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RUSSIAN STOCKS PLUNGE

Joe WeisenthalMar 21, 2014, 13:36 IST

REUTERS

Nobody's laughing at Obama's sanctions now.

The Russian stock market is plunging today, as the MICEX is down 3.7% in early going. This comes after Obama introduced sanctions against a new round of Russian officials, as well as a key bang used by Putin's cronies (Bank Rossiya).

The ruble is also falling.

The other big move today is that the Shanghai Composite finally caught a strong bid, with stocks rising 2.7%.

Meanwhile, US futures are slightly higher.