NEWSLETTER
Thursday / September 29Sep 29
Wednesday / February 16
Europe tensions persist
US President Joe Biden urged Russia on Tuesday to step back from the brink of war, saying reports that Russia had withdrawn some of its forces from the Ukrainian border remained unconfirmed.
Biden also announced that Putin and he agreed to stay in touch, adding, the US was proposing new arms control and other measures to Russia. He insisted that diplomacy could be given a chance to succeed.
Biden said the United States "did not seek direct confrontation with Russia", but added if Russia attacked Americans in Ukraine, "we will respond strongly." Biden pledged to defend his NATO allies, reiterated they would not fight in Ukraine.
Biden said the US and NATO allies are ready no matter what, and that if Moscow launches an invasion, Russia will pay an immence economic price.
He said a Russian attack on Ukraine was a possibility and reports that some Russian forces had moved away from the Ukrainian border have yet to be confirmed by the United States.
"We are prepared to respond decisively to a Russian attack on Ukraine, which is highly probable," Biden said. Biden ended the press conference without taking questions.
Wall Street reacts
While the Russian Ministry of Defense said that it started to send some of its soldiers back to their bases after the exercises near the Ukrainian border, the US markets responded positively.
The Dow Jones rose 422.67 points, or 1.2%, to 34,988.84, helped by a 3.7% jump in Boeing. The S&P500 was up 1.6% to 4,471.07. The tech-heavy Nasdaq Composite rose 2.5% to 14,139.76. All three major indices fell in the previous three sessions. The S&P 500 is about 7% behind the record level. The small-scale benchmark Russell 2000 rose 2.8% on Tuesday.
"If Russia invades, we will rally the world," Biden said. He stated that sanctions by Washington and its allies would undermine Russia's ability to compete economically and strategically.
WTI crude oil prices fell roughly 3.6%, while the 10-year Treasury yield rose to 2.04% as tensions appeared to subside. The VanEck Russia ETF, a US-traded fund that invests in major Russian stocks, was up 5.8%.
Airline and cruise shares led the winners, while energy companies were the biggest losers as oil prices fell. American Airlines 8.1% and Carnival Corp. increased by 6.7%. Exxon Mobil lost 1.3% and ConocoPhillips 2%. Netflix rose 2.8% and Tesla rose 5.3%. Zoom Video was up 3.4%.
Donbass independence
The lower house of Russia's parliament voted on Tuesday asking President Vladimir Putin to recognize the independence of two Russian-backed separatist regions in eastern Ukraine. The European Union told Moscow not to proceed with a recognition.
"Kiev does not comply with the Minsk agreements. Our citizens and compatriots living in Donbass need our help and support," State Duma Spokesman Vyacheslav Volodin said on his social media account.
US President Joe Biden urged Russia on Tuesday to step back from the brink of war, saying reports that Russia had withdrawn some of its forces from the Ukrainian border remained unconfirmed.
Biden also announced that Putin and he agreed to stay in touch, adding, the US was proposing new arms control and other measures to Russia. He insisted that diplomacy could be given a chance to succeed.
Biden said the United States "did not seek direct confrontation with Russia", but added if Russia attacked Americans in Ukraine, "we will respond strongly." Biden pledged to defend his NATO allies, reiterated they would not fight in Ukraine.
Biden said the US and NATO allies are ready no matter what, and that if Moscow launches an invasion, Russia will pay an immence economic price.
He said a Russian attack on Ukraine was a possibility and reports that some Russian forces had moved away from the Ukrainian border have yet to be confirmed by the United States.
"We are prepared to respond decisively to a Russian attack on Ukraine, which is highly probable," Biden said. Biden ended the press conference without taking questions.
Wall Street reacts
While the Russian Ministry of Defense said that it started to send some of its soldiers back to their bases after the exercises near the Ukrainian border, the US markets responded positively.
The Dow Jones rose 422.67 points, or 1.2%, to 34,988.84, helped by a 3.7% jump in Boeing. The S&P500 was up 1.6% to 4,471.07. The tech-heavy Nasdaq Composite rose 2.5% to 14,139.76. All three major indices fell in the previous three sessions. The S&P 500 is about 7% behind the record level. The small-scale benchmark Russell 2000 rose 2.8% on Tuesday.
"If Russia invades, we will rally the world," Biden said. He stated that sanctions by Washington and its allies would undermine Russia's ability to compete economically and strategically.
WTI crude oil prices fell roughly 3.6%, while the 10-year Treasury yield rose to 2.04% as tensions appeared to subside. The VanEck Russia ETF, a US-traded fund that invests in major Russian stocks, was up 5.8%.
Airline and cruise shares led the winners, while energy companies were the biggest losers as oil prices fell. American Airlines 8.1% and Carnival Corp. increased by 6.7%. Exxon Mobil lost 1.3% and ConocoPhillips 2%. Netflix rose 2.8% and Tesla rose 5.3%. Zoom Video was up 3.4%.
Donbass independence
The lower house of Russia's parliament voted on Tuesday asking President Vladimir Putin to recognize the independence of two Russian-backed separatist regions in eastern Ukraine. The European Union told Moscow not to proceed with a recognition.
"Kiev does not comply with the Minsk agreements. Our citizens and compatriots living in Donbass need our help and support," State Duma Spokesman Vyacheslav Volodin said on his social media account.
