Futures decline over Russian-Ukraine tensions

Futures decline over Russian-Ukraine tensions

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On Monday, U.S. stock index futures plummeted nearly 1%, indicating a new round of losses on Wall Street, as investors were alarmed by fears that Russia could attack Ukraine at any time.

The US has warned that an invasion is likely while maintaining diplomatic channels and reiterating its commitment to protecting every inch of NATO territory.

Warnings that Russia could attack Ukraine at any time pushed oil prices to seven-year highs, slashed the euro, and prompted investors to return to the safe-haven government bonds they had been selling all year.

In premarket trade, cyclical banks and industrials such as JPMorgan Chase & Co (JPM), Goldman Sachs Group Inc (GS), and others were all down between 1.4 percent and 1.9 percent.

Meta Platforms Inc, Apple Inc (AAPL), Tesla (TSLA), and other mega-cap growth companies lost between 1.1 and 2.3 percent.

The CBOE Market Volatility Index, often known as Wall Street’s fear barometer, hit a new high in nearly three weeks.

Global equity markets have been impacted by rising geopolitical uncertainties, with Asian equities starting the day on a negative note and European stocks following suit.

American Airlines (AAL) and Carnival (CUK) Corp, both in the travel industry, both fell more than 2%.

The Dow e-minis fell 0.79 percent, the S&P 500 e-minis fell 0.9 percent, and the Nasdaq 100 e-minis fell 1.06 percent.

Stocks in India fell after the close on Monday, owing to losses in the Real Estate, Metals, and Banking sectors.

The Nifty 50 index fell 3.06 percent to a fresh one-month low on the NSE, while the BSE Sensex 30 index fell 3.00 percent.

Tata Consultancy Services Ltd. (TCS) was the top performance on the Nifty 50 during the day, rising 1.05 percent or 38.80 points to end at 3733.75.

April gold futures were up 0.75 percent, or 13.75 cents, to $1855.85 a troy ounce. Crude oil for March delivery increased 0.06 percent to $93.16 per barrel, while Brent oil for April delivery rose 0.03 percent.

The US Dollar Index Futures were trading at 96.245, up 0.18 percent.


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