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Monday, March 3, 2014

Stock Markets Around The World Are Tanking (SPX, SPY, DIA, DJI, QQQ, TLT, TBT, GLD, DXY)

Rising military tensions on the border between Ukraine and Russia have sent global markets into a tailspin of risk aversion to begin the week.

S&P 500 futures are down 0.8%, while 10-year U.S. Treasury futures are up 0.4%, and the yield on the 10-year Treasury note is 2.61%, four basis points below Friday's close.

Stock markets across Europe are down anywhere from 1.5% (in London) to 2.7% (in Germany), and government bonds across the continent are rallying, with the exception of those in Portugal and Greece. Overnight, Asian equity indices sold off as well.

NYMEX crude oil futures are up 1.9%, trading around $104.50 a barrel.

And of course, the Russian stock market is getting destroyed.

The charts below show the moves across various markets. Across the top from left to right are S&P 500 futures, the U.S. dollar-Japanese yen exchange rate, and the euro-U.S. dollar exchange rate. Across the bottom are gold futures, 10-year U.S. Treasury note futures, and NYMEX crude oil futures.

READ MORE ... Wall Street's take on Ukraine

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READ THE ORIGINAL POST AT www.businessinsider.com