Tue, May 07, 2024

Bob Fetti

Companies and Russia

Sony and Nintendo Are Trying to Adapt to the New Reality

Nintendo Co Ltd and Sony Group Corp’s game division decided to suspend shipments of software and hardware to Russia following the invasion of Ukraine. Sony Interactive Entertainment suspended the launch of the racing game “Gran Tourismo 7”. Furthermore, it suspended the operations of the PlayStation Store in the country. Sony Group also decided to support …

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Fedex

Stocks in Asia Declined As Investors Analyzed Risk Factors

Stocks in Asia-Pacific declined on March 4, as investors continued to monitor Russia’s invasion of Ukraine.  In Hong Kong, the Hang Seng index led losses regionally as it declined 2.5% to close at 21,905.29, with shares of HSBC slipping 3.38%.  Mainland Chinese stocks declined on March 4. The Shanghai composite dropped 0.96% to end its …

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European stocks and Ukraine

Conflict in Ukraine and its Impact on European Stocks

Last month, Russia invaded Ukraine. The conflict is far from being over. Unsurprisingly, the situation in Ukraine continues to dominate headlines. European stocks were uncertain on Wednesday as the conflict between Russia and Ukraine continues. The pan-European Stoxx 600 gained 0.3% by early afternoon after declining 0.9% at the open. Autos dropped 1.7% while oil …

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US

U.S. stock futures were muted on the last day of February

U.S. stock futures were muted in extended trading on the last day of the month after another volatile day on Wall Street, as investors weighed intensifying Russian attacks on Ukraine and new sanctions imposed on Russia against the likelihood geopolitical uncertainty could knock the Federal Reserve off course for an aggressive first bump in interest …

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Russia and gas prices

War in Ukraine and its Impact on Gas Prices

On Thursday morning, Russia attacked Ukraine, sending shockwaves through financial markets and ratcheting up fears about the ramifications for gas supplies around the globe. The situation in the country is changing rapidly and specific reports from Ukraine are difficult to confirm. Unsurprisingly, European gas prices jumped on the news of the invasion. Meanwhile, international benchmark …

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Aviation and sanctions

British Airlines Can No Longer Use Russian Airspace

On Friday, British Airways and Virgin Atlantic began routing flights around Russian airspace after the U.K. and the Russian Federation banned each other’s airlines in tit-for-tat retaliation over Russia’s invasion of Ukraine.  While the extent of the longer-term fallout from Russia’s invasion of Ukraine was unclear, airlines have been asking Anchorage Airport in Alaska about …

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Amazon and its shares

U.S. Stocks Suffered Losses as Russia Attacked Ukraine

U.S. stocks declined on Thursday as the Russian Federation attacked Ukraine, causing global energy prices to jump and sending investors fleeing for the safety of fixed-income assets.  Russia’s actions in Ukraine come as global equity markets were already reeling because of decades-high inflation stemming from the Covid-19 pandemic. On Thursday, the S&P 500 was down …

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Stocks in Asia

Global Stocks Rose As Investors Monitor Putin’s Next Steps

World stocks rose on Wednesday, with investors waiting to see Russian President Vladimir Putin’s next move after the country’s leader sent troops into separatist regions of Ukraine.  The MSCI World Index, a leading gauge of equity gained 0.2%, helped by broad gains across European major bourses. The FTSE 100 added 0.3% and the pan-European STOXX …

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