Global stocks tumble as fears of Russian invasion grow

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Global stocks tumble as fears of Russian invasion grow
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European and Asian stocks fell after the United States warned that a Russian invasion of Ukraine could happen as soon as this week.

At mid-day in Europe, London's FTSE 100 was down 1.1%, while Germany's DAX 30 and France's CAC 40 fell 1.9% and 2.1%, respectively.Investors in Asia were equally jittery, as Japan's Nikkei 225 closed down 2.2%, while South Korea's Kospi was down 1.6% at the end of the trading day. Chinese markets saw losses, too, with the benchmark Shanghai Composite Index down 1%. Hong Kong's Hang Seng Index fell 1.4%.

If Ukraine refused"the idea of joining NATO" it"would significantly contribute to the formulation of a more meaningful response to Russian concerns," Peskov said.The Ukrainian and Belarusian defense ministers also held a "positive" phone call aimed at relieving tensions. Russia has sent tens of thousands of troops into Belarus near the Ukrainian border.Brent crude futures were trading at $93.91 a barrel — after starting the year at $78.

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