Stocks slid Tuesday on intensifying tension between the West and Russia over Ukraine, a standoff that’s bolstering oil prices and leading investors to seek the relative safety of sovereign bonds and bullion. An Asia-Pacific share gauge fell to its lowest level this month, including sharp declines in Hong Kong, where Chinese technology firms dropped and Russia-based aluminum producer United Co. Rusal International PJSC sank the most since 2018.
U.S. futures pointed to a lower Wall Street open when trading resumes after a holiday. President Vladimir Putin recognized two self-proclaimed separatist republics in eastern Ukraine and ordered the Defense Ministry to send what he called “peacekeeping forces” to the breakaway regions. Western leaders condemned the latest moves and the U.S. prepared to announce new sanctions against Russia. The U.S. has warned of a possible Russian invasion of Ukraine, a claim the Kremlin has repeatedly rejected. Oil jumped as traders weighed the risk of disruptions to supplies of energy and other commodities, such as nickel and aluminum, if the situation deteriorates. An index of Chinese tech firms tumbled on concerns of fresh regulatory curbs from Beijing. Investors are also continuing to monitor commentary on the U.S. monetary-policy path. Fed Governor Michelle Bowman suggested that a half percentage-point increase in interest rates could be on the table next month if incoming readings on inflation come in too high. But the Ukraine crisis is overshadowing all else in markets for the moment. The ruble tumbled the most since March 2020 after Putin recognized the self-declared separatist republics.
Nikkei -1.72% Hang Seng -2.85% CSI -1.55% Shanghai -1.21% Shenzen -1.47%
Eur$ 1.1306 CNH 6.3408 NY 6.3429 JPY 114.73 GBP 1.3595 CHF 0.9163 RUB 79.22 TRY 13.6580 WTI$ 93.86 +3.10% Gold 1,908.25 +0.10% BTC 36,800 -0.75% ETH 2,520 -2.40%
S&P -1.58% Nasdaq -2.16% EuroStoxx -1.37% FTSE -0.49% Dax -1.75% SMI -1.11%
Macro :
- Goldman Team Says S&P May Drop 6% if Ukraine Conflict Worsens
- U.K.’s Johnson Ends Virus Rules in England in Major Policy Shift
- U.K.’s Johnson Ends Virus Rules in England in Major Policy Shift
- Putin Plans to Sign Ukraine Separatist Recognition: Kremlin
Keep an eye on :
Keep an eye on :
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