NEWSLETTER
Thursday / September 29Sep 29
Tuesday / March 1
Zelensky's call
Ukrainian President Volodymyr Zelenskiy urged the West on Monday to consider establishing a no-fly zone over Ukraine for Russian aircraft, after Moscow bombed his country's second-largest city, Kharkiv.
"A no-fly zone would require implementation," US President Biden's Press Secretary Jen Psaki said. Such a move would require "deploying U.S. military to enforce, which would be... potentially a direct conflict, and potentially a war with Russia, which is something we are not planning to be a part of."
Images provided by the US satellite company Maxar showed a Russian military convoy stretching for 27 km and approaching the capital, Kiev, which remains under the control of the Ukrainian government.
According to the agencies, the signs that are normally used for traffic warnings on the streets of Kyiv read the message "Putin lost the war. The whole world is on Ukraine's side".
Ukrainian presidential adviser Mykhailo Podolyak told reporters that their first meeting with Russia on the Belarusian border ended as officials returned to the capitals for further consultation ahead of the second round of talks.
Russia isolated
Russia faces increased international isolation due to its invasion of Ukraine.
Banks around the world are ending relations with a number of Russian banks as they impose Western sanctions against Russia, with funds and stock markets being withdrawn.
The US, UK, Europe and Canada announced new sanctions on Russia on Saturday – including blocking certain banks from accessing the SWIFT international payments system.
The London Stock Exchange has suspended the membership of VTB Capital, which is owned by VTB.
Other exchanges have made similar moves. Nasdaq and the New York Stock Exchange temporarily suspended the trading of shares of Russian-based companies.
Two of South Korea's leading banks confirmed on Monday that they have halted trade finance with at least seven Russian banks, although they have yet to receive specific instructions from SWIFT.
France's Societe Generale said it was "rapidly implementing ... all measures connected with the new sanctions being created".
Deutsche Bank, Germany's largest bank, said it has launched a website to help its corporate clients deal with the Russian situation.
US stocks
The Dow Jones Industrial Average closed at 33,892.6 points, down 0.49%, while the S&P 500 lost 0.24% at 4,373.94 points.
The Nasdaq Composite Index rose 0.41% to 13,751.40.
Volume on US exchanges totaled 14.5 billion shares on Monday, compared to an average of 12.2 billion for the full session over the last 20 trading days.
The S&P 500 fell 3.15% in February, while the Nasdaq lost 3.43%. So far in 2022, the S&P 500 has lost over 8%, the index's deepest two-month decline since March 2020.
The worsening geopolitical crisis is supporting investors' concerns about rising inflation and the Fed's rate hike plans. The S&P 500 and Nasdaq posted their biggest two-month declines since the pandemic-induced crash in March 2020.
The CBOE volatility index, also known as Wall Street's fear indicator, rose for the second consecutive session.
Ukrainian President Volodymyr Zelenskiy urged the West on Monday to consider establishing a no-fly zone over Ukraine for Russian aircraft, after Moscow bombed his country's second-largest city, Kharkiv.
"A no-fly zone would require implementation," US President Biden's Press Secretary Jen Psaki said. Such a move would require "deploying U.S. military to enforce, which would be... potentially a direct conflict, and potentially a war with Russia, which is something we are not planning to be a part of."
Images provided by the US satellite company Maxar showed a Russian military convoy stretching for 27 km and approaching the capital, Kiev, which remains under the control of the Ukrainian government.
According to the agencies, the signs that are normally used for traffic warnings on the streets of Kyiv read the message "Putin lost the war. The whole world is on Ukraine's side".
Ukrainian presidential adviser Mykhailo Podolyak told reporters that their first meeting with Russia on the Belarusian border ended as officials returned to the capitals for further consultation ahead of the second round of talks.
Russia isolated
Russia faces increased international isolation due to its invasion of Ukraine.
Banks around the world are ending relations with a number of Russian banks as they impose Western sanctions against Russia, with funds and stock markets being withdrawn.
The US, UK, Europe and Canada announced new sanctions on Russia on Saturday – including blocking certain banks from accessing the SWIFT international payments system.
The London Stock Exchange has suspended the membership of VTB Capital, which is owned by VTB.
Other exchanges have made similar moves. Nasdaq and the New York Stock Exchange temporarily suspended the trading of shares of Russian-based companies.
Two of South Korea's leading banks confirmed on Monday that they have halted trade finance with at least seven Russian banks, although they have yet to receive specific instructions from SWIFT.
France's Societe Generale said it was "rapidly implementing ... all measures connected with the new sanctions being created".
Deutsche Bank, Germany's largest bank, said it has launched a website to help its corporate clients deal with the Russian situation.
US stocks
The Dow Jones Industrial Average closed at 33,892.6 points, down 0.49%, while the S&P 500 lost 0.24% at 4,373.94 points.
The Nasdaq Composite Index rose 0.41% to 13,751.40.
Volume on US exchanges totaled 14.5 billion shares on Monday, compared to an average of 12.2 billion for the full session over the last 20 trading days.
The S&P 500 fell 3.15% in February, while the Nasdaq lost 3.43%. So far in 2022, the S&P 500 has lost over 8%, the index's deepest two-month decline since March 2020.
The worsening geopolitical crisis is supporting investors' concerns about rising inflation and the Fed's rate hike plans. The S&P 500 and Nasdaq posted their biggest two-month declines since the pandemic-induced crash in March 2020.
The CBOE volatility index, also known as Wall Street's fear indicator, rose for the second consecutive session.
