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Premium: As chaos reigns in Ukraine, markets rebound – sell on rumour, buy on fact?
Russian forces renewed bombing Ukraine in the early hours of Friday morning after Putin ordered an offensive that he said was aimed at toppling the government.
A friend who called yesterday passed on news that Vladimir Putin took only hours to break a promise made to the Russian people. In a 6am national television broadcast Putin said he had no intention of occupying Ukraine. By mid-morning his forces crossed Ukraine's border at various points in pincer movement to surround his enemy's main army. This morning he is bombing Kyiv (see below).
On reflection, there was something surreal about the way yesterday's conversation with my pal quickly moved to another subject. Probably because we are blessed by living a hemisphere away. Remote and happily detached from what Joe Biden describes as "a premeditated war that will bring a catastrophic loss of life and human suffering".
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