Inflation Threat Spikes Across Markets as Russia Acts on Ukraine

Inflationary forces are mounting rapidly across financial markets, adding to challenges for investors as Russia’s military action in Ukraine compounds the impact of the coronavirus pandemic.

Brent crude oil futures surged above $100 a barrel on Thursday to levels last seen in a 2014, a move that will ripple through energy markets, factories and on to consumers. The cost of producing food will also jump, putting particular pressure on emerging markets.