Stock markets fell in Europe and were mixed on Wall Street as fears of escalation of Russia’s war against Ukraine prompted investors to retreat.
Moscow vowed to react “accordingly” after saying Ukraine had fired its first US-made long range missile onto Russian territory after being cleared to do so by US President Joe Biden.
“The news rattled markets this morning, driving European stocks lower and reinforcing bearish momentum” against the euro, said Fawad Razaqzada, market analyst at Forex.com.
“We are getting close to very dangerous territories,” he said.
US shares fell at the opening but then clawed back some of their losses, lifted by strong guidance from retailer Walmart and expectations of positive earnings from chip-maker Nvidia.
The Dow Jones index was lower, the wider S&P 500 little changed and the tech-heavy Nasdaq higher in late morning trading.
All the main indexes in Europe closed in the red, though off their lows for the…
