Oliver Mangan: Ukraine conflict set to keep markets volatile

Uncertainty in regard to Ukraine is a factor that markets will have to contend within the coming weeks

Damaged radar arrays and other equipment is seen at Ukrainian military facility outside Mariupol, Ukraine. Picture:AP Photo/Sergei Grits

The initial reaction in financial markets to Russia’s full-scale invasion of Ukraine was along expected lines, with rising risk aversion and a flight to safety.

This saw stock markets fall back, credit spreads widen, bonds rally and safe-haven currencies like the dollar, yen and Swiss franc make ground.