Market Wrap: Talks between Ukraine and Russia fail and inflation achieves a 40-year high

Von Krypto News Österreich

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  • Talks between Ukraine and Russia about an armistice and humanitarian corridors on Thursday did not bring any progress
  • The US core CPI rose by 0.8 % in February, which increased Inflation by 7.8 % in the year, the highest level since 1982

! Function () {"Use strict"; Window.Addeventlistener ("Message", (function (e) {if (void 0! == e.data ["datawrapper-Height"]) {var t = document.queryselectorall ("iframe"); for (var a in E.Data ["Datawrapper-Height"]) for (var r = 0; r The Foreign Minister of Ukraine and Russia spoke on Thursday at a meeting at the invitation of the Turkish Foreign Minister about the implementation of an armistice and the establishment of humanitarian corridors for refugees.

The Foreign Minister of Ukraine, Dmytro Kuleba, called for a 24-hour ceasefire and an open path from Mariupol for civilians. Russia's Sergei Lawrow did not agree and referred to proposals that had already been made by Russia, which demanded a demilitarized Ukraine.

"I have made Minister Lawrow a simple proposal: I can now call my Ukrainian ministers, authorities and presidents and give them 100 percent assurances for security guarantees for humanitarian corridors," said Kuleba called . "I asked him: 'Can you too?' And he didn't answer."

The lack of consensus between the two nations increased the fears that a diplomatic termination of the conflict could not be realistic.

The consumer price index report from February contributed to the market uncertainty, which showed that inflation is still increasing.

The consumer price index has increased 0.8 % in February, which increases the annual inflation to 7.9 % since January 1982.

The US shares opened significantly lower and closed despite the climb during the day. The S&P 500 fell by 0.43 % and the Nasdaq and Dow stumbled by 1.10 % and 0.34 %.

crypto markets that rose on a sudden yesterday lost most of their profits when investors sold. Bitcoin was in minus by up to 8 % by noon, but ended the stock trade with a minus of almost 5.7 %. Ether also suffered a blow and fell by 3.91 %until the end of the stock trading.

stacks, a layer 1 blockchain that aims to bring decentralized applications (DAPPS) to Bitcoin, was the greatest winner of the day among the top 100 coins after market capitalization with an increase of 21.7 %.

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go forward

Bitcoin had a significant decline on Thursday, but remained above his previous low. The cryptocurrency has now experienced a number of higher lows, which indicates that it consolidates itself and prepares for a larger volatile movement up or down. Investors should prepare for the FED session next Wednesday, which is likely to change the Federal Funds Rate. While an increase of 25 basis points is expected, the continued growth inflation could lead to a steeper increase.

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The Post Market Wrap: Ukraine-Russia Talks Fail and Inflation Hits 40-Year High is not a financial advice.