Russia’s military attack against Ukraine has also caused the fall of the main world stock markets. The Moscow stock market has suffered a decline of 38% in the day this Thursday.
The war that the Russian Army has started in Ukraine and the possible economic sanctions that the European Union and the United States will establish against Russia have caused natural gas to skyrocket by 60% and a barrel of oil to exceed the $100 barrier. In addition, the main European stock markets have fallen in the session this Thursday.
Specifically, the price of futures contracts natural gas traded on the Dutch platform TTF have shot up to 141.80 euros per megawatt hour (MWh), more than 60% above the price registered at the close of Wednesday.
This large increase has led this fuel to be traded at its highest price since December 22. In the last month of last year, natural gas futures reached their all-time high, exceeding 180 euros per MWh on the TTF platform, a benchmark for Europe.
On the other hand, the price of the brent barrel has marked a peak of 103.7 dollars, 7.11 percent above the price observed on Wednesday.
Russia is the second largest oil exporter after Saudi Arabia, but also the largest producer of natural gas.
As for the bags, the IBEX 35 It has fallen 2.86% in the session this Thursday, which has led it to end the day below 8,200 integers and touch its lowest level since February 2021.
The Ibex 35 has been the index that has fallen the least among the main Europeans. The FTSE 100 of London has yielded 3.82% in today’s session, like the CAC 40 of Paris and of DAX German. In addition, the FTSE MIB of Milan has lost more than 4%.
In addition, the main indices of the moscow stock exchange have closed with a fall of 38%, while the ruble has depreciated against the euro and the dollar.
Source: Eitb
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