Investors don’t like uncertainty, and there’s more than enough of that to go around after a weekend in which Ukraine’s prime minister declared that his country is “on the brink of disaster.”
A number of market analysts put out client notes over the weekend. The general message: A serious confrontation between Russia and the West over Ukraine would likely lead to a general pullback in global stock markets.
On Sunday night, Dow Jones industrial average futures declined 116 points, or 0.7%, to 16,191 after trading began. Standard & Poor’s 500 index futures fell 16 points, or 0.9%, to 1,842. In trading Monday in Japan, Tokyo’s Nikkei 225 index was off 1.9%, offering a hint of how global markets may react.