Bloomberg As Russian Market Goes Dark, U.S. ETFs Show Extent of Damage
With Russia’s stock market closed, U.S. exchange-traded funds are signaling the scale of the rout facing the nation’s equity market.
With Russia’s stock market closed, U.S. exchange-traded funds are signaling the scale of the rout facing the nation’s equity market.
While Russian raw materials were so far exempted from sanctions, the threat of a severe dislocation to flows will increase as the conflict escalates.
JPMorgan is among the first Wall Street banks to take a stab at estimating the economic fallout for Russia from fresh Western sanctions.
Money markets are showing most stress since early days of pandemic as traders race for dollars in wake of toughened sanctions against Russia.
Hat tip to TKer’s Sam Ro for call out of Goldman Sachs data, suggesting market is still relatively bullish despite what’s happening in Eastern Europe.
Russia’s rout on Thursday is the fifth-worst plunge in equity market history in local currency terms as investors sold the nation’s assets.
Bond investors’ short-term U.S. inflation expectations jumped to a record as oil, natural gas and coal surged.