• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»World News»The consequences of the war on the markets
World News

The consequences of the war on the markets

Donald MunnBy Donald MunnFebruary 26, 2022Updated:September 29, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The attack 

Putin ordered the attack at dawn on 24 February 2022.

With surprisingly effective firepower, the Russians destroyed most of the Ukrainian military bases and the intelligence headquarters in Kyiv. 

Civilians fled from the capital to the countryside and more isolated parts of the country, as they did in the other cities under attack.

The luckiest ones manage to escape to neighbouring countries, Romania above all, asking for and receiving asylum. 

Today the Italian Defence Council met, giving Mario Draghi carte blanche in view of tomorrow’s NATO summit where all other issues will leave the field to decide what to do in the West. 

Consequences of the war on the main markets

The Moscow stock exchange, which had initially been suspended, resumed trading with disastrous results. 

The Russian market has lost 45%, losing almost 280 billion euro in value while maintaining or even increasing its bargaining power thanks to the exorbitant increases in oil prices, which have reached 105 dollars a barrel, and especially in gas prices, which have soared by another 20%. 

All the main European stock exchange indices were red, and the Italian stock exchange was no exception, losing a considerable 5%.

All commodities appreciated and the picture was further complicated by the statements made by China, which does not consider Putin‘s move to be an attack or a full-scale invasion, but rather protection through military action aimed at Russia‘s interests. 

Cryptocurrencies also suffered greatly, with BTC losing 5% to $35,400 and Ethereum 7.80% to $2,390. 

Signs of hope

According to LPR, some brigades of the Ukrainian army are surrendering, putting an end to the conflict, most notably the 53rd motorized infantry brigade. 

These acts would be the basis of an unequal war that intelligently the Ukrainian army, or at least part of it, is trying to avoid, also moved by the deafening silence of NATO, which is currently not intervening. 

The situation bodes well, even if the facts are constantly evolving and it is too early to understand in what direction the situation will develop. 

The concern

The continuation of a war on Europe’s doorstep will benefit no one except the recently formed axis between Russia and China.

The two superpowers together hold the overwhelming majority of the world’s raw materials and energy, and Europe would be left high and dry. 

Tomorrow’s emergency NATO summit will give us a machete for the jungle of our thoughts and reveal whether the markets have another reason to turn red or not. 

Investors are very worried and there is clear turmoil in a world that leaves little hope amid record inflation, wars and an energy crisis.

Meanwhile, Trump declares that Biden has taken America to war again and that never before has the economy and the employment world been in such a crisis. 

 

The post The consequences of the war on the markets appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Ukraine Stands Strong: The SpendWithUkraine.com Initiative

February 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.