Ukraine’s President Volodymur Zelenskiy said Kremlin leader Vladimir Putin’s aim was to destroy his state.
EU foreign affairs chief Josep Borrell said: “These are among the darkest hours of Europe since the Second World War.” The flight to safety saw the U.S. 10-year Treasury yield tumble 14 basis points to under 1.9per cent. Gold hit the highest since September 2020. The CBOE Volatility index, also known as Wall Street’s fear gauge, was last trading at 36.41, its highest since Jan. 24.“It’s not a shock response because this has been building for weeks but really it is the realization that diplomacy has failed.”Article content
Investors remain worried that Fed tightening could choke the expansion in the world’s largest economy.
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