LONDON—Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine.
Markets displayed all the predictable reactions. Europe’s, main stock markets opened 2.5 percent–4 percent lower, and benchmark government bonds, the dollar, Swiss franc, Japanese yen, and gold all rallied in a move to safety.
