Stock markets collapsed on new Russian attack on Ukraine and expectation of rate hike

The falls were due in part to the belief that the Federal Reserve US will take a more dovish stance on monetary policy died out on Friday with data showing US unemployment fell in September, pointing to a persistently tight labor market.

The dollar was flat once morest a basket of currencies, while a series of market measures on investor nervousness showed an increase.

Russian missiles have killed civilians and knocked out power and heat in cities across Ukraine in apparent revenge attacks following President Vladimir Putin declared an explosion on the Russian bridge to Crimea a terror attack.

The market expects US consumer inflation to have moderated to 8.1% annually, but core inflation is expected to have accelerated to 6.5% from 6.3%. US CPI data will be released on Thursday.

The The Paris and London stock markets both lost 0.5%while Madrid ended with a fall of 0.3%, Frankfurt closed stable, and the square of Milan,was the exception, ended with a slight rise of 0.1%.

Los chinese values First class fell 0.2%following a survey that showed the first contraction in services sector activity in four months.

The US dollar rises for fourth consecutive session, as investors eye this week’s inflation data, which is expected to show that price pressures remain in the world’s largest economy, which would prolong the Federal Reserve’s aggressive monetary policy into next year .

The pound sterlingfor its part, falls for the fourth consecutive session, despite the fact that the Bank of England extended its support to financial markets.

Brent crude futures fell $1.73, or 1.8%, to $96.19 a barrel and West Texas Intermediate crude lost $1.51, or 1.6%, to $91.13. the barrel. Investors took profits following last week’s 11% rise, following OPEC + agreed to reduce the supply of hydrocarbons.

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