Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 3 March 2014 [View all]xchrom
(108,903 posts)29. RUSSIAN STOCKS GET DECIMATED
http://www.businessinsider.com/micex-falls-after-ukraine-2014-3
Russia is already paying an economic price for its actions in Ukraine.
The Russian Central Bank was forced to hike interest rates over night from 5.5% to 7% in order to stem the plunging Russian ruble.
And the stock market has crashed.
The MICEX index, the country's benchmark index, is now down nearly 10%.
Bloomberg
The market has already been quite bearish on Russian assets this year, particularly the ruble. But the prospect of sanctions and an expensive conflict are leading to swift punishment in the market.
Meanwhile, markets are in selloff mode everywhere. US futures are down about 1%. Germany is down 2.7%. And gold is surging.
Read more: http://www.businessinsider.com/micex-falls-after-ukraine-2014-3#ixzz2utm3f1WA
Russia is already paying an economic price for its actions in Ukraine.
The Russian Central Bank was forced to hike interest rates over night from 5.5% to 7% in order to stem the plunging Russian ruble.
And the stock market has crashed.
The MICEX index, the country's benchmark index, is now down nearly 10%.
Bloomberg
The market has already been quite bearish on Russian assets this year, particularly the ruble. But the prospect of sanctions and an expensive conflict are leading to swift punishment in the market.
Meanwhile, markets are in selloff mode everywhere. US futures are down about 1%. Germany is down 2.7%. And gold is surging.
Read more: http://www.businessinsider.com/micex-falls-after-ukraine-2014-3#ixzz2utm3f1WA
Edit history
Please sign in to view edit histories.
53 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations