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.
5 things to start your day
1) City take on Brussels in ‘high stakes poker’ over Brexit freedoms EU-era regulations under scrutiny as bloc steps up poaching plans off London
2) Lotus woos investors to capitalize on China’s electric car revolution British supercar maker hopes China’s middle class can be its new engine of growth
3) Richard Branson’s Hyperloop cuts half its staff in changing cargo The layoffs follow the exodus of executives from a vacuum transport company
4) UK regulator digs into Sir Nick Clegg’s battle with Google Search giant’s decision to block ad tracking tech could cost Facebook tens of billions of dollars
5) Heathrow chief quits civil service recruitment committee after airline backlash John Holland-Kaye quits after airlines raise impartiality concerns
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%.
- 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