fxs_header_sponsor_anchor

News

Global stocks pressured, markets on high alert for any escalation in Ukraine crisis

  • Global stocks sinking as Ukraine crisis deepens in the latest moves from the Kremlin.
  • Western nations will retaliate with sanctions over Russia.

Global stocks are under pressure again following Russian President Vladimir Putin ordering troops into breakaway regions of eastern Ukraine. As the conflict over Ukraine appeared to worsen, US equities futures and European stocks lost further ground with the Stoxx Europe 600 index having dropped to its lowest point since October. Futures on 10-year US Treasury notes increased, also representing investors' appetite for safe havens.

S&P 500 futures lost 1.5%, Nasdaq futures fell 2.2%. The MSCI's broadest index of Asia Pacific shares outside Japan fell 1.44%, pulled lower by markets in Hong Kong and mainland China. Japan's Nikkei (NI225) shed 2%. 

Vladimir Putin signed a decree that recognises Donetsk and Luhansk in Eastern Ukraine as independent states. Additionally, Putin ordered troops to move into the region on a peacemaking patrol. The US expects Russian troops could move into the Donbas region of Ukraine as soon as Monday evening or Tuesday eastern time.

In response to the Kremlin's actions today, the West is promising to respond with sanctions. US President Biden signed an executive order Monday imposing sanctions that target two Russia-backed breakaway republics in eastern Ukraine.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.