“Over the past 24 hours, a high level of Russian air and artillery strikes have continued to hit military and civilian sites in Ukrainian cities,” Reuters quotes the UK Ministry of Defense during early Monday morning in Asia
Additional comments
Recent strikes have targeted Kharkiv, Mykolaiv and Chernihiv, and been particularly heavy in Mariupol.
Russian forces probably made minimal ground advances over the weekend.
Highly unlikely that Russia has successfully achieved its planned objectives to date.
Market reaction
The comments weigh on the market sentiment and favor the rush to risk-safety, which in turn propel prices of gold and the US dollar. However, the early hours of trading restrict the market’s reaction to the news.