- Events have moved quickly since our update on February 22. It’s unclear whether this is the shock and awe phase of a limited incursion or the beginning of a full-scale invasion that seeks regime change in Kyiv.
- USD/RUB touched 90 overnight before fading back to the mid-80s—a record low. Global stocks tumbled, with the S&P 500 Index falling 2.50% at open, while havens and commodities surged.
- While the situation in Ukraine is both unique and developing, financial markets tend to recover quickly from geopolitical events.
For further details see:
Russia Invades Ukraine. What Does This Mean For Investors?