Russia's Invasion of Ukraine Shocks Global Markets

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 25 February 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Russia’s invasion of Ukraine has shocked global financial markets, highlighted by a 31% spike in the spot price for European natural gas. Brent crude oil crossed the psychologically significant $100-per-barrel mark, and the May 2022 Euronext wheat contract surged by nearly 8%. U.S. equity markets were mixed two hours ahead of the close of regular trading, with the Dow Jones Industrial Average and the S&P 500 Index down 1.63% and 0.69%, respectively, but the Nasdaq up 0.61%. Bond yields are falling, as investors seek safe havens. Meanwhile, Russian tanks are rolling across Ukraine, President Vladimir Putin’s troops now control the Chernobyl nuclear site, and Western allies expect Kyiv to fall within hours. Jacob Shapiro, founder and chief strategist of Perch Perspectives, and Thomas Thornton, founder of Hedge Fund Telemetry, join Real Vision’s Maggie Lake to discuss the geopolitical situation and markets’ reaction to the specter of the most significant conflict since World War II. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3t3TPhR Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Mailchimp would like to talk to you about customers.
0:03.6	A customer is what happens when marketers fail to personalise their marketing,
0:07.7	grouping customers with very different behaviours into one tangled mess.
0:11.8	But with Mailchimp, marketers can use real-time behaviour data to personalise every email for every customer.
0:18.2	So get Mailchimp and turn your customers into customers.
0:22.4	Into it Mailchimp, the number one email marketing and automation brand.
0:26.7	Based on customer numbers, per verification email, advertising at Mailchimp.com.
0:35.3	Welcome to the revision, Daily Briefing. It's Wednesday, February. No, it's Thursday, February 24th.
0:41.2	I'm magulay. Hard to keep track of what's going on today because it has been a lot.
0:45.2	Investors woke up to news today that Russia launched a major military invasion of Ukraine
0:50.8	sending markets around the world, reeling the EU-US and their allies,
0:56.0	responded with a raft of sanctions that target Russian banks, members of Putin's inner circle,
1:01.0	and include export controls. We have two guests to help us make sense of these geopolitical
1:07.0	developments. Jacob Shapiro is the founder and chief strategist of Perch Perspectives.
1:11.2	And Tommy Thornton is the founder of hedge fund telemetry.
1:14.7	A gentleman so great to have you both with us today. We have so much ground to cover before we jump
1:19.6	in. I just want to highlight what has been a huge turnaround here in US equity markets as we head
1:25.3	into the close after selling off heavily at the start, the NASA coming all the way back now up
1:32.1	3% into the close. That's a 6% turnaround in one day. I mean, you know, this is volatility at
1:38.8	its extreme. We're also seeing the S&P rebound as well. No such luck for European equities.
1:45.8	They ended the day with heavy losses down 4%. The US turnaround coming after the announcement
1:52.4	of sanctions that appeared to be not as severe as feared coming from the Biden administration. Jacob,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.