Stock market -Global stocks dey mixed as dem dey worry over Russia-Ukraine war dey loom

Currency traders dey watch dia computer monitors near di screens wey dey show di Korea Composite Stock Price Index (KOSPI), left, di foreign exchange rate between U.S. dollar and South Korean won, center, and di Korean Securities Dealers Automated Quotations (KOSDAQ). for foreign exchange dealing room for Seoul, South Korea, Wednesday, Nov. 20, 2024.

Di morning sun dey shine on Wall Street for New York Financial District on Tuesday, Nov. 19, 2024.

World stocks dey mixed on Wednesday, despite gains on Wall Street, as worries dey mount over escalations for di Russia-Ukraine war.

For inside Tuesday, Ukraine come dey fire plenty American-supplied longer-range missiles for Russia, according to di official, marking di first such use in nearly 1,000 days of war.

On di same day, Russian President Vladimir Putin formally lower di threshold for Russia use of its nuclear weapons.

Britain FTSE 100 rise 0.1% to 8,108.45 afta di Office for National Statistics report say di inflation rate pick up to 2.3% for October, sharp increase from di 1.7% rise wey dem record for September.

Germany DAX add 0.6% to 19,173.08, while di CAC 40 for Paris dey up 0.5% to 7,268.87.

Di futures for di S&P 500 and di Dow Jones Industrial Average dey up 0.3%.

For Japan, di Nikkei 225 slip 0.2% to 38,352.34 afta di Finance Ministry report say di country record trade deficit for October, for fourth straight month.

Exports rise 3.1% from year earlier as weak yen and di rising price of energy keep import costs high.

Trade deficit dey occur when di country dey import more goods and services than e dey export.

Shares of Seven & i Holdings Co., di company wey get over 80,000 7-Eleven convenience stores worldwide, soar 8.4%.

On Wednesday afta local media report say di founding family plan to raise over 8 trillion yen ($51.66 billion) to take di company private within this financial year.

China central bank announce say e go keep its benchmark lending rates unchanged afta e cut its one-year lending rate to 3.1% for October.

Hong Kong Hang Seng edge 0.2% higher to 19,705.01, and di Shanghai Composite gain 0.7% to 3,367.99.

Australia S&P/ASX 200 dip 0.6% to 8,326.30. South Korea Kospi add 0.4% to 2,482.29.

On Tuesday, di S&P 500 rise 0.4% to 5,916.98 afta e erase early drop of 0.7%.

Di Nasdaq composite also shake off early loss to turn 1% higher to 18,987.47, while di Dow Jones Industrial Average slip 0.3% to 43,268.94.

Nvidia 4.9% climb account for most of di index gain.

Di chip company stock rally ahead of its profit report for di latest quarter, wey dey come later Wednesday, and vault its gain for di year to nearly 197% thanks to di craze around artificial-intelligence technology.

Di worries on di Ukraine-Russia conflict send investors into U.S.

Treasury bonds, wey dem see as some of di world safest investments.

Di rise in dia prices in turn lower dia yields, and di 10-year Treasury yield fall to 4.39% from 4.41% late Monday.

Gold also rise 0.6% and recover some of di losses e sustain following Donald Trump victory for di U.S. presidential election, as investors herd into places traditionally considered safer during times of trouble.

Walmart climb 3% afta e top forecasts for both profit and revenue.

Di nation biggest retailer talk say e see broad-based strength across its categories, including sales made both online and in stores.

E also talk say e serve more upper-income households, while e raise its forecasts for sales and profit for di full year.

Lowe’s likewise deliver bigger profit and revenue for di latest quarter than analysts expect, but its stock nevertheless drop 4.6%.

One report for di morning talk say construction crews break ground on fewer new homes last month than economists expect, and rival Home Depot slip 0.9%.

Oda big companies set to report dia latest quarterly results this week include Target on Wednesday and Deere & Co. on Thursday.

For oda dealings early Wednesday, benchmark U.S. crude oil edge 30 cents higher to $69.54 per barrel in electronic trading on di New York Mercantile Exchange.

Brent crude, di international standard, add 25 cents to $73.56 per barrel.

Di dollar rise to 155.63 Japanese yen from 154.54 yen. Di euro slip to $1.0574 from $1.0598.

Oil prices climb as market weigh Ukraine war escalation

Oil edge higher on Wednesday as concerns about escalating hostilities for di Ukraine war potentially disrupting oil supply from Russia outweigh data wey show rising U.S. crude stocks.

Brent crude futures for January dey up 49 cents, or 0.7%, to $73.80 per barrel at 1313 GMT. U.S.

West Texas Intermediate crude futures for December, wey go expire on Wednesday, dey up 71 cents, or 1%, to $70.10, while di more active WTI contract for January dey up 56 cents, or 0.8%, at $69.80.

Di escalating war between major oil producer Russia and Ukraine don keep floor under di market this week.

“We fit expect (Brent) oil prices to stay supported above di $70 level for now, as market participants continue to monitor di geopolitical developments,” talk Yeap Jun Rong, market strategist for IG.

On Tuesday, Ukraine use U.S. ATACMS missiles to strike Russian territory for di first time, Moscow talk, while Russian President Vladimir Putin lower di bar for possible nuclear attack.

“Di price action for di oil market don dey relatively uneventful post-U.S. election, with some pick-up in di past couple of days due to temporary production outage for di North Sea and further escalation in di nature of di confrontation for Ukraine,” talk Harry Tchilinguirian, head of research for Onyx Capital Group.

Norway Equinor on Wednesday talk say e restore full output capacity for di Johan Sverdrup oilfield for di North Sea following power outage.

Equinor last month talk say di field dey produce at peak capacity of around 755,000 barrels of oil equivalent per day (boed).

On di demand side, U.S. crude oil stocks rise by 4.75 million barrels for di week wey end Nov. 15, market sources talk on Tuesday, citing American Petroleum Institute figures.

Dat na bigger build than di 100,000-barrel increase wey analysts wey Reuters poll dey expect.

Gasoline inventories, however, fall by 2.48 million barrels, compared with analysts’ expectations for 900,000-barrel increase.

Distillate stocks also fall, shed 688,000 barrels last week, di sources talk.

Official government data dey due later on Wednesday.

“If we get confirmation of di API preliminary crude stock build figure, di market likely go retrace lower to di levels wey dem see at di start of di week,” Onyx Capital Tchilinguirian talk.

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook