For the previous two years, the coronavirus has been the primary theme on this planet, and the monetary markets have been notably affected, because the restrictions that got here with the pandemic have been weighing on the investor sentiment. In the summertime of final yr we noticed a good enchancment within the sentiment, as Europe and the US reopened after a harsh winter, however the unfold of the Omicron variant late final yr weakened the sentiment once more.
However, it turned out that Omicron wasn’t too harmful, regardless of being widespread, so the investor sentiment began selecting up once more within the first two months of this yr. Then got here the battle in Ukraine, which has confirmed to be one other headache for buyers.
UK Brent Crude Oil Day by day Chart
UK Brent crude oil is near $120
Oil costs have been affected positively by this battle, though that’s a web destructive for each shoppers and funding. The pattern has been bullish for 2 years, because the preliminary coronavirus dip, however in the previous couple of weeks it has picked up unbelievable velocity, after bouncing off the 200 SMA (grey) on the every day chart.
Europe has been and is anticipated to proceed to be most affected by the warfare in Ukraine, due to the shut geographic proximity, and since Europe will get its fuel from Russia and Ukraine. The Eurozone Sentix investor confidence was anticipated to say no to five.1 factors in March, from 16.6 in February,
Eurozone March Sentix Investor Confidence – March 7, 2022
- March Sentix investor confidence -7.0 vs 5.3 anticipated
- Prior 16.6
Euro space investor morale has plunged, because of the Russia-Ukraine warfare, with the studying additionally plummeting from 14.0 in February to -20.8 in March – that is the bottom studying in almost a decade. That underscores how dangerous the outlook is for Europe in the intervening time, because the warfare scenario continues to play out.
