Stocks set for a painful week as conflict intensifies; bonds to gain

LONDON : World markets were set for another tumultuous week after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine and as fighting intensified for a fourth day.

"Nobody likes uncertainty, investors certainly dislike uncertainty and we are looking at a pretty protracted conflict," said Peter Kinsella, global head of FX strategy at UBP. In response, the United States and its allies moved to block certain Russian banks' access to the SWIFT international payment system. The measures also include restrictions on the Russian central bank's international reserves and will be implemented in the coming days. [PnL8N2V117C]

Latest weekly positioning data indicates investors frantically trying to dial down risk in their portfolios.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

India ready to tap national oil stocks further to tackle soaring pricesNEW DELHI :India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the government said on Saturday.India is the world's third biggest oil importer and consumer, shipping in 85per cent of its oil needs. The cou Apa urutan peristiwa yang akan terungkap sebelum Perang Dunia 3? Apa saja peristiwa yang akan terjadi selama Perang Dunia 3? MuhammadQasimDreams Muhammad Qasim has seen the events leading up to Qiyamah, including World War 3, Ghazwa e Hind, Arrival of Dajjal, Return of ESA AS, release of Yajuj and Majuj, and the time of Imam Mahdi. I think he will be the future Imam Al-Mahdi.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »