Oil Soars to Highest Since 2008, Russia Cut To Junk & Russian Stocks Down 98% In 2-Weeks!
Channel: AmplifyME
Date: 03/03/2022

Head of Market Analysis Anthony Cheung delivers an update on the latest market movements.

- Summary of main highlights (00:00)
- Russia claims to have captured the port city of Kherson (00:38)
- Ukraine to take part in the second round of talks today (1:13)
- Antony Blinken will travel to Eastern Europe today (2:06)
- U.S. postpone missile test (2:25)
- Russia rating cut to Junk by Moody's and Fitch (3:48)
- Russian stocks down 98% in just two weeks (4:23)
- Oil rises to the highest level since 2008 (5:42)
- Wheat prices are now at a 14 year high (7:17)
- Aluminum notched a fresh record high (8:48)
- Is stagflation coming? (9:27)
- Fed's Powell backs a 25bps rate hike (9:56)
- Will surging energy prices result in a recession? (11:13)
- China reopening stocks jump overnight on policy change (12:16)
- Calendar events on the docket today ECB mins, US ISM PMI (13:08)

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