RUSL - European stocks slip 2% on Ukraine tensions energy prices jump

A weekend call between President Biden and Vladimir Putin didn't produce any breakthroughs on the situation in Ukraine, though many analysts didn't anticipate a resolution. The U.S. is not giving in to Russian demands - that NATO pull back its presence in eastern Europe or never allow Ukraine to join the military alliance - and in fact, sees that an invasion could be imminent. National Security Advisor Jake Sullivan feels an assault could come "any day now," meaning an incursion may happen in the middle of the Beijing Winter Olympic, which was previously seen as no go since the Games are being hosted by ally President Xi Jinping. Market spillover: The uncertainty has financial markets on edge, with the pan-European Stoxx 600 opening down 2.6% on Monday, while stock index futures in the U.S. also headed lower. In the energy sector, benchmark European gas prices soared as much as 14% on concerns that a

For further details see:

European stocks slip 2% on Ukraine tensions, energy prices jump