The most significant market impact of the invasion is in commodities markets.
Stock, commodity and energy markets whipsawed on news of Russia's invasion of Ukraine.The violent reaction of financial markets suggests investors think Russia's aggression could further unsettle a world economy struggling to recover from the pandemic.The S&P 500 was down more than 2% at times in morning trading, before curtailing losses.
The benchmark index is down more than 7% this month, putting February on track to be the worst month for the market since the start of the pandemic in March 2020.The most significant market impact of the invasion is in commodities markets, where Russia is a massive producer of a wide range of metals, grains and energy products.
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