News > Global stock markets skittled by Ukraine fears, oil scales 7-year peak
Global stock markets skittled by Ukraine fears, oil scales 7-year peak
Business Standard | 14/02/2022 04:43 PM | Click to read full article
World shares skidded on Monday as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, belted the euro and sent investors scuttling back to the safe-haven government bonds they have been dumping all year.
Europe's STOXX 600 share index tumbled 2.5%, Wall Street futures were down 0.6%, though it was Ukraine's government bonds that understandably showed the most alarm as they slumped 10%.
