Economic and fundamental developments 22-02-2022 US session
22 Feb 2022 05:37 PM
European stock markets got off to a negative start but are now mixed due to ongoing political upheaval in Europe. The Russian government has ordered troops into two breakaway regions in Eastern Ukraine, and as a reaction, the British government has announced sanctions against Russia. US stocks are lower.
WTI and Brent crude have jumped due to the rising political tensions in Eastern Europe.
Gold hit a new eight-month high as dealers are in risk-off mode.
The euro continues to see high volatility due to the Russia-Ukraine tensions, but the single currency is broadly higher today.