Russian Foreign Ministry warns diplomatic missions and representations in Kyiv to evacuate staff in good time in the event of a mass Russian strike on the city

The warning from the Russian Foreign Ministry about the potential evacuation of diplomatic staff in Kyiv signals a concerning escalation in tensions, suggesting that a large-scale military action might be imminent. This development could drive heightened volatility in the markets, particularly for safe-haven assets like gold and the Japanese yen, while adversely affecting risk-sensitive currencies and commodities. Traders should closely monitor geopolitical developments as the situation unfolds, as it may lead to significant shifts in risk sentiment across asset classes.