Russia-Ukraine tension boosts oil prices: 5 key issues on Tuesday

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Russia-Ukraine tension boosts oil prices: 5 key issues on Tuesday
Credit: © Reuters.

By Laura Sánchez

Investing.com - Investors are once again keeping a close eye on the tension between Russia and Ukraine and how it is affecting the price of commodities such as oil and gas.

Australia maintains its interest rates.

Corporate earnings season continues.

Cryptocurrencies rise this morning.

These are the five factors that investors should take into account when making their decisions today:

1. Oil and gas volatile due to Russia-Ukraine tensions

Oil and gas prices once again have a volatile week due to the increased tension between Russia and Ukraine.

Brent is again close to 90 dollars, which it surpassed last Friday.

2. Australia holds interest rates; corporate earnings

Early this morning we heard the Reserve Bank of Australia's interest rate decision . The agency has decided to leave rates unchanged at 0.10% as expected by the consensus.

For the time being, Australia has not joined the hawkish tone initiated by the Fed and which the Bank of England (BoE) is expected to follow at its meeting on Thursday.

On the other hand, the corporate earnings season continues. Today, Alphabet (NASDAQ: GOOGL ), Exxon Mobil (NYSE: XOM ), PayPal (NASDAQ: PYPL ) and AMD (NASDAQ: AMD ), among others, report their results.

3. Crypto bounces back

The cryptocurrency sector is once again facing another volatile week, marked by investors' doubts about the hawkish tone of the US Federal Reserve (Fed). This morning, it is time for rallies. Bitcoin is trading at 38,000 and Ethereum at 2,700.

4. Asia and the American stock market

Positive signs today in the main Asian indices. Nikkei is up 0.2%. Hong Kong's Hang Seng and the Shanghai Composite remain closed for public holidays.

On Wall Street, the market ended yesterday in the green. The S&P 500 (+1.8%), Nasdaq (+3.4%) and Dow Jones (+1.1%) closed higher.

5. Macroeconomic data

Key macroeconomic releases include German retail sales , French CPI , German unemployment , as well as a series of manufacturing PMIs in Spain , France , Germany , UK , Italy and the Euro zone .

US manufacturing PMI , Redbook retail sales index and API weekly crude oil stocks will also be released.

South African markets closed in the green yesterday, boosted by widespread gains in mining stocks.

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