Skip to content

Stocks Retreat, Ruble Weakens on Ukraine Tension: Markets Wrap

  • Comments from Kremlin diminish hope for a diplomatic solution
  • U.S. stock market shut for holiday, but equity futures slump
Bloomberg business news
WATCH; BNP Paribas favors Hong Kong, South Korea, Singapore bank, says Manishi Raychaudhuri, head of Asia Pacific equity research.Source: Bloomberg
Updated on

Stocks and index futures slumped as the standoff over Ukraine appeared to worsen. Russian stocks sank the most since the 2008 global financial crisis, and the ruble weakened a third straight day.

Futures on the S&P 500 and Nasdaq 100 retreated as the U.S. stock market was shut for a holiday. The Stoxx Europe 600 index fell to the lowest level since October. The MOEX Russia Index plunged as much as 14%.