Oil rises above $ 100 when Russia invades Ukraine – live updates

Mr.good morning

Oil has finally surpassed the $ 100 milestone after Russia launched a large-scale invasion of Ukraine.

There are reports of several attacks in major cities, including Kiev, after President Vladimir Putin announced a “special military operation” that sparked the biggest conflict in Europe since World War II.

Brent reference oil jumped 5.5 percent to more than $ 102 a barrel, the highest since 2014.

There were also upheavals in wider markets. Market benchmarks in Tokyo and Seoul fell 2 percent, while Hong Kong and Sydney fell more than 3 percent.

5 things to start the day

1) Ikea opens first store in the heart of the city in the London expansion, worth 1 billion pounds Ikea’s first small store is a quarter the size of a traditional store

2) Other Chernobyl: Eastern Ukraine is threatened by a radioactive disaster Satellite images raise fear of polluted water spilling into rivers in old Donbas coal mines

3) Genetically modified crops will be a “big winner for Brexit tickets” for farmers. Farmers say the crop revolution will lead to more nutritious food production

4) The SFO is opening a criminal investigation into the collapse of Arena Television Glastonbury and Euro 2020 broadcaster accused of £ 280 million fraud

5) The decline in sales of the brand for pregnant women worn by the Duchess of Cambridge Seraphine blames rising costs, not falling birth rates, as it is forced to close trade in New York

What happened overnight

Asian stock markets plummeted on Thursday and oil prices soared after President Vladimir Putin announced Russian military action in Ukraine. Market benchmarks in Tokyo and Seoul fell 2 percent, while Hong Kong and Sydney fell more than 3 percent.

He’s coming today

• Company: Anglo American, BAE Systems, Centrica, Derwent London, Drax Group, Grafton, Hikma Pharmaceuticals, Howden Joinery, Inchcape, Lloyds Banking Group, Morgan Sindall, Rathbones Group, Rolls Royce, Serco, Spectris, St James’s Place, WPP (year-round results); Genus, Hays, Pantheon International (intermediate)
• economy: Consumer confidence (United Kingdom, EU)Chicago Fed National Activity Index (USA)unemployment claims (USA)sale of new housing (USA)business climate (EU)