“The opening of the European market on Wednesday brings relative optimism on most exchanges. According to the market, economic sanctions against Russia will not have a significant impact on financial markets,” Dom Maklerski TMS Brokers’ Maciej Madej wrote in the commentary.

Around 10 a.m., WIG20 grew by 0.04 percent, and WIG grew by 0.50 percent. “Tuesday looked really upbeat for the stock market, and although trade in the US ended below reference levels, major European indices moved north on Wednesday morning again. Germany’s DAX rose 0.8% at the open, while the CAC 40 rose at 1.1%,” Midge noted. Russia’s RTS is down 0.21% and Britain’s FTSE 100 is up 0.68%.

“The entry of the Russian army into the territory of Ukraine is a fact. Russia continues to build its border positions, in addition, in Belarus, it is preparing for a possible attack from Ukraine. Meanwhile, the West imposes sanctions on Russia, as it was previously announced. However, the sanctions are not strict as it was advertised., which were basically ignored by the financial markets” – pointed out Michał Stajniak of XTB. But he stressed at the same time that “we can never say that there is peace in the financial markets.”

The Dow Jones Industrial Average fell 1.42 percent at the close of Tuesday’s session. And its value reached 33,596.61 points. This is the fourth consecutive day of decline in this indicator. The S&P500 lost 1.01 percent at the end of the day. And its value amounted to 4304.76 points. The Nasdaq Composite Index fell 1.23 percent. And closed the session at 13381.52 points. It was the first session on Wall Street this week. The US stock market fell on Monday due to President’s Day.

We noticed increases in the major stock exchanges in Asia. China’s SCI closed Wednesday’s session 0.93% higher. In Hong Kong, the Hang Seng Index rose 0.60 percent, and the Kospi Index in South Korea rose 0.47 percent. In India, the Sensex Index is up 0.17%. The stock exchange in Japan was closed on Wednesday.

In the morning we notice the strengthening of the zloty. About an hour, the price of 10 euros was 4.53 zlotys, the US dollar was 3.99 zlotys, the Swiss franc 4.33 zlotys, and the British pound was less than 5.44 zlotys.

On Wednesday morning, we are seeing a lot of volatility in the price of Crude Oil. The price of a barrel of West Texas Intermediate crude oil in shipments Wednesday morning to New York City reached $ 92.03 in New York. Brent crude was traded on the London Stock Exchange for April delivery at $93.94 a barrel.

The situation in the markets is “dynamic” and the price of the commodity changes very rapidly in response to the geopolitical information flowing into the markets.

Meanwhile, progress is being made in Western countries’ negotiations with Iran on reviving the 2015 nuclear deal. Later this week, a decision is likely to be made on whether the deal can resume, according to Twitter entries from negotiators from France, Russia and the United Kingdom. who are participating in talks with Iran.

Iran was one of the largest oil producers in OPEC before it was subject to sanctions by the United States. Tankers contain large quantities of stored Iranian oil, which can reach the market very quickly. Traders estimate that in the next few months, Iran may increase its oil exports to world markets by about 1 million barrels per day.

Meanwhile, the administration of President Joe Biden has stopped licensing new oil and gas drilling on federal lands in the United States. According to analysts, this will complicate US authorities’ efforts to limit increases in gasoline prices, which could soon reach $4 a gallon.