Russian forces assaulted cities across Ukraine after Putin ordered an operation aimed at demilitarizing the country, prompting Ukraine’s foreign minister to warn of a “full-scale invasion.” Ukraine imposed martial law.
US equity futures and stocks tumbled Thursday while bonds jumped and oil soared as Russian President Vladimir Putin’s decision to order a military attack on Ukraine cast a pall over global markets.
S&P 500 and Nasdaq 100 contracts slid about 2%, signalling the latter, tech-heavy gauge is on course for a bear market. European futures shed some 3.5% and an Asia-Pacific equity gauge fell to the lowest since 2020. Trading in the ruble, stocks and futures on the Moscow Exchange was halted.
