Ukraine Carries Out First Strike With US Missiles in Russia
Published On Nov 19, 2024, 9:17 AM
Ukrainian forces executed their first strike using Western-supplied ATACMS missiles against a military facility in Russia's Bryansk region. This development follows an acknowledgment from the Biden administration permitting Ukraine to use these missiles for targeted strikes inside Russia. In reaction, Russian President Vladimir Putin expanded Russia's nuclear doctrine, stating that Russia could respond with nuclear weapons if attacked conventionally. The situation increases tensions significantly as the conflict nears its 1000th day and while both sides remain entrenched in an exhausting battle with no decisive outcome. Investors appear uneasy, leading to a surge in safe-haven assets like government bonds and currencies such as the yen and Swiss franc.
Stock Forecasts
SPY
Negative
The heightened military conflict and the potential for escalated responses from Russia could create volatility in markets, especially in sectors sensitive to geopolitical tensions. This situation generally prompts a flight to safety among investors, impacting stocks linked to defense and security, as well as traditional safe-haven assets.
LMT
Positive
Defense contractors may benefit from increased military spending and support for Ukraine as tensions rise. Companies like Lockheed Martin that produce ATACMS and similar military equipment could see their stock performance improve as governments ramp up defense spending.
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