Stocks slump and metals surge on Ukraine war fears

A trader works at the Frankfurt stock exchange in Frankfurt, Germany. Picture: REUTERS/TIMM REICHERT

The US and European allies are poised to announce harsh new sanctions against Russia on Tuesday after Putin formally recognised the breakaway regions in eastern Ukraine, escalating a security crisis on the continent. Brent crude futures jumped more than $3, or 2.5%, to $99, its highest since September 2014, on worries that Russian energy exports could be disrupted.

“Europe is in a very, very uncomfortable situation,” said Michael Hewson, chief markets analyst at CMC Markets. “What you’re getting is a classic risk-off play here.”MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5% earlier. Fears of supply disruptions from Russia sent London-traded aluminium to a more than 13-year high of $3,350 a tonne while benchmark nickel reached the highest since August 2011. Shanghai-traded nickel hit a record high.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks steady amid hope Russia-Ukraine tension will easeUS stock index futures rally and euro rises as a glimmer of hope emerges for a diplomatic solution to the Russia-Ukraine standoff
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Chinese Tech Stocks Drop to New Crackdown Lows, Led by AlibabaChinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. There’s no greater joy than having financial freedom and a life free of debts, that’s why I keep posting comments about TreytonAdam who guided me trading online
Source: dailymaverick - 🏆 3. / 84 Read more »

How property stocks have rebounded from lockdown lowsThe divergence of performance demonstrates that with astute stock selection, investors keen on this sector would’ve likely made money. Moneyweb investing property
Source: Moneyweb - 🏆 5. / 77 Read more »

Rouble sinks, stocks plunge as Russia recognises Ukraine breakaway regions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The rouble tanked on Monday, slipping past 80 against the dollar, while stocks plunged to their lowest in over a year as Russian President Vladimir Putin called for the immediate recognition of two breakaway regions in eastern Ukraine. Words alone won’t express how thankful I’m recommending you all to bettycostafx. investing with her has been a great opportunity for me and my family, I'm not persuading anyone to work with Mrs bettycostafx.. I just wanted interested investors to make the right choice with her.
Source: SABCNews - 🏆 37. / 51 Read more »