Personal Finance. Money. Investing.

Stocks Plummet And Oil Prices Surge As Russia Attacks Ukraine

On Thursday, global stocks and US bond yields plummeted while the dollar, gold, and oil prices surged higher as Russian forces launched a full-scale invasion of Ukraine.

Posted: 24th February 2022 by Finance Monthly
Share this article

Soon after Russian President Vladimir Putin announced he had authorised a “special military operation”, explosions were heard in the Ukrainian capital of Kyiv and the Ukrainian government accused Russia of launching a full-scale invasion

In response to Moscow’s actions, the United States and its allies are set to impose “severe sanctions.”

In a statement, US President Joe Biden said: “I’m going to begin to impose sanctions in response, far beyond the steps we and our Allies and partners implemented in 2014.  And if Russia goes further with this invasion, we stand prepared to go further as — with sanction.”

Who in the Lord’s name does Putin think gives him the right to declare new so-called countries on territory that belonged to his neighbors?  This is a flagrant violation of international law, and it demands a firm response from the international community.”

Following Russia’s invasion, the Euro Stoxx futures and German DAX futures were down over 3.5% in early deals, while FTSE futures were 2% lower. Meanwhile, S&P 500 e-minis dropped 2.3% and Nasdaq futures fell 2.8%. 

On Thursday, the Moscow Exchange said it was suspending all trading

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram