LONDON/SYDNEY—World shares skidded on Monday as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, belted the euro and sent investors scuttling back to the safe-haven government bonds they have been dumping all year. Europe’s STOXX 600 share index tumbled 2.5 percent, Wall Street futures were down 0.6 percent, though it was Ukraine’s government bonds that understandably showed the most alarm as they slumped 10 percent. The United States on Sunday said Russia might create a surprise pretext for an attack, as it reaffirmed a pledge to defend “every inch” of NATO territory. Tokyo’s Nikkei drop more than 2.2 percent overnight in Asia, while the euro’s currency market retreat left it down at $1.1345 and pushed key euro-dollar implied volatility gauges to their highest since November 2020. “If it (Russian invasion) happens, the question is how does it happen?” said Jim Veneau at AXA …
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