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Stock market today: Global shares decline after armed rebellion quelled in Russia

By Aya Jootar  Published On June 26, 2023

TOKYO (AP) — Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine.

France’s CAC 40 dipped 0.4% in early trading to 7,135.23. Germany’s DAX slipped 0.2% to 15,797.27. Britain’s FTSE 100 fell 0.8% to 7,403.10. The futures for the Dow Jones Industrial Average and S&P 500 futures were down 0.2%.

The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.

Yevgeny Prigozhin and his Wagner troops were some of Russia’s most effective fighters in Ukraine. Their aborted takeover of the capital also left their fate uncertain.

Tim Waterer, chief market analyst at KCM Trade, said such geopolitical uncertainties have set off a cautious mood.

Source: AP News

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