We had a change of scenery in the markets today, Friday, after yesterday’s nightmarish price increases, mainly in natural gas, but also in oil. Oil arrived yesterday at $ 100 a barrel, to fall today to $ 97. Gas jumped to at least yesterday 140 euros per megawatt hour to escalate today to 93 euros per megawatt hour.
At the same time, the stock markets were all “in the green” today in Europe, Asia and America with a positive sign.
Because we had a “change of scenery” in the markets
The paradox is that Russia is sending more gas to Europe, supplying more pipelines, and sanctions have played a role. Secondly, the markets feared yesterday that the imposition of sanctions on Swift was imminent, something that was not done for the time being, while the sanctions that were imposed did not affect gas or oil exports.
What is the international Swift system?
The Swift global payment system is a “global switch” that if you download it can not make any payments to the financial system to and from Russia, something that is estimated to affect 4% of the country’s GDP, but would also affect Europe’s economy would be at risk of running out of gas.
What about today’s sanctions
However, the current sanctions imposed on Russia for the attack on Ukraine are also significant, as they are a blow. in 17% of the banking sector of the country. Sanctions have been imposed on five Russian banks that have been blacklisted and are being expanded. The cards of these banks are invalid abroad can not be used by bank customers, while in Russia they can not use popular services such as Google pay and Apple pay. At the same time, there has been a brake on exports of specific products, deposits in Europe have been “frozen” in the listing of companies on the Stock Exchanges and bond markets.
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