- Monday, 28 February 2022

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 28 February 2022

Previous SMW:
SMW for 25 February 2022




AT THE CLOSING BELL ON 25 February 2022


Dow Jones 34,058.75 +834.92 (2.51%)
S&P 500 4,384.65 +95.95 (2.24%)
Nasdaq 13,694.62 +221.04 (1.64%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[Tansy_Gold]

1. Something tells me . . .

. . . this is going to be an interesting week. I'm going to try to check in a little more often than usual, just in case. . . .

[COL Mustard]

2. It'd be interesting to see a chart

Showing the ruble versus any western currency.

[Tansy_Gold]

3. I'll try to find one

Even though I'm not very good at that sort of thing.

[COL Mustard]

4. I imagine it would be a cliff

Like one of the ones Wile E. Coyote used to fall off on a regular basis.

[Tansy_Gold]

5. Russia braced for 'free fall' in rouble

https://finance.yahoo.com/news/russia-braced-free-fall-rouble-101939077.html

RUBUSD=X
+1.72%

RUB=X
-1.69%

USD=X
0.00%



Russia is braced for a collapse in the rouble after Western governments cut much of the country's financial system off from the global Swift payments network and pledged to freeze central bank assets in the most punishing sanctions to date.



On Sunday morning Russia’s central bank attempted to reassure the country’s financial system, saying it “has the necessary resources and tools to maintain financial stability”.



The sanctions include restricting the Russian central bank’s foreign-held reserves so that they cannot be used to prop up the country’s economy, and blocking several unnamed banks from using Swift, which lets banks communicate about international payments.

The former will make it harder for Russia’s central bank to prop up the rouble by liquidating assets to buy currency.

The Bank of Russia intervened in the currency markets last week, following Ukraine’s invasion, for the first time since 2014. Russia has $600bn (£450bn) in foreign exchange reserves and gold.

[progree]

6. Links: Rubles/Dollar. Also, Moscow Stock Exchange

Last edited Mon Feb 28, 2022, 08:51 AM - Edit history (3)

# Ruble to Dollar: https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1W (s: rouble)
# Moscow Stock Exchange (MOEX): https://finance.yahoo.com/quote/IMOEX.ME

Sorry don't know how to make either one a live image thing.

[Tansy_Gold]

7. As of approximately 6:00 p.m. MST

(Not sure I remember how to do this, but here goes nothin'.)


Per a post on Twitter, @Anonymous has taken down the Moscow Exchange. Someone however, was able to tweet this:

[img][/img]



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[progree]

8. Ruble has fallen below parity with the U.S. penny: 1 RUB: 0.0095 USD Feb 28, 2022, 05:41 UTC

that's 1141p EST on 2/27
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1D

[progree]

9. Moscow stock market postpones the opening...

Last edited Mon Feb 28, 2022, 08:51 AM - Edit history (1)

https://www.democraticunderground.com/100216414102
(no more info at all -- the headline is it)

# Ruble to Dollar: https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1W
# Moscow Stock Exchange (MOEX): https://finance.yahoo.com/quote/IMOEX.ME