Global headache ๐ค
Feb 28, 2023๐บ๐ฆ๐ท๐บ 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.
๐ All details can be found here.