Right here we go.
There are reviews of explosions in Kiev, Kharkiv, Odessa, Mariupol and elsewhere. To this point all of the reviews are within the japanese half of Ukraine.
That is battle.
I am shocked on the calm within the FX market however I think about that is solely a matter of time. Brent crude briefly touched $100 for the primary time and that could be only the start.
This seems to be a full-scale invasion of Ukraine and Putin stated he plans to ‘de-militarize’ Ukraine. That may imply an terrible, bloody battle.
There’s the potential for a panic in markets tomorrow. The massive query is whether or not they may lower off Russian oil and gasoline exports, or if Russia will try this themselves. That would create a super-spike in oil and gasoline costs.
There are additionally different exports from the area to contemplate, together with wheat and fertilizer. The primary response out there will probably be to promote every part and discover a protected haven.