US equities were sharply lower on Tuesday as investors worried about the global economic impact of harsh Western sanctions against Russia.
The Dow, S&P 500 and Nasdaq 100 all shed in the region of 1.5-2.0% on the day as commodity prices surged.were sharply lower on Tuesday as investors fretted about the global economic impact of the West’s harsh sanctions against Russia, and as the country intensified its bombardment of Ukrainian cities. Commodity prices, from crude oil to gas to wheat, surged on Tuesday, igniting fears about longer-lasting inflationary pressures in the US and Europe and sparking talk of stagflation.
Similarly, the Nasdaq 100 index fell back to the 14K area to post a drop of more than about 1.6%, despite a sharp drop in yields as investors sought safety in US government debt markets and revised lower US growth/Fed tightening expectations. The drop in yields weighed heavily on the Dow, which is more heavily weighted to cyclical/more economically sensitive stocks . The index was last also down more than 1.7%, in tandem with its peers.
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Dow futures fall 500 points, Brent oil tops $100 as Russia, Ukraine tensions roil marketsStock investors face another session of extreme volatility as Russia invades Ukraine.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Western sanctions tie Russia even tighter to ChinaWestern sanctions over Vladimir Putin's invasion of Ukraine will increase Russia's already significant economic reliance on China.Why it matters: Moscow could blunt the impact of sanctions by deepening its growing alignment with Beijing, giving both countries more leverage in their disputes with the West — but potentially fostering resentment in Russia over the increasingly lopsided relationship.Get market news worthy of your time with Axios Markets. Subscribe for free.Catch up quick: The Chines U.S. should think smart and hard enough. Two superpowers against one is not good. If Russia and China stand together. U.S. and China relationship is bad enough. North Korea is worst off. O God, now Russia is stepping into bad relationship with U.S. This is the end of the world.
Source: YahooNews - 🏆 380. / 59 Read more »
Hundreds of Russia plane leases to be axed after Western sanctionsAircraft leasing firms are set to terminate hundreds of leases with Russian airlines following Western sanctions over the invasion of Ukraine that give the sector a month to act.
Source: Reuters - 🏆 2. / 97 Read more »
Western business flight from Russia continues with Shell, GM and others ending or suspending dealingsRussia’s business rupture with the West grew wider as Shell, General Motors and others announced plans to end or freeze their dealings with the nation after its invasion of Ukraine. Freezing our dealings with Russia doesn't mean Americans are going to pay less for oil. They'll hike up the prices cause what oil tycoon wants to take a pay cut to 5mil a month! ☹️ Russia hasn't been this cut off from the rest of the world since the mid eighties. The key difference is that the rest of the world has never been this entwined with Russia. This is going to hurt everyone, not just those directly involved. 賠錢生意沒人做的
Source: washingtonpost - 🏆 95. / 72 Read more »
Kremlin still wants to capture Kyiv; Western sanctions continue to pile on RussiaUkrainian defenders continue to hold major cities, withstanding brutal fighting and maintaining centralized command of their military units. Peace and Harmony to both the countries. 🕊️ Kremlin wants to continue taking Ls and getting dunked on
Source: CNBC - 🏆 12. / 72 Read more »
Western Companies Pull Back From Russia in Response to Ukraine Invasion, SanctionsThe retrenchment is a dramatic change from a few decades ago, when the fall of the Soviet Union made Russia a promising market for international companies including energy majors, brewers and car makers. Everyone close up shop in Belarus and Russia: Starbucks, McDonalds and other fastfood, Apple store Google PlayStore, all cell phone apps, Hilton and other hotels, etc. World powers State leaders are constantly trapping and still destroying states as they have done for 300 years. They are establishing a new world order. USA China, NATO and some leaders from different countries they own oil for $200
Source: WSJ - 🏆 98. / 63 Read more »