The Russia-Ukraine conflict has recently brought to life another disturbing issue. The world froze in fear of a new catastrophe upon the news about the Ukrainian Zaporizhzhia Nuclear Plant Attack. Fortunately, according to the International Atomic Energy Agency data, all the important equipment of the Europe's biggest nuclear power plant was saved and the radiation levels stayed unchanged. Still, the markets have already reacted with European stocks slumping again.
Another biggest issue for today is the continuing disruption of energy supplies caused with the massive international anti-Russian sanctions. The vice chairman of IHS Markit Daniel Yergin has already stated that the big supply crisis is about to come. Russia is still the biggest oil and gas producer so the world economies are going to experience drastic fall in growth long after the crisis that currently shows no signs of ending.
See the summary of the markets’ reaction on March 4:
The second ceasefire talks didn’t show satisfying results so the global sentiment over the Ukranian conflict is still pessimistic. However, as the nuclear danger seems to be over, the assets might regain their previous positions. Here’s the info on the currently recognized trends.
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