Possible scenario
Strike Campaign Expands
−0.5%
Russia may continue the campaign implied by Putin’s order to make Ukrainian cities uninhabitable, targeting shelters, power, rail and municipal services. This would intensify civilian evacuations and increase near-term geopolitical risk without necessarily changing the strategic balance.
What it moves
- Industrials+0.4%
- Consumer Services−0.2%
- Market volatility
- Riskier companies' borrowing costs
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