Europæiske selskaber er gået foran i at trække sig ud af Rusland eller for at sætte midlertidigt stop for deres eksport og aktiviteter som følge af Ruslands angreb på Ukraine, men nu breder kampagnen sig til USA. Giganter som Apple, Netflix, Google, Meta og Microsoft kan komme under pres for at lukke ned for deres aktiviteter i Rusland. Det er et tema, som investorer vil følge nøje, pointerer Saxo Bank.
Financial Markets Today: Quick Take
Pressure on US companies to decide on Russian activities and assets. With more and more European companies divesting Russian assets or announcing temporarily export bans to Russia, the pressure will increase this week on US companies such as Apple, Netflix, Google, Meta, and Microsoft to make decisions. This is a key risk to monitor for equity investors.
Global equity markets are taking the uncertainties driven by the war in Ukraine in stride and generally rallied again yesterday, encouraged in part by a significant drop in bond yields, although a portion of the drop was wiped away overnight.
The coming days should indicate the degree to which the situation is registering with the US Federal Reserve, as Powell is set for semiannual testimony before Congress today and Thursday as the market has lowered expectations for the March FOMC meeting, now pricing high odds for a 25-basis-point hike.
Ukraine issues its first war bond. Ukraine has sold war bonds to fund armed forces. There is not much information regarding the issuance, however, Ukraine’s central bank imposed capital controls which will make it difficult for foreign investors to participate. It’s worth noting that the USD Ukraine bonds with maturity 2032 plunged to 30 cents on the dollar. Despite the war, Ukraine has already sent a coupon payment of $290mm.
