The Dow fell more than 100 points today after talks between Russia and Ukraine remain unconcluded.
At 9:31 p.m. Thai time, the Dow Jones Industrial Average stood at 33,758.40 points, minus 134.20 points, or 0.4%.
The Dow fell 0.5% yesterday as investors worried that tensions between Russia and Ukraine would intensify. After the ceasefire negotiations between the two delegations ended without any agreement.
The CBOE Volatility Index (VIX), a measure of investor anxiety on Wall Street, jumped 6.43 percent to 32.09.
Banking stocks plummet in today’s trading. In line with the decline in US government bond yields.
However, energy stocks rebounded following the surge in global oil prices. WTI oil prices rose above $101/barrel. Meanwhile, the price of Brent crude oil broke above $104/barrel.
Direct talks between the Russian and Ukrainian delegations to resolve the conflict between the two countries ended yesterday. without any conclusions And the two sides will hold the next round of talks on the Belarusian and Polish borders in the coming days.
US police tighten security in Washington, D.C. before President Joe Biden will deliver an annual policy statement (State of the Union) to Congress today.
Officials have built a fence around the US Capitol to prevent a repeat of the incident on Jan. 6, 2021, when some 2,500 supporters of former President Donald Trump stormed the Houses of Congress to block the count. Votes are expected to lead to a victory in the presidential election of Joe Biden.
In addition, Mr. Lloyd Austin, US Secretary of Defense It approved the deployment of 700 National Guard troops to work with US congressional police to deal with the People’s Convoy, a group of truck drivers protesting the government’s mandatory vaccinations and masks. Hygiene to control the spread of COVID-19 The convoy was heading towards Washington, D.C.
Biden to deliver first annual policy statement to Congress At the invitation of Mrs. Nancy Pelosi, Speaker of the United States House of Representatives Amid the crisis, the conflict between the United States and the West with Russia in the case of Ukraine
Biden will deliver a speech today (March 1) at 9:00 p.m. US time. or matches tomorrow morning (2 March) at 9:00 a.m. Thai time
Meanwhile, Federal Reserve Chairman Jerome Powell is due to deliver his semiannual statement on monetary policy and economic conditions to Congress on March 2-3, possibly expressing his opinion. on monetary policy to the public for the last time before the Fed starts raising interest rates at its March 15-16 meeting.
Powell will address the House Financial Services Committee on March 2 and the Senate Banking Committee on March 3. Both dates will begin. Up at 10:00 a.m. US time or 10:00 p.m. Thai time
The monetary policy statement will indicate the direction of US interest rates this year. Amid inflation, its highest spike in 40 years and signaling whether the crisis in Ukraine will affect the Fed’s monetary policy. After some Fed officials said The Fed will bring the impact of the conflict in Ukraine as a factor in its monetary policy considerations.
The US Department of Labor will release the number of nonfarm payrolls for February on Friday. While analysts predicted that The number of jobs will increase by 415,000 in the month.
Earlier, the US Department of Labor said Non-farm payrolls rose 467,000 in January. The unemployment rate rose to 4.0%, above analysts’ forecast of 3.9 percent.