Bloomberg US futures slid and European equities tumbled to a one-year low as war risks intensified after a Ukrainian nuclear power plant briefly caught fire. Contracts on US gauges signalled more losses for Wall Street as investors awaited the monthly jobs report. Europe’s Stoxx 600 benchmark fell nearly 3%, poised for its worst week since March 2020. An Asian …
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Ukraine conflict: Asia stocks slump to 16-month low
Bloomberg Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets. The MSCI Asia Pacific Index fell as much as 1.8%, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down …
Read More »Stocks reverse early gains as commodity prices surge
Bloomberg Stocks reversed early gains on Thursday. Europe’s Stoxx 600 Index was slightly lower and most US futures slipped. Utilities led declines, while mining and energy stocks advanced as oil soared to the highest level since 2008. Commodities markets from metals to oil and gas have been upended by the Ukraine crisis as big corporates withdraw from Russia, lenders …
Read More »Hong Kong dollar’s slide to two-year low is about to get worse
Bloomberg The Hong Kong dollar is poised for steeper losses as impending Federal Reserve rate hikes exacerbate capital outflows triggered by the deadliest Covid outbreak in the city. The currency extended its drop to the lowest in more than two years and option-implied volatility indicates a 32% probability that it could fall to the weak end of its 7.75-7.85 …
Read More »Ukraine crisis: Futures waver, stocks lower as oil tops $110
Bloomberg US futures fluctuated and stocks were lower as investors assessed the impact of Russia’s invasion of Ukraine on commodity supply and the global economy. Oil topped $110. Contracts on US gauges were little changed, after the S&P 500 swung between losses and gains. The Stoxx Europe 600 Index was also lower, after briefly erasing declines. Ericsson led a …
Read More »Bitcoin keeps pulling away from stocks roiled by Ukraine war
Bloomberg Cryptocurrencies continued to pull away from stocks as the intensifying war in Ukraine prompts investors to look for safe havens. Bitcoin advanced as much as 2% in early trading in Hong Kong before giving up some gains. It has jumped 17% over the past three days — a period during which President Vladimir Putin stepped up shelling of Ukrainian …
Read More »European stocks fall with US equity futures; crude oil rises
Bloomberg A fresh wave of volatility hit global markets as the conflict in Ukraine intensified amid mounting penalties against Russia. Stocks in Europe fell along with US equity futures, while bonds gained and oil pushed sharply higher. Utilities, car makers and travel stocks lead a decline of more than 1% in the Stoxx Europe 600 index as traders assessed …
Read More »Gold climbs as Russia sanctions fuel fears over global economy
Bloomberg Gold advanced as sweeping sanctions on Russia for its invasion of Ukraine heightened fears of a hit to global economic growth. Bullion surged as much as 2.2% after penalties were placed on the Bank of Russia to prevent it from using foreign reserves to blunt sanctions. They also excluded some Russian lenders from the SWIFT messaging system that underpins …
Read More »Bitcoin advances in tentative comeback as haven asset
Bloomberg Bitcoin advanced amid mounting signs that the war in Ukraine is bolstering demand for cryptocurrencies. The largest cryptocurrency rose 4.3% to $43,453 in London, gaining along with other major digital tokens. A fresh wave of turbulence hit global markets on Tuesday as the conflict in Ukraine intensified amid mounting penalties against Russia, as stocks in Europe fell along …
Read More »US stock index futures drop on return after ‘terrible weekend’
Bloomberg US stock index futures slumped on Monday following a weekend of mounting sanctions on Russia, kicking off another potentially tumultuous week for equity investors. March contracts on the S&P 500 Index slid as much as 2.9% before trimming losses to 1.5% in New York. Futures on the Nasdaq 100 and the Dow were each down 1.3%. The poor …
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