Markets have already taken investors on a bumpy ride this year, with the S&P 500 down around 10% year-to-date on worries over a more hawkish Federal Reserve and heightened geopolitical strife. The attack on Ukraine will likely add another layer of uncertainty to markets, increasing the potential for more gyrations, investors said.
LONDON: Russia’s attack on Ukraine sparked gyrations and fresh uncertainty in markets on Thursday, as investors scrambled to assess the conflict’s longer term implications for asset prices.
After sinking earlier in the session, U.S. stocks surged later in the day while haven assets such as gold and Treasuries unwound some of their earlier gains. Oil prices, which breached $100 for the first time since 2014, also eased.
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