Zürcher Nachrichten - European, US stocks fall as markets fear long Russian attack

EUR -
AED 3.873085
AFN 71.98403
ALL 98.091865
AMD 410.865926
ANG 1.906142
AOA 961.670233
ARS 1051.538092
AUD 1.632295
AWG 1.89276
AZN 1.796773
BAM 1.955638
BBD 2.135523
BDT 126.389518
BGN 1.958718
BHD 0.396967
BIF 3123.440963
BMD 1.054463
BND 1.417882
BOB 7.308394
BRL 6.112667
BSD 1.057612
BTN 88.859931
BWP 14.458801
BYN 3.461213
BYR 20667.465977
BZD 2.131923
CAD 1.486845
CDF 3021.035587
CHF 0.936297
CLF 0.037463
CLP 1028.384713
CNY 7.626405
CNH 7.630566
COP 4744.106555
CRC 538.255361
CUC 1.054463
CUP 27.943258
CVE 110.255856
CZK 25.271148
DJF 188.334381
DKK 7.463529
DOP 63.724715
DZD 140.438353
EGP 51.981689
ERN 15.816938
ETB 128.080678
FJD 2.399904
FKP 0.832305
GBP 0.835681
GEL 2.883997
GGP 0.832305
GHS 16.895599
GIP 0.832305
GMD 74.867216
GNF 9114.244125
GTQ 8.168323
GYD 221.171657
HKD 8.209133
HNL 26.709785
HRK 7.521754
HTG 139.038469
HUF 408.314303
IDR 16764.161957
ILS 3.948029
IMP 0.832305
INR 89.078624
IQD 1385.485097
IRR 44384.968904
ISK 145.147177
JEP 0.832305
JMD 167.96607
JOD 0.747724
JPY 162.746281
KES 136.968641
KGS 91.215016
KHR 4272.645655
KMF 491.985906
KPW 949.015895
KRW 1471.950676
KWD 0.32429
KYD 0.881427
KZT 525.596411
LAK 23240.072622
LBP 94711.445261
LKR 308.984375
LRD 194.603861
LSL 19.241504
LTL 3.113554
LVL 0.637834
LYD 5.165572
MAD 10.544126
MDL 19.217406
MGA 4919.592002
MKD 61.604891
MMK 3424.85323
MNT 3583.063688
MOP 8.480797
MRU 42.220499
MUR 49.781576
MVR 16.291845
MWK 1833.947905
MXN 21.463322
MYR 4.713979
MZN 67.384089
NAD 19.241504
NGN 1756.545202
NIO 38.916773
NOK 11.69185
NPR 142.176209
NZD 1.797139
OMR 0.405466
PAB 1.057612
PEN 4.015067
PGK 4.252647
PHP 61.930171
PKR 293.652946
PLN 4.319842
PYG 8252.315608
QAR 3.85558
RON 4.982551
RSD 116.987298
RUB 105.311966
RWF 1452.579533
SAR 3.960703
SBD 8.847383
SCR 14.594154
SDG 634.2631
SEK 11.576538
SGD 1.416885
SHP 0.832305
SLE 23.83472
SLL 22111.557433
SOS 604.449871
SRD 37.238876
STD 21825.245831
SVC 9.254233
SYP 2649.368641
SZL 19.234405
THB 36.739624
TJS 11.274465
TMT 3.701164
TND 3.336823
TOP 2.469661
TRY 36.323111
TTD 7.181404
TWD 34.245573
TZS 2813.266686
UAH 43.686277
UGX 3881.678079
USD 1.054463
UYU 45.386236
UZS 13537.877258
VES 48.222799
VND 26772.804141
VUV 125.187913
WST 2.943628
XAF 655.902604
XAG 0.034867
XAU 0.000411
XCD 2.849738
XDR 0.796734
XOF 655.902604
XPF 119.331742
YER 263.483869
ZAR 19.17963
ZMK 9491.432086
ZMW 29.037592
ZWL 339.536511
  • BCC

    -0.2600

    140.09

    -0.19%

  • SCS

    -0.0400

    13.23

    -0.3%

  • NGG

    0.3800

    62.75

    +0.61%

  • BCE

    -0.0200

    26.82

    -0.07%

  • CMSC

    0.0200

    24.57

    +0.08%

  • RIO

    0.5500

    60.98

    +0.9%

  • GSK

    -0.6509

    33.35

    -1.95%

  • JRI

    0.0235

    13.1

    +0.18%

  • RBGPF

    61.8400

    61.84

    +100%

  • AZN

    -1.8100

    63.23

    -2.86%

  • CMSD

    0.0822

    24.44

    +0.34%

  • BTI

    0.9000

    36.39

    +2.47%

  • RELX

    -1.5000

    44.45

    -3.37%

  • RYCEF

    0.0400

    6.82

    +0.59%

  • VOD

    0.0900

    8.77

    +1.03%

  • BP

    -0.0700

    28.98

    -0.24%

European, US stocks fall as markets fear long Russian attack
European, US stocks fall as markets fear long Russian attack

European, US stocks fall as markets fear long Russian attack

European and US stocks tumbled as investors monitored the worsening toll of the Russian invasion of Ukraine amid worries over high oil prices.

Text size:

Brent North Sea crude reached $119.84 per barrel, the highest level since early 2012, while WTI touched a 14-year peak -- but both gave up ground mid-session and finished lower.

Equity markets in Europe and New York rose early in the day, but the rally fizzled amid fresh headlines of carnage in Ukraine and new sanctions against Russia.

Among US indices, the Nasdaq was the hardest-hit, falling 1.6 percent.

The losses were greater in Europe, with Paris, Frankfurt and London all down at least 1.8 percent.

"Any rebounds we're seeing in risk appetite appear more driven by hope than reality and as we're seeing today, they're not lasting," said Oanda's Craig Erlam.

With more sanctions on Russia in the offing, "I struggle to see market sentiment dramatically improving for the foreseeable future."

Hopes for a quick end to the war faded as French President Emmanuel Macron said he fears the "worst is to come" after a conversation with Russian President Vladimir Putin.

Russian forces took the Black Sea port of Kherson in southern Ukraine, the first major city to fall after a string of setbacks for Moscow. They also pounded the besieged port city of Mariupol, which is without water or power.

"It feels like more escalation," said Art Hogan, chief strategist at National Securities, adding that investors are unnerved by the rise in oil prices over worries about the stability of Russian crude production.

"The longer you stay at elevated levels, the more of a drag there is on the global economy," Hogan said.

Elsewhere, the euro sank to the lowest level against the pound since mid-2016, as the start of a second week in fighting triggered concerns over the eurozone's economic recovery from the coronavirus pandemic.

"The Russian invasion-induced surge in oil has suddenly undermined European growth prospects," said Joe Manimbo, analyst at Western Union Business Solutions.

"Soaring energy puts a significant headwind on the economy by dampening growth prospects and intensifying upward pressure on record high inflation."

- Key figures around 2150 GMT -

Brent North Sea crude: DOWN 2.2 percent at $110.46 per barrel

West Texas Intermediate: DOWN 2.6 percent at $107.67 per barrel

New York - Dow: DOWN 0.3 percent at 33,794.66 (close)

New York - S&P 500: DOWN 0.5 percent at 4,363.49 (close)

New York - Nasdaq: DOWN 1.6 percent at 13,537.94 (close)

London - FTSE 100: DOWN 2.6 percent at 7,238.85 (close)

Frankfurt - DAX: DOWN 2.2 percent at 13,698.40 (close)

Paris - CAC 40: DOWN 1.8 percent at 6,378.37 (close)

EURO STOXX 50: DOWN 2.1 percent at 3,741.78 (close)

Tokyo - Nikkei 225: UP 0.7 percent at 26,577.27 (close)

Hong Kong - Hang Seng Index: UP 0.6 percent at 22,467.34 (close)

Shanghai - Composite: DOWN 0.1 percent at 3,481.11 (close)

Euro/dollar: DOWN at $1.1069 from $1.1119 late Wednesday

Pound/dollar: DOWN at $1.3350 from $1.3406

Euro/pound: DOWN at 82.89 pence from 82.94 pence

Dollar/yen: DOWN at 115.45 yen from 115.52 yen

burs-jmb/cs

A.Wyss--NZN