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The escalation of the crisis in Ukraine shocked the global market

Views: 3     Author: Site Editor     Publish Time: 2022-02-24      Origin: Reference message network Inquire

According to the report on the website of the Wall Street Journal on February 22, after Russian President Vladimir Putin ordered the army to enter the two "republics" in eastern Ukraine, which he previously recognized as independent, global stock markets and U.S. stock index futures fell, while crude oil futures and government bond prices rose.

The stock market fell across the board, and Russian stocks took the lead in diving

The Nasdaq 100 stock index futures fell 2.1% and the S & P 500 stock index futures fell 1.6%, suggesting that the US stock market may face pressure in Tuesday's trading. The US stock market was closed on Monday for president's day.

The report said that in the Asia Pacific region, the benchmark stock indexes of Australia, South Korea, Japan and Hong Kong all fell, down between 1% and 2%.

Russian stock markets, ruble and European stock markets fell sharply on Monday, while oil prices rose.

The report also said that the European Stoxx 600 index fell 1.3% on Monday. The Russian benchmark MOEX index plunged 10.5%, the largest one-day decline since the Crimea event in March 2014.

The exchange rates of Ukraine's hryvna and Russia's ruble against the US dollar both expanded their declines. The ruble fell 3.4% against the US dollar and grifner fell 1%.

In addition, according to the website of Spain's economist on February 21, major European stock indexes fell due to geopolitical tensions.

The US stock market was closed on Monday, but the European stock market had a bad day: the European Stoxx 50 index finally fell 2.2%, while the German DAX index also fell more than 2%. Taking into account the impact today, both indexes have fallen by more than 7.2% this year. Spain's ibex 35 index fell 1.2%. London stock market is one of the most pressure resistant markets, becoming the only stock market to keep rising, rising 1.3% so far in 2022.

According to the report on the website of the Wall Street Journal on February 22, after Russian President Vladimir Putin ordered the army to enter the two "republics" in eastern Ukraine, which he previously recognized as independent, global stock markets and U.S. stock index futures fell, while crude oil futures and government bond prices rose.

The stock market fell across the board, and Russian stocks took the lead in diving

The Nasdaq 100 stock index futures fell 2.1% and the S & P 500 stock index futures fell 1.6%, suggesting that the US stock market may face pressure in Tuesday's trading. The US stock market was closed on Monday for president's day.

The report said that in the Asia Pacific region, the benchmark stock indexes of Australia, South Korea, Japan and Hong Kong all fell, down between 1% and 2%.

Russian stock markets, ruble and European stock markets fell sharply on Monday, while oil prices rose.

The report also said that the European Stoxx 600 index fell 1.3% on Monday. The Russian benchmark MOEX index plunged 10.5%, the largest one-day decline since the Crimea event in March 2014.

The exchange rates of Ukraine's hryvna and Russia's ruble against the US dollar both expanded their declines. The ruble fell 3.4% against the US dollar and grifner fell 1%.

In addition, according to the website of Spain's economist on February 21, major European stock indexes fell due to geopolitical tensions.

The US stock market was closed on Monday, but the European stock market had a bad day: the European Stoxx 50 index finally fell 2.2%, while the German DAX index also fell more than 2%. Taking into account the impact today, both indexes have fallen by more than 7.2% this year. Spain's ibex 35 index fell 1.2%. London stock market is one of the most pressure resistant markets, becoming the only stock market to keep rising, rising 1.3% so far in 2022.

Oil and gas prices soared and nickel prices hit a new high

In addition, according to the Financial Times website on February 22, after Russian President Vladimir Putin ordered to send troops to Ukraine to put the country into a state of war, oil prices soared and the stock market fell.

Brent crude oil, the benchmark of international oil prices, rose 2.3% to US $97.59 a barrel, a seven-year high, the report said; The US benchmark West Texas Intermediate base crude rose 3.6% to $94.32 a barrel.

According to the report on the website of the Wall Street Journal on February 22, under the threat of Russia's possible full-scale invasion of Ukraine, energy prices, especially the prices of natural gas and crude oil, have risen sharply.

Natural gas prices rose more than 8% to $4.78 per million BTUs.

According to the report, some analysts warned that if the tension in Ukraine escalated into an all-out war, the price of crude oil could soar to more than $100 a barrel.

According to the website of France's Figaro on February 21, as Russia is a large producer of "devil metal" nickel, stimulated by the escalation of the crisis in Ukraine, the nickel price reached US $246100 per ton on Monday, the highest level since 2011.

According to the report, Al Munro, the agent of MAREX company in the UK, explained that nickel and aluminum are metals "dependent on Russian supply", and "the rise of nickel price is driven by factors threatening Russian production". "The rise in prices may be due to concerns about supply disruptions because the crisis in Ukraine seems to be intensifying," said Daniel brizeman, an analyst at Commerzbank in Germany

Nickel prices have risen 18% since the beginning of the year. Russia is one of the world's largest nickel producers, tied with Indonesia. If Russia is sanctioned, its raw material exports may be affected.

Safe haven assets favored, Russia and Europe lost a lot

According to Reuters Singapore on February 22, oil prices jumped to a seven-year high on Tuesday, and the price of safe haven assets rose. After Russian President Vladimir Putin ordered Russian troops to enter the two "republics" in eastern Ukraine, which he previously recognized as independent, the war on the eastern wing of Europe was imminent.

The Russian Ruble briefly hit an 18 month low against the US dollar in early Asian trading on Tuesday, the report said.

The report also said that the spot price of gold hit a six-month high of $1911.56 per ounce.

After Russia's latest action, Carlos Casanova, senior Asia economist at UBS private bank, said: "we are very close to military intervention, which will certainly strengthen the risk aversion in the market." As a result, oil prices will rise, stocks will be sold off and people will flock to safe haven assets such as the yen.

Reported that in the foreign exchange market, the Asian safe haven currency yen rose 0.2% against the US dollar, reaching a nearly three-week high of 114.5 yen against the US dollar, and then took back the gains. The euro fell 0.1 per cent against the dollar to a one week low of $1.1296.

Tensions also pushed Treasury yields lower, with the 10-year Treasury yield falling to 1.8715%.

In addition, according to the website of the French "echo" on February 21, the financial market continues to tremble with the rhythm of Moscow. Due to the tense situation in Donetsk and Lugansk in eastern Ukraine, stock markets across the European continent experienced a new round of weakness on Monday.

The report believes that the good performance of enterprises and the continuous recovery of economic activities at the end of the epidemic wave related to Omikron are obviously not enough compared with the deterioration of the security situation in Ukraine. Faced with the threat of a large-scale armed conflict at the gate of the EU, investors are still afraid to move.

Investors are particularly worried that the situation out of control will endanger the natural gas supply of the European continent, the report said.

The report said that Europe will not be the only victim of the runaway crisis in Ukraine. Russia cannot escape the economic impact, which will be reflected by the sanctions taken by western countries or the deterioration of trade relations.

As a result, the Moscow stock market fell sharply, and investors were worried that something worse would happen. Tensions in the bond market have also increased. The yield on 10-year Russian government bonds exceeded 10% on Monday, compared with 8.5% at the beginning of the year. In the face of investors' panic attitude towards Russian assets, the Russian Ministry of finance has given up issuing new bonds denominated in rubles on Tuesday.


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