Russia warns gas prices will double after Nord Stream 2 blockage Business


It will be a tumultuous day in the markets after Russian President Vladimir Putin stepped up the assault on Ukraine.

The Russian leader ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognizing them as independent on Monday, raising fears of a full-scale conflict.

Asian markets have crashed and the FTSE 100 is expected to follow suit. Fears of disruption in energy markets pushed natural gas prices up 13%, while oil prices pushed toward $100 a barrel.

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What happened overnight

Global stocks fell as safe havens rallied and oil surged as Europe’s eastern flank was on the brink of war after Russian President Vladimir Putin ordered troops into the separatist regions in eastern Ukraine.

MSCI’s broadest index of Asia-Pacific stocks outside of Japan was on course for its worst day this month, down 1.7%, weighted by markets in Hong Kong and China. continental. Japan’s Nikkei lost 1.7 pc.

US and European markets also braced for steep losses at the opening bell, with S&P 500 futures down 1.4%, Nasdaq futures down 1.9%, futures pan-regional Euro Stoxx 50 down 1.1% and FTSE futures down 0.6%.

coming today

  • Business : Antofagasta, HSBC, InterContinental Hotels Group, Smith & Nephew (annual results); Hargreaves Lansdown (temporary)
  • Economy: Housing price index (WE)Manufacturing PMI (WE)PMI services (WE)consumer confidence (WE)inflation (EU)

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This notice was published: 2022-02-22 18:18:05

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