After Russia attacked Ukraine Russian stock market and ruble depreciated tremendously. Thereupon, they stopped trading.
The Moscow Stock Exchange fell 11 percent after Russian President Vladimir Putin announced that they had launched a special military operation in Donbas in eastern Ukraine.. The Central Bank of Russia is preparing to intervene in the foreign exchange market.
Moscow Stock Exchange Suspended Operations Until Further Announcement!
The Russian stock market and Due to the depreciation of the ruble, transactions in all markets were suspended. In a written statement made by the Moscow Stock Exchange, it was stated that transactions in all markets were suspended until the next warning.
After the announcement of Russian President Vladimir Putin that they have launched a special military operation in Donbas in eastern Ukraine lost 11 percent in value.
CENTRAL BANK OF RUSSIA WILL ATTEND
Ruble’s decline, on the other hand, exceeded 7 percent and saw historical lows. The Central Bank of Russia announced that it would intervene in the foreign exchange market.
GLOBAL MARKETS TAKES NEGATIVE TRAINING
After Russia’s official invasion of Ukraine, a negative trend was followed in global markets, while Asian stock markets and the USA followed the news. European index futures with The decline in rates approached 3 percent, while the rise in commodity prices gained momentum.
After Russian President Vladimir Putin’s announcement that they launched a special military operation in Donbas in eastern Ukraine Explosions were heard in various cities of the country, including Kyiv, the capital of Ukraine.
While Russia closed its airspace on the border between Ukraine and Belarus, martial law was declared in Ukraine. Following the developments, the Russian Ministry of Defense , announced that the air defense systems, military airports and air forces in Ukraine were neutralized with “high-precision weapons.” Stating that he started a war, attacks continue in peaceful cities of the country, he said, “Ukraine will defend itself and win.. The world can and must stop Putin.” He said.
After the developments, it was reported that Biden will announce the new sanctions that the USA and its allies will impose on Russia, and NATO Ambassadors will hold an extraordinary meeting today.
White House Spokesperson Jen Psaki said yesterday evening that the United States will respond to Russia’s steps with harsh economic sanctions, but Biden will not send American troops to Ukraine to fight Russia in any scenario.. With these developments, the decreases in Asian stock markets and the US and European index futures contracts approached 3 percent.
While the rises in commodity prices gained momentum, the barrel price of Brent oil in Asian futures has been declining since September 2014. Tested $100 for the first time since. The ounce price of gold stabilized at $1,942 levels after hitting $1,949, the highest level since January 2021.
With the impact of developments in Russia and Ukraine, two of the world’s leading wheat producers The increase in wheat prices approached 6 percent.. While it was observed that the demand for the bond market increased with the increasing risk perception, the 10-year bond rate of the USA fell from 2 percent to below 1.87 percent.
WHAT ARE THE ANALYTIC SAYING?
Analysts stated that the news flow about the Russia-Ukraine crisis remained at the center of the agenda and said that volatility in the stock markets may increase and investors should act cautiously.