Per reporter: Wen Qiao Per editor: Gao Han
According to CCTV News, on February 11, local time, US National Security Adviser Jack Sullivan said at a press conference that US citizens should leave Ukraine in the next 24 to 48 hours. In addition, Sullivan said that US President Joe Biden is expected to have a telephone conversation with Russian President Vladimir Putin on the 12th to consult on the situation in eastern Ukraine.
Earlier, according to CCTV News, US President Joe Biden also issued a warning in an interview with NBC on the 10th, saying that all Americans in Ukraine should be evacuated immediately.
After Sullivan's comments, the three major U.S. stock indexes briefly turned down en masse. As of Friday's close, the Dow was down 1.43 percent at 34,737.93 points; the NASDAQ was down 2.78 percent at 13,791.15 points; and the S&P 500 was down 1.96 percent at 4,416.00 points, with all three major stock indexes down for two consecutive days and stopping for two weeks.
WTI March crude futures closed up $3.32, or 3.58 percent, at $93.10 a barrel, surging above $94 during the day, as a result of concerns about Russian energy sanctions and rising international oil prices, while Brent crude futures rose about 4.0 percent, refreshing their highest since 2014 to $95.20 a barrel.
Safe-haven demand also sent the 10-year Treasury yield down sharply, losing 2 percent. By the close of the day, the 10-year Treasury yield was closing at 1.918%, down 1.69%.
In addition, traditional safe-haven assets have also risen. COMEX gold futures closed up 0.18% at $1840.80 an ounce, up five days in a row and closing for the second consecutive week, up $33 or 1.8% for the week, the biggest weekly percentage gain in three months. Spot gold rose to a high of $1,860 at one point, the highest in nearly three months since November 19 last year, and finally closed at $1,858.58 an ounce, or 1.74 percent.
UBS analyst Art Cashin said the stock market sell-off had "a little to do" with the situation in Russia and Ukraine, but he believed the root cause was that the Fed did not seem to have a plan to deal with high inflation.
"It is conceivable that the stock will pull back again in the 10% range." John Lynch, chief investment officer at Comerica Wealth Management, said, "Growth and defensive equities may initially outperform the broader market, but value stocks and cyclical stocks may also be more suitable for a global cyclical recovery, so we encourage investors to stick to a long-term strategy during recent volatility." ”
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