Financial markets, too, have felt ripples of the event
Topics
Russia Ukraine Conflict | Global Markets | StatsGuru
Russia’s military action in Ukraine has had a significant impact on global markets. Commodity prices have risen, bond yields are moving up and equity markets have seen a significant decline. The Bloomberg Commodity Index touched its highest level in over seven years (see chart 1).
Multiple commodities saw a spike in their prices over fears of transport and supply disruptions. The region is a key exporter of oil and gas, besides agricultural commodities and metals. The most visible impact was on crude oil prices, which crossed over $105 per barrel before settling lower. …
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First Published: Mon, February 28 2022. 02:02 IST