Richard Hunter, head of markets at the investment firm interactive investor, said Risk assets lurched lower once more following reports of an attack on a nuclear plant in Ukraine, while commodities continued their rise amid the inflationary impacts of the conflict.
Oil spiked to almost $120 per barrel on the news before settling back to around $112 – but still up by 44% in the year to date – as news emerged that an increase in output following a deal between the US and Iran is not close to materialising. Meanwhile, there were further spikes in commodities such as nickel, copper and aluminium as the escalation of sanctions on Russia threatened general supply chains. The current turmoil leaves central banks somewhere between a rock and a hard place.
US/EU bulling the world has to be stopped. We need more equal, democratic and free world. A world of empathy and love of eacother.
Evil and stupid