As Russia goes to war, Ukraine’s President Volodymyr Zelenskyy announces the imposition of martial law, which will cover the entire country.
Zelenskyy noted: “Russia carried out missile strikes on our infrastructure and on our border guards.”
This comes after Ukrainian President Zelensky and his American counterpart Joe Biden spoke on the phone, earlier on.
Meanwhile, various witnesses are tweeting of Hypersonic missiles being used to attack Kramatorsk while Ukraine’s 54th mechanized base just got shot.
The Russian war on Ukraine has just begun and is likely to keep the demand for safe-haven assets notably high.
The fear gauge, S&P 500 futures are down roughly 2% on the day.
S&P 500 futures sink 2% as Russia takes over Ukraine
The risk appetite of investors has squeezed principally in the Asian session after the expectation of an imminent war situation between Russia and Ukraine confirmed by NATO. A build of 2000k Russian troops in the Donbas region of eastern Ukraine has put Ukraine under attack. The S&P 500 futures, Asian markets, antipodeans, and other risk-sensitive assets have taken a bullet after the headlines on the Russia-Ukraine war get flooded with explosions, military troops, and nervous statements from the world leaders.
While bullions and US Dollar index (DXY) are shining higher on the risk-aversion theme and crude oil prices is gaining momentum on expectations of a serious cut in total global oil supplies.
S&P 500 futures skid near 4,120 on the headlines of explosions, which have begun sounding in the distance in Kyiv. The prayers from the entire world to support Ukraine against an unjustified attack by Russia are indicating massive havoc in the market.
Russian Defense Ministry said in a statement on Thursday, the country is attacking Ukraine’s military infrastructure with high-precision weapons, per RIA.
Meanwhile, US Senator Marco Rubio, Vice Chairman of the Select Committee on Intelligence, tweeted again, “#Russia isn’t just focused on seizing eastern #Ukraine Russian military forces are working towards isolating #Kyiv at this very moment.”
Gold Price Forecast: XAU/USD surges to $1,949.09 on Russian military attack on Ukraine
