The tendency to avoid risk persists

The external background of Tuesday can be called ambiguous: oil and metal prices are rising, and the mood on world stock markets is mostly pessimistic. 

Yesterday, trading on the US stock exchanges ended with a decrease in the three main indices by 0.1-0.6%, this time the Dow Jones Industrial Average sank the most. Investors are still playing off the «hawkish» tone of Fed Chairman Powell in his speech, who said that nothing can prevent the regulator from raising interest rates by 50 basis points at the next meeting, as well as actively fighting inflation in general. 

Trading in Europe ended yesterday with a decrease in the Euro Stoxx 50 index by 0.5% after data on another acceleration of German industrial inflation in February (from 25% to 25.9% y/y). Today, attention should be paid to the speech of ECB head Lagarde, who said the day before that the regulator's policy would differ from the Fed's rhetoric.

Trading in Asia does not show a single dynamic – the Japanese Nikkei 225 rose by 1.5% after a long weekend. At the same time, the Japanese authorities urge residents of the country to save electricity against the background of deteriorating relations with Russia. The Australian S&P/ASX 200 increased by 0.86%. 

Chinese indices mostly fall within 1%. The Chinese developer Evergrande announced that it would not be able to provide the audit results on time, and on the eve of trading its shares on the Hong Kong Stock Exchange were suspended.

As for the commodity market, the nearest futures for Brent and WTI oil are adding about 2% after jumping up by 7% the day before. The current Brent quote is $116 per barrel, the cost of WTI is $109.90. The market remains in a tense state amid the risks of Russia's energy embargo, including from the EU.