Economy

Tansy_Gold

(18,054 posts) Sun Mar 6, 2022, 03:26 PM Mar 2022

STOCK MARKET WATCH -- Monday, 7 March 2022

STOCK MARKET WATCH, Monday, 7 March 2022

Previous SMW:
SMW for 4 March 2022

AT THE CLOSING BELL ON 4 March 2022

Dow Jones 33,614.80 -179.86 (0.53%)
S&P 500 4,328.87 -34.62 (0.79%)
Nasdaq 13,313.44 -224.50 (1.66%)

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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.

5 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Monday, 7 March 2022 (Original Post) Tansy_Gold Mar 2022 OP

Euro slides as war in Ukraine stokes inflationary shock - progree Mar 2022 #1

I'll see if I can find the comparable link Tansy_Gold Mar 2022 #4

Thanks! ❤️❤️ progree Mar 2022 #5

Commodities soar as war builds anxiety over supply shortages -- progree Mar 2022 #2

Little buying interest bucolic_frolic Mar 2022 #3

progree

(11,463 posts)

1. Euro slides as war in Ukraine stokes inflationary shock -

Reply to Tansy_Gold (Original post)

Sun Mar 6, 2022, 08:46 PM

Mar 2022

Yo_Mama_Been_Loggin
https://www.democraticunderground.com/113331750
https://www.msn.com/en-us/money/markets/euro-slides-as-war-in-ukraine-stokes-inflationary-shock/ar-AAUHQaJ

SINGAPORE (Reuters) - The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all.

The common currency dropped as much as 0.6% to $1.0864 in early Asia trade, its lowest since May 2020, opening the way to its 2020 trough around $1.0636.

Oil futures, which surged more than 20% last week, leapt 10% as the United States and Europe mull bans on Russian imports. European gas prices already hit a record on Friday.

Is it possible to have the Euro on the Stock Market Watch page - perhaps in place of the British Pound? Given that the Eurozone is about the same as the U.S. in population and 3/4 of the GDP?

Tansy_Gold

(18,054 posts)

4. I'll see if I can find the comparable link

Reply to progree (Reply #1)

Mon Mar 7, 2022, 01:18 PM

Mar 2022

I'm not real good at this tech stuff, but I'll see what I can do! Thanks for the suggestion.

progree

(11,463 posts)

5. Thanks! ❤️❤️

Reply to Tansy_Gold (Reply #4)

Mon Mar 7, 2022, 02:40 PM

Mar 2022

progree

(11,463 posts)

2. Commodities soar as war builds anxiety over supply shortages --

Reply to Tansy_Gold (Original post)

Sun Mar 6, 2022, 10:19 PM

Mar 2022

peppertree just posted this in this Economy Group -

https://www.democraticunderground.com/111692731

stealing a line from it --

Raw materials more broadly are on a tear this week - with aluminum up 13%; Brent crude oil, 15%; corn, 17%; and wheat, a whopping 41%.

Russia and Ukraine accounts for over 30% of global wheat exports, per the post.

It will be a rough day in the markets Monday. For sure in Europe, but in the U.S. as well.

S&P 500 futures are down 1.64% at 10:13 P.M. ET and headed further down.

bucolic_frolic

(47,003 posts)

3. Little buying interest

Reply to Tansy_Gold (Original post)

Mon Mar 7, 2022, 12:45 PM

Mar 2022

Ratcheting down. Bounces are small and temporary for the most part that I see. Surprised Europe and Asia continue to slump, but so does General Motors and our tech sector. I think people are nibbling for what they think will turn up if the war is a short one or a few months long. But the world is left with supply problems for a long time - food, energy, manufactured goods. Where to hide? On WealthTrack this week, Jonathan Clements laid out his common sense no frills ideas from his website humbledollar.com. For those not seeking anything sophisticated, like buy what's dirt cheap, rebalance, have a few cash flows, and sleep at night. Definitely worth a listen.

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