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Commodity Prices Hit Highest Level Since 2008 Financial Crisis As Stock Markets Fall

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Sinopsis

Oil and Gas price soar amid supply chain worries after the Russian invasion of Ukraine. With inflation already soaring to 30-year highs there is no sign of relief for businesses and consumers recently hit with higher prices for petrol and gas. UK and European stock markets fell sharply with the FTSE 100 closing down 190 points (2.57%) and the FT250 down 696 or 3.57%. US markets are also down wiping billions of dollars off the value of western companies. Watch video version Russia’s economy appears to be in freefall as sanctions force a collapse of the Rouble and Russian stock market. Businesses are severing ties with Russia and lending markets are being closed off. Property News HMO landlords renting rooms on an ‘bills included’ basis will be hit with massive cost increases this year. Gas prices have already doubled and could go even higher if the war chokes off supplies. The Nationwide survey was published this week and reported a 12.6% annual increase in UK house prices to February 2022. The cost of a typic