A decline in Global Stock Markets and a surge in bond prices were observed following the reports of Ukraine launching missiles into Russia for the very first time while Putin gave a thumbs up to modifications to the nuclear strategy of Moscow.
On Tuesday, the news outlet RBC-Ukraine reported that Kyiv executed its inaugural strike on Russian soil with the use of wester-supplied missiles, Investors are shifting towards currencies that are safe during these times, such as the Japanese Yen, US Dollar, and Swiss franc.
Later in an announcement, Moscow stated that Ukraine had launched six US-made Atacms missiles at the Bryansk region after Joe Biden’s decision the previous weekend to ease restrictions on their consumption. Senior officials from the US and Ukraine have confirmed that US-made Atacms missiles have been fired into the Russian territory.
Putin signed a decree on Tuesday that dropped the threshold for nuclear arms’s news. It is stated in the revised doctrine that a conventional assault on Russia by any nation which is backed by a nuclear power would be considered a collective attack.
A full-scale invasion of Ukraine has even more escalated now, which has now exceeded 1,000 days and has impacted stock markets all across Europe. The Stoxx 600 share index also fell more than 1% to its lowest point since August. Markets were also shaken by the news that Ukraine had launched US-supplied long-range missiles into Russia. This has also negatively affected the euro as per Fawad Razaqzada who is a market analyst at City Index and FOREX.com.
Razaqzada in his statement mentioned that the primary concern right now is how Russia will react to this, it is possible that Russia may deploy nuclear weapons under Putin’s updated nuclear doctrine as a retaliation to a serious attack on its territory.
Governments in the UK, US and Eurozone were also seen as safer options, reducing yields or interest rates on their debts.
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