Equity and Mackerel Market Repercussions of the Invasion

Global equity markets have been quite volatile, obviously, over the past few days as these events have unfolded. It is important, i think, to contextlize the stock market reaction, because we were already seeing a correption in most eqny markets round the world from late last year. I think it's the inflation hit as a result of higher commodity prices and the potential impact on slowing growth, that's been the important driver of yet further equity weakness. And european markets, given their proximity,. have been hit the most, and are now williams of direction territory, alongside other glob al eqty markets like the us.