Stock markets in Britain and around the world plunged today after Russia attacked Ukraine amid fears that a war in Europe will fuel higher inflation and derail the economic recovery following the pandemic.
The FTSE 100 in London fell by 2.73 per cent or 204 points to 7,294 in early trading this morning – while oil prices surged by 6 per cent, pushing Brent crude to $103 and past $100 a barrel for the first time since September 2014.
The Dax in Germany fell by 3.8 per cent or 555 points to 14,076 this morning, while the CAC 40 in France was down 3.4 per cent or 230 points to 6,550 as analysts declared that stock markets were ‘getting hit very hard’.
Russian forces fired missiles at several cities in Ukraine and landed troops on its south coast this morning after President Vladimir Putin authorised the military operation in response to what he said were threats from Ukraine.
Overnight, stocks in Asia fell with the Hang Seng in Hong Kong losing 3.1 per cent; the Kospi in Seoul falling 2.6 per cent; the Shanghai Composite Index down 0.9 per cent; and the Nikkei 225 in Tokyo dropping 2.2…
