The Russian attack on Ukraine sent stock markets around the world plummeting that day.
(Photo: dpa)
Frankfurt When Russian President Vladimir Putin massed troops in front of the Ukrainian border a year ago, it was mostly dismissed as a threatening gesture on the financial and commodity markets. When Russia actually invaded the neighboring country, it sent shockwaves through the markets.
To this day, large parts of the economy have not recovered. The German Economic Institute (IW) estimates economic damage of 175 billion euros for Germany alone. Nevertheless, share prices are higher today than they were a year ago, while many commodity prices have fallen.
How can that be? The Handelsblatt spoke to asset managers, money experts and analysts about this. Seven graphics explain the development.
1. The stock market was quick to price in war
As cynical as it sounds given all the suffering and deaths, stock market psychologist Joachim Goldberg explains that the year 2022 has shown how quickly investors come to terms with new conditions. “The habituation is underestimated, the impulses have to be stronger and stronger.”
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