Vladimir Putin will annex four regions of Ukraine on Friday, in an escalation of its invasion of Ukraine
Global stocks and government bonds tumbled as the boost wore off from the Bank of England’s intervention on Wednesday to support UK government debt markets. Wall Street’s benchmark S&P 500 dropped as much as 3 per cent, touching its lowest level since November 2020, before recovering to close 2.1 per cent lower on Thursday. The Nasdaq Composite, which is dominated by tech groups that are regarded by investors as particularly sensitive to higher interest rates, tumbled 2.8 per cent.
U.S. stocks cascaded Thursday — with Apple leading the way down — as renewed recession jitters permeated Wall Street and wiped gains from a fleeting relief bounce in the previous session.