Stocks slumped, while bonds rallied at the end of a jittery week marked by a standoff between the West and Russia as well as worries about the Federal Reserve’s next policy steps.
Traders also took risk off the table ahead of Monday’s US holiday.P 500, with the $2.2 trillion options expiration Friday exacerbating moves. The SP 500 fell 1 per cent as of 5am AEDT. The Dow Jones Industrial Average fell 275 points, or 0.8 per cent, to 34,037 and the Nasdaq fell 1.5 per cent.
has massed as many as 190,000 personnel in and around Ukraine, calling it the most-significant military mobilisation since World War II.Russia told the US this week it has no plans to attack. Citing escalations in the breakaway Donbas region of Ukraine, Russian President Vladimir Putin called on Kyiv to “sit down at the negotiating table” with separatist leaders “and agree on political, military, economic and humanitarian measures to end the conflict.
“Right now, we’re hedged and ready for a big punch to the stomach, but it may not hurt as badly as we think. It’s a good recipe for a relief rally when headlines calm down.” “Beyond this, investor sentiment is likely to remain downbeat anyway given concerns about surging inflationary pressures around the world and policy tightening from the Fed.”US sovereign debt attracted $7.4 billion in inflows, the most since the coronavirus pandemic first struck, according to a Bank of America note
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