Global markets are shaky as investors continued to monitor developments around the Russia-Ukraine war, the delegations from Ukraine and Russia will meet for possible peace talks on the Belarus border on Monday afternoon.
Oil and gas company Halliburton (NYSE: HAL) stock has risen almost 40% this year and the stock created a new 52-week high of $34.32 on Feb 16, 2022. The recent strong upside momentum is supported by the release of upbeat fourth-quarter financial results and oil prices rally.
Global markets have calmed down slightly on Monday morning from the early sell-off after the French President Emmanuel Macron’s office announced that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit.
The e-commerce giant Shopify (NYSE: SHOP) earnings release for the fourth quarter is slated for February 16, before markets open. The company is expected to post quarterly earnings of $1.27 per share and revenues are expected to be $1.34 billion.
This week huge volatility is expected to be back as the tensions heat up on the Russia-Ukraine border. The conflict will continue to deal a heavy blow to the global markets.