Home NewsEurope Markets in turmoil as Boris Johnson vows ‘immediate’ sanctions against Russia – live updates

Markets in turmoil as Boris Johnson vows ‘immediate’ sanctions against Russia – live updates

by admin

Good morning. 

It is set to be a tumultuous day on markets after Russian President Vladimir Putin stepped up the assault on Ukraine.

The Russian chief ordered the deployment of troops to 2 breakaway areas in jap Ukraine after recognising them as impartial on Monday, sparking fears of a full-blown battle.

Asian markets slumped, and the FTSE 100 is ready to observe swimsuit. Fears of disruption in power markets despatched pure gasoline costs surging 13pc, whereas oil costs pushed in direction of $100 a barrel.

5 issues to begin your day 

1) The City takes on Brussels in ‘high stakes poker’ over Brexit freedoms  EU-era rules underneath scrutiny as bloc ramps up plans to poach clearing off London 

2) Lotus courts investors to capitalise on China’s electric car revolution  British supercar maker hopes China’s middle-class might be its new progress engine

3) Richard Branson’s Hyperloop slashes half its staff in cargo shift  Redundancies observe exodus of executives at vacuum-based transport firm 

4) British regulator wades into Sir Nick Clegg’s battle with Google  Search big’s transfer to dam ad-tracking tech may value Fb tens of billions of {dollars}

5) Heathrow chief quits civil service recruitment panel after backlash from airlines  John Holland-Kaye steps down after airways raised impartiality fears

What occurred in a single day 

World shares tumbled whereas safe-havens rallied and oil surged as Europe’s jap flank stood on the point of battle after Russian President Vladimir Putin ordered troops into breakaway areas of jap Ukraine.

MSCI’s broadest index of Asia Pacific shares exterior Japan was on the right track for its worst day for this month, off 1.7pc, weighed by markets in Hong Kong and mainland China. Japan’s Nikkei shed 1.7pc.

US and European markets have been additionally braced for sharp losses on the opening bell, with S&P 500 futures down 1.4pc, Nasdaq futures off 1.9pc, the pan-region Euro Stoxx 50 futures 1.1pc decrease, and FTSE futures down 0.6pc.

Developing at the moment

  • Company: Antofagasta, HSBC, InterContinental Lodges Group, Smith & Nephew (full-year outcomes); Hargreaves Lansdown (interims)
  • Economics: Home value index (US), manufacturing PMI (US), providers PMI (US), shopper confidence (US), inflation (EU)

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