Civilisation has operated in two ways - To make one part of society more affluent and the other more wretched than would have been the lot of either in a natural state
There are Natural Rights and Civil Rights. Life, Liberty and the Pursuit of Happiness
Where Our Power to Execute Our Natural Rights is Perfect, Government has No Legitimate Jurisdiction
When the Forces for War are Greater than the Forces for Peace   Then the World is in Danger
Politics is not a Dirty Word. It is a Way of Life. How is Your Way of Life Today ?

Money-Gambling on Global Stocks and Shares -All that is Corrupt with the World

World stock markets plunge over Ukraine crisis
Tue Mar 4, 2014 2:47AM GMT

Stock markets have plunged in the US, Europe and Russia amid political tension over the crisis in Ukraine.

Global stocks slumped on Monday as Western powers threatened Russia with “sanctions and boycotts” because of its deployment of troops to the Crimea region of Ukraine.

European markets were hit hard, with the Euro STOXX 50 index losing three percent, and London’s FTSE 100 dropping 1.5 percent.

Moreover, Frankfurt’s DAX 30 fell 3.4 percent and Paris’s CAC 40 plunged 2.7 percent.

In the US, the Dow Jones lost nearly one percent and the S&P 500 lost 0.7 percent.

“Rising tensions between Russia and the West has set investors on a war footing … with stocks being hammered,” Mike McCudden, head of derivatives at online broker Interactive Investor, said.

MICEX stock market in Moscow finished down 10.8 percent while the RTS bourse shed 12 percent.

Oil prices rose to their record high this year since there are fears that the crisis in Ukraine may lead to energy market disruptions.

“The decision by Russia’s central bank to raise interest rates … is a clear attempt to stem outflows of capital from financial markets following the escalation of the crisis in Ukraine over the weekend,” Neil Shearing, a London-based economist at Capital Economics research company, said.

Ukraine currently experiences severe economic conditions, seeking new funding from the International Monetary Fund (IMF), the United States and the European Union. Ukrainian officials say the country requires $35 billion during the next two years.


Similar Recent Posts by this Author:

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email