- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Arshdeep, Chakravarthy help India hammer Bangladesh in T20 opener
- Lewandowski's quickfire hat-trick powers Liga leaders Barca to Alaves victory
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
- Israel pounds Lebanon ahead of Hamas attack anniversary
- Two elephants die in flash flooding in northern Thailand
European stocks plunge, oil tops $100 as Russia invades Ukraine
Russia's invasion of Ukraine sent oil prices above $100 a barrel and pummeled European equities on Thursday, while Wall Street stocks finished solidly higher after rebounding during the session.
Both Frankfurt and Paris shed as much as five percent during a brutal round of trading, as investors fled risky equities, while haven investment gold rose to over $1,923 per ounce.
"Russia's latest wave of aggression against Ukraine put a darker cloud over the global economy as higher oil threatens to exacerbate inflation risks," Joe Manimbo of Western Union Business Solutions said.
"The crisis atmosphere in Eastern Europe, meanwhile, could thrust central banks back into support mode if stocks continue to falter."
After weeks of warnings from the United States and other powers, Russian President Vladimir Putin ordered a wide-ranging offensive into its neighbor, sparking fury from world leaders and new sanctions from the United States and its allies.
In reaction, oil rocketed, with European benchmark Brent prices briefly cruising past $105 per barrel for the first time since 2014, while aluminium and wheat surged to record peaks on fears output from major exporter Russia would be disrupted.
"The latest twist in the Russia-Ukraine crisis is likely to keep commodity prices elevated over the coming weeks and months," analysts at Capital Economics said.
"And if the situation spirals into a more serious and wide-ranging conflict between Russia and the West, commodity prices could rise further from here."
- US stocks 'oversold' -
IMF Managing Director Kristalina Georgieva warned the conflict would have repercussions for the global economic recovery.
Among the new sanctions on Russia announced by US President Joe Biden were measures to target the country's two largest banks as well as controls on high-tech items aimed at crippling its defense and aerospace sector.
Frankfurt stocks finished four percent lower, and both London and Paris ended the day with a loss of 3.8 percent, as fears grew of a broader conflict.
Asian equities plunged, with Hong Kong, Sydney, Mumbai, Singapore and Wellington down at least three percent, while there were steep losses in Tokyo and Shanghai.
Wall Street stocks began their session deep in the red, but later rebounded to end a four-day losing streak, with the broad-based S&P 500 winning 1.5 percent.
"We were definitely oversold and due for a bounce," said Tom Cahill of Ventura Wealth Management. "I think there was a 'buy the rumor, sell the news' waiting to happen, and... it kind of fed on itself."
Briefing.com also said the rebound in New York was due partly to Biden's sanctions announcement, which "weren't as severe as some were thinking (or hoping.)"
So-called "safe haven" currencies like the dollar and the yen pushed higher. The Russian ruble plunged.
- Russia-exposed firms hit -
Companies with the biggest presence in Russia were among those whose stocks were hammered.
Shares in Russian metal giants Polymetal and Evraz tanked by 38 percent and 30 percent, respectively, in London.
"With tough incoming sanctions expected, their businesses are likely to take a major hit with little respite in sight given the seriousness of the situation," said Hargreaves Lansdown analyst Susannah Streeter.
French carmaker Renault, which owns a majority stake in Russia's Avtovaz, the maker of the Lada, saw its shares skid about nine percent.
Societe Generale dived about 12 percent on concerns over its Russian retail banking subsidiary Rosbank.
- Key figures around 2210 GMT -
Brent North Sea crude: UP 2.3 percent at $99.08 per barrel
West Texas Intermediate: UP 0.8 percent at $92.81 per barrel
New York - Dow: UP 0.3 percent at 33,223.83 (close)
New York - S&P 500: UP 1.5 percent at 4,288.70 (close)
New York - Nasdaq: UP 3.3 percent at 13,473.59 (close)
London - FTSE 100: DOWN 3.9 percent at 7,207.38 (close)
Frankfurt - DAX: DOWN 4.0 percent at 14,052.10 (close)
Paris - CAC 40: DOWN 3.8 percent at 6,521.05 (close)
EURO STOXX 50: DOWN 3.6 percent at 3,829.29 (close)
Tokyo - Nikkei 225: DOWN 1.8 percent at 25,970.82 (close)
Hong Kong - Hang Seng Index: DOWN 3.2 percent at 22,901.56 (close)
Shanghai - Composite: DOWN 1.7 percent at 3,429.96 (close)
Euro/dollar: DOWN at $1.1202 from $1.1307 late Wednesday
Pound/dollar: DOWN at $1.3378 from $1.3544
Euro/pound: UP at 83.70 pence from 83.48 pence
Dollar/yen: UP at 115.49 yen from 115.01 yen
burs-jmb/cs
Y.Aukaiv--AMWN