U.S. stock futures fell in Asia on Monday, bonds rose and oil prices soared amid heightened market uncertainty after Putin ordered the nuclear deterrent to be placed on special combat readiness after the West announced tougher sanctions for Russia’s invasion of Ukraine.
S&P 500 contracts fell more than 2%, while the tech-heavy Nasdaq 100 fell about 3%. Crude soared more than 7% at one point, before paring losses to within 5%.
The 10-year U.S. Treasury yield fell 7 basis points to 1.89%.DollarThe index rose about 0.6 percent to 97.15.bybitcoinMajor cryptocurrencies generally fell,bitcoinfell to 38000 Dollarbelow. Gold once rose to 1930 Dollarand then maintained an increase of about 1% to 1910 Dollarnearby.
Asian stocks opened slightly lower, the Nikkei 225 opened 0.1% lower, and South Korea’s KOSPI fell 0.5%.
Due to concerns about economic risks in Europe,EURagainstDollardown about 1%. Rebounds in Australian bonds and gold signaled demand for safe-haven assets, while commodity-linked currencies and some emerging market currencies fell.
Tougher measures to try to stop Russia’s central bank from using reserves to undermine sanctions and exclude some Russian banks from propping up trillions of dollars in valueDollarTransactions outside the SWIFT system.