It is likely to be a blood-red day on the world's stock exchanges, in Asia the declines are around three percent on several of the major stock exchanges.
Yesterday, Wall Street fell on a broad front, after early signals that something was going on in Ukraine.
A few hours later, the news came - President Putin has ordered an invasion of Ukraine.
Ahead of the opening of the Stockholm Stock Exchange, trading at 7 o'clock points to a price drop of 3–4 percent, about the same amount in Frankfurt, according to IG Markets.
And ahead of today's US trade, futures trading is pointing sharply down.
In Moscow, stock trading has stopped.
Oil rises about five percent or 5-6 dollars to 102 dollars for a barrel of North Sea oil, it is the first time since 2014 that the oil price is above 100 dollars.
A classic haven for money in times of crisis is gold, which is rising in value by around two percent.
Fixed-income securities are another safe haven, which causes, for example, the ten-year US government bond to fall by 0.10 percentage points to 1.88 percent.
At the same time, the Swedish krona weakens, by 7-8 öre to 9.50 for a dollar, while the euro costs 10.68 in the morning.