The missile strikes on Ukraine shook the world’s stock markets.

Tuesday, October 11, 2022
The missile strikes on Ukraine shook the world’s stock markets.

On October 10, global stocks fell after Russia’s assault of Ukraine. The renewed concern for the global economic outlook has sent investors into safe-haven assets such as the dollar and bonds. The MSCI All-World Index fell 0.4%, its fourth straight day of losses. The pan-European STOXX 600 fell 0.2% to hit a weekly low, while the FTSE 100 fell 0.4%. S&P 500 futures fell 0.3% and Nasdaq fell 0.4%. The yield on Germany’s 10-year bond, the benchmark for the region, was steady at 2.195%, while the more sensitive 2-year Schatz fell 7 basis points to 1.795%. The dollar index rose 0.2% to 113.06, leaving the euro down 0.3% to $0.9707 and the yen unchanged at 145.465.

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