Russian RTS plunged 13.21% yesterday amid looming risk of sanctions
United States said that it will announce fresh sanctions on Russia together with allies
According to media reports, Russian army has already moved into separatists’ republics
Russia plans to set up military bases in new republics and will acknowledge separatists’ claims to more land
Ukraine says that regardless of what Russia says, it’s borders are unchanged
S&P 500 dropped 0.72%, Dow Jones moved 0.68% lower and Nasdaq declined 1.23%.
Asia indices also moved lower. Nikkei dropped 1.71%, S&P/ASX 200 moved 1.0% lower and Kospi dropped 1.35%. Indices from China traded 1-3% lower
DAX futures point to a lower opening of the European trading session
Goldman Sachs sees a possibility of a 6% drop in US stocks in case of a outright conflict in Ukraine
According to Japanese media, Japan will join United States in chip sanctions against Russia
Oil is adding to yesterday’s gains and trades higher on the day. Brent approaches $95 area
Precious metals trade higher. Gold trades above $1,900 while silver breaches $24 per ounce
Cryptocurrencies are taking a hit amid increase in risk aversion. Bitcoin drops 2% and trades below $37,000
NZD and AUD are the best performing major currencies while GBP and CHF lag the most
The Russian RTS index (RUS50) plunged 13% yesterday and reached the lowest level since November 2020. Index may experience even more weakness soon when the West announces sanctions against Russia for recognizing separatist republics.
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