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Barchart
Barchart
Mark R. Hake, CFA

Russia Turmoil: What Investors Can Expect When the Market Opens on Monday

Prigozhin Oil United States Vladimir Putin Wagner Group Russia Moscow

Even though the mercenary Wagner Group leader Prigozhin seems to have backed down by late Saturday, June 24, markets could still be jittery on Monday's opening. This is because markets don't like turmoil and uncertainty.

Over the weekend, Putin called Prigozhin's uprising and takeover of Rostov-on-Don an “armed mutiny,” Apparently reports have emerged that his rebellion has stopped. According to Prigozhin, the Wagner Group reached 200 kilometers from Moscow. But late Saturday he decided to turn his military armada around. 

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