Major US market indices

^{Daily market movements. Prices at markets close.}

like the Nasdaq and the S&P faced major losses during early trading with the former facing a bear market, but recovered after President Joe Biden announced major sanctions on Russia.

• European indices: London Stock Exchange's benchmark FTSE 100 index fell 3.86% following the Russian offensive, while the Stoxx 600 contracted 3.28%. Banks suffered the largest losses in morning trading, with those included in the FTSE 350 dropping some 7.43%.

• Furthermore: Brent crude oil passed $100 per barrel during early trading in the wake of the Kremlin's offensive on Ukraine, but recovered as the energy market responded to a US announcement that a strategic reserve release was underway, and investors pivoted away from Russian crude oil dubbed "Urals".