Global headache ๐Ÿค•

swine o'clock Feb 28, 2023

๐Ÿ‡บ๐Ÿ‡ฆ๐Ÿ‡ท๐Ÿ‡บ Russia's invasion of Ukraine – Europe's biggest conflict since World War II – has disrupted economies around the world and shaped global financial markets. Here’s how:

     • The US dollar has been reigning supreme: the war has dropped many bombs, including on the euro – which lifted the American currency. The Russian currency has also been through many swings.

     • The post-COVID-19 reopening had already sent prices flying, but the Russian invasion made European natural gas prices rocket. The same can be said about food.

     • European banks took a drubbing. Since then, those that have slashed links have outperformed and those that have not continue to see their shares take a hit.

๐Ÿ”Ž All details can be found here