5 things to know before the stock market opens Friday, March 25
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Investors need the following news, analysis and trends to help them start trading:
1. Wall Street is expected to close a volatile week on high notes
Traders in the NYSE Floor, March 18th 2022.
Source: NYSE
2. To reduce Russia’s dependence on the EU, EU and USA strike a gas agreement
The US President Joe Biden is listening as the President of the European Commission Ursula von der Leyen speaks about Russia in a speech at the US Chief Of Mission Residence in Brussels on March 25, 2022.
Getty Images| AFP | Getty Images
Friday, the United States and EU announcedThe start of years-long efforts to discredit Moscow in the aftermath of its invasion, the new partnership will reduce Europe’s dependence upon Russian energy. This plan sees the U.S. along with other nations increasing liquified petroleum gas exports to Europe of 15 billion cubic metres this year. In the future, shipments of even greater size will be made. The Kremlin supplies the EU with energy as a major source of income. roughly 40%its LNG through Russian pipelines. Several of them run through Ukraine.
3. Biden visits Poland to discuss the human cost of Ukraine’s war.
Ukrainian refugees board the train from Ukraine to Warsaw at Przemysl station, just near the Polish-Ukrainian border on March 23, 2022.
Afp – Getty Images| Afp | Getty Images
The President of the United States, Donald Trump, arrived in Brussels after a day of NATO summits and G-7 summits. Joe Biden is set to travel to Poland on Friday — the second leg of his emergency tripTo Europe, one Month into Russia unprovoked attack on Ukraine. President Biden will discuss with Polish counterpart the growing humanitarian crisis. More than 3.7million refugees fled war-torn Ukraine. Most of them crossed the border to Poland. Biden said that more than $1 billion will be committed by the United States to humanitarian assistance for Ukraine’s refugees and Ukrainians currently inside.
4. Russia is considering selling oil for Bitcoin to ease sanctions
March 3, 2022 Russia, St. Petersburg: An emblem bearing the Gazprom logo is flown at the St. Petersburg branch of the Russian State-Owned Corporation.
Picture Alliance – Getty Images| Picture Alliance | Getty Images
Russia is consideringAccepting bitcoinMoscow is increasingly isolated by Western sanctions over the Ukraine’s aggression and as a result, Moscow has to pay more for oil and natural gas exports. In translated remarks, the chair of Russia’s legislative committee for energy stated Thursday that there are other ways to pay energy to countries like Turkey or China. bitcoin. Commodities are traded around the world are largely transactedIn the U.S. Dollar or in the Euro
5. EU has rules that target Big Tech to curb their power
On a phone, the logos for Microsoft, Apple, Facebook and Facebook are displayed with the EU flag in background.
Justin Tallis | AFP via Getty Images
The European Union agreed on landmark new antitrust regulations that could dramatically reshape how U.S. technology giants — such as Facebook parent Meta Platforms, Apple, Amazon Alphabet unit Google — conduct business in the bloc. The reforms are designed to stop tech giants using their market power to hurt smaller competitors. Gatekeepers who violate these rules could face fines up to 10% on their worldwide revenues. Although a finalized copy of the legislation is still to be adopted by official means, it may take effect in October.
— CNBC reporters Sam Meredith, Christina Wilkie, MacKenzie SigalosRyan Browne, The Associated Press, and Reuters all contributed to the report.
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