Ukraine crisis: A nasty wobble for stockmarkets

Western stock markets have taken a knock over the crisis in Ukraine.

Russia's invasion of Crimea is "the worst crisis in Europe in the 21st century", according to British foreign secretary William Hague. Western markets had a nasty wobble early this week as a result. Germany's Dax index, for instance, lost 4%, its worst one-day performance since November 2011.

Still, market history shows that "geopolitical risks have a tendency to go away" before too long, as Economist.com's Buttonwood blog points out. And while stocks slump when a crisis first breaks, they are typically higher a few months or weeks later once the uncertainty begins to lift.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.