The key indices of the US stock market - Dow Jones, NASDAQ, and S&P 500 - closed Tuesday with another fall. As of March 9, the quotes of all three indices are near their local lows, the correction continues and, most likely, the fall will continue. There were no important macroeconomic events or important statements from the Fed representatives over the past day. The foreign exchange market was resting, as if celebrating International Women's Day, for the first time in the last two weeks showing little volatility and no trend movement. The geopolitical situation in Eastern Europe remains difficult, but there has been much less fighting in the last few days. It is unlikely that this fact indicates a de-escalation of the conflict since no progress has been achieved during the three rounds of negotiations between Kyiv and Moscow. Tomorrow, March 10, Turkey will host a meeting of two Foreign Ministers - Dmitry Kuleba and Sergey Lavrov. Of course, there are certain hopes for a positive outcome, but, frankly, no one believes in the success of the negotiations now. The positions of the Ukrainian and Russian sides are too different.
Traders now continue to be in a strong emotional state. They are no longer following an individual country, its economy, macroeconomic statistics, statements by top officials, and so on. They are already monitoring entire markets. For example, the oil and gas market, which in recent weeks have been breaking all records of value. For example, oil has already increased in price to $ 126 per barrel, and gas - to almost $ 4,000 per 1,000 cubic meters. The Moscow Stock Exchange decided not to open on March 9, and the Central Bank of the Russian Federation imposed restrictions on the purchase, sale, and exchange of any currencies for individuals. In addition, it became known that companies such as McDonald's, Coca-Cola, and Pepsi decided to leave Russia. Fitch rating agency, following another Moody's agency, downgraded the credit rating of the Russian Federation to "pre-default". Many experts in the field of economics believe that in mid-April, Russia may declare a default. US Deputy Secretary of State Victoria Nuland said that the Nord Stream 2 project is dead and is unlikely to ever be resuscitated. The sanctions are increasingly tightening around Russia, and it has already overtaken a country like the DPRK in terms of the number of sanctions. In general, the situation continues to deteriorate. And the more it worsens, the more likely it is that the US stock market will continue its decline. Like many other risky instruments and currencies. Western media also said that Russian troops may make a second attempt to capture Ukrainian cities, this time with the use of rocket and bomb attacks. In the West, they believe that the Kremlin has failed to achieve its goals, so it can go the way of a new escalation of the conflict. It is also reported that all the blame for the failed special operation in Ukraine can be placed on Russian Defense Minister Sergei Shoigu.
