Market Update

The Russian ruble fell to a record low on Thursday, the euro sank to a multi-year low against the Swiss franc, while the Japanese yen jumped after Russian forces attacked Ukraine, firing missiles at several cities and landing troops on the country’s southern coast. Investors turned away from the Russian …

European shares fell 3 percent on Thursday, as investors turned away from risky assets after Russia’s attack on Ukraine raised fears of war in Europe, contributing to inflation and hampering economic growth. The pan-European Stoxx 600 index fell 2.9 percent, its lowest since May 2021. Germany’s DAX index fell 3.7 …

Ukraine’s ambassador to Ankara said on Thursday that his country had asked Turkey to close the Bosphorus and Dardanelles straits to Russian ships, and also wanted to impose sanctions on Moscow after Russia launched air and ground attacks on its neighbor. Turkey, a NATO member, has a maritime border on …

The Ukrainian border guards said that the Russian ground forces entered Ukraine shortly after bombing several sites inside Ukraine. Ukraine asked Turkey to close the Bosphorus and Dardanelles straits to Russia, while Moscow announced the suspension of navigation in the Sea of Azov between Ukraine and Russia. The Ukrainian border …

The Russian ruble plunged to its lowest level since early 2016 on Thursday after President Vladimir Putin ordered Russian forces to invade Ukraine, a move that prompted the Moscow Stock Exchange to suspend trading. The ruble fell 3.6 percent against the dollar to 84.0750, and fell 3.9 percent to 95.2425 …

On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters. Gold prices jumped more than 2% to their highest level in …

Oil prices stabilized on Wednesday, below their highest levels since 2014, as US officials indicated that an escalation between Russia and Ukraine is unlikely to lead to sanctions on energy supplies from Russia, one of the world’s largest oil producers. Brent crude remained unchanged, reaching $96.84 a barrel, after hitting …

The US session closed with investors expressing very pale optimism about Eastern Europe developments, despite this weak optimism the market’s sentiment deteriorated during US trading hours, resulting in the stronger USD against most of its major rivals.Ukraine declared the State of Emergency starting February 24 and for 30 days amid …

“Today, Putin did not respond to a request for a phone call,” said Ukraine President Volodymyr Zelenskyy during early Thursday morning in Asia.Ukraine President Zelenskyy warned that Russia’s move could escalate tensions while also saying, “Ukraine is not a threat to Russia.”During late Wednesday, Ukraine Foreign Minister Dmtryo Kuleba also …

On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters.The lack of positive developments over the Russia-Ukraine tussle has put the …