Ukraine reported coming under large-scale Russian air strikes, escalating military hostilities after periods of relative calm. The renewed attacks are triggering risk-off sentiment, boosting safe-haven demand for gold and U.S. Treasuries while pressuring emerging market assets, particularly those linked to Eastern Europe. Russian and Ukrainian sovereign bonds and equities face renewed volatility due to heightened war risk and potential for broader regional spillover. Energy markets are also reacting, with Brent crude seeing upward pressure on concerns over Black Sea shipping disruptions and infrastructure damage. Traders will watch for any NATO response statements or changes in Western sanctions policy as a key near-term catalyst.
Ukraine Faces Major Russian Air Strikes Amid Ongoing Conflict
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