Ukraine crisis shock to financial markets / Which markets grew?

According to Trade News, the decline in hopes for a diplomatic solution to the tension between Ukraine and Russia increased the supply of shares on US, European and Asian stock exchanges. The Dow Jones Industrial Average fell 1.43 percent during trading on Friday and the Top 500 Index fell 1.9 percent.

According to Euronews, the index of the top 50 companies in the Eurozone also fell by one percent and the Shanghai Stock Exchange index by 7 percent. Russia’s RSX traded down 7 percent.

Financial market analysts have blamed the White House for the Russian air strike on Ukraine ahead of the Beijing Winter Olympics and the immediate withdrawal of Americans from Ukraine.

What effect does the attack on Ukraine have on oil prices?

Brent crude rose 3.31 percent to $ 94.44 a barrel on Friday as Russia’s military strike on Ukraine strengthened its energy supply.

Analysts at JP Morgan Investment Bank predicted earlier this week that if Russia “disrupts” oil flows, world oil prices could quickly reach $ 210 and could hit a record $ 150. Earlier, Brent crude hit a record high of $ 147.50 in July 2008.

Russia is the second largest oil producer in the world after the United States and the most important supplier of gas to Europe.

As the Ukraine crisis intensified, the world price of an ounce of gold rose 1.7 percent to $ 1,859 on Friday, the highest level in three months.

Experts believe that in the event of a Russian military invasion of Ukraine, oil and gold prices will continue to rise, which will result in more inflation for consumers.