News of the possibility of Russia invading Ukraine not only caused Asian stock markets to decline but also caused oil and bond prices to rise.
MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.2% while Japan’s Nikkei lost 2.1%.
The S&P 500 futures were up 0.2% and the Nasdaq Composite futures were up 0.1%.
The Russia-Ukraine crisis is escalating
The United States (US) reports that Russia is preparing to carry out (defensive) attacks on ‘every inch of land’ of its NATO territory.
As a result, market sentiment returned in the form of worries, further causing oil prices to soar to a 7 -year high.
In addition, the US inflation rate reading also added to the sentiment of concern about the possibility of a rate hike by the Federal Reserve (Fed) by 50 basis points.
The Fed has issued a statement that it will not change its bond -buying schedule after those concerns peaked.
Meanwhile, such concerns have made treasury yields peak since 2019, with 10 -year treasury yields at 1.96%.
In addition, the same issue also caused the Euro to retreat from $ 1.1495 to $ 1.1360 while the dollar safe-haven at 115.50 Yen.
The fall of the Euro has pushed the dollar index to a peak of 96,035.
Brent oil price added 93 cents at $ 95.37 a barrel while US crude oil rose $ 1.23 at $ 94.33.
Gold remained at $ 1,859 per ounce.
