Biden-Putin summit: brace for impact!

News for today, Monday, February 21

Dow J futures have edged a bit higher yesterday, as Joe Biden has agreed to a summit with Russian President Vladimir Putin. The stock market has gone through noticeable stress last week, reacting to the disturbing Russia-Ukraine conflict. The announced meeting of two presidents eases the fears of soon invasion, thus, inclining index futures to rise. However, there isn’t any other reason to suggest positive shifts in the Russia-Ukraine issue: Belarus has reported extending big military games with Russia beyond 20.02, following a strong disturbance in eastern Ukraine.

Elon Musk wants to split SpaceX shares. The aerospace tech company has rocketed to a value of $100 billion in October. Then, the price of one share was $560. The company, still not publicly-traded, wants to split its papers. SpaceX has suggested to its private investors to split shares 10-for-1, making one share worth $56. This would not impact the company’s capitalization. The suggested split would become the first one in SpaceX history.

The gold price has reached $1900 for the first time since summer 2021, reacting to the continuous diplomatic unrest in the Russia-Ukraine region. The economic anxiety is looming further with the market waiting for the Federal Reserve to tighten monetary policy in March.

The price of Brent crude is $91.15, WTI — $89.94, GBP/USD — 1.3630, EUR/USD — 1.1358, and gold costs $1897.13 per ounce.