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- DeChambeau says PGA's Ryder Cup decision 'just the start'
- Alcaraz defeated on Laver Cup debut
- Postecoglou embraces 'struggle' to make Spurs a success
- Nice hand 'ashamed' Saint-Etienne 8-0 Ligue 1 mauling
- Boeing CEO says ending strike 'a top priority'
- Stock markets mostly fall after Fed-fueled rally
- Harris slams Trump for hypocrisy on abortion as US starts voting
- Academy to host first overseas ceremony to honor young filmmakers
- No doctor necessary: US okays nasal spray flu vaccine for self-use
- Gurbaz, birthday boy Rashid lead Afghanistan to 177-run rout of South Africa
- Former delivery man Baldwin leads star names at PGA Championship
- Trump shooting: Secret Service admits complacency
- Can an ambitious Milei make Argentina an AI giant?
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- Chinese forward Cui signs NBA contract with Brooklyn Nets
- US Fed dissenter calls for 'measured' pace of rate cuts
- Guardiola tells players to lead change over workload as Kompany demands cap on games
- Norway limits wild salmon fishing as stocks hit new lows
- Top Hezbollah commander killed in Israeli strike on Beirut
- Rotterdam fatal knife attacker suspected of 'terrorist motive'
- First early votes cast in knife-edge US presidential election
- Top-ranked Swiatek out of Beijing due to 'personal matters'
- Hard-right Reform UK looks to the future after vote success
- Embiid agrees to NBA contract extension with 76ers
- Joshua aims to complete road to redemption in Dubois bout
- World champion Bagnaia sets pace with lap record at Misano
- Biden says 'working' to get people back to homes on Israel-Lebanon border
- Pope criticises Argentina's crackdown on protesters
- Court limits screenings of videos in France mass rape case
- Gurbaz century takes Afghanistan to 311-4 in 2nd ODI
- Central banks face 'difficult balancing act': IMF chief
- McLaren's Norris sets Singapore pace as struggling Verstappen 15th
- Guardiola tells players to lead change over workload fears
- Paris Olympics sports equipment moves to new homes
- 'Happy' Kinghorn relishing life at Toulouse
- Norris sets Singapore pace as Verstappen only 15th
- 8 dead in Israeli strike, source says Hezbollah commander killed
- Germany to bid to host women's Euro 2029
- Portugal brings deadly forest fires under control
- Postecoglou defends Solanke after slow start to Spurs career
- US nuclear plant Three Mile Island to reopen to power Microsoft
- Arteta urges Arsenal to take next step in Man City showdown
- Stock markets fall after Fed-fuelled rally
- Top Hezbollah commander 'killed' in Israel strike
- Poland charges Russian over attack on Navalny ally: prosecutors
- Man City have rest 'advantage' in Arsenal showdown: Guardiola
- Maresca has 'no doubt' in Jackson as Chelsea's number nine
- EU chief announces 35 bn euro loan plan for Ukraine before winter
Energy spikes, ruble and equities dive on Russia fallout
Oil and gas prices surged Monday but the ruble collapsed and European equities sank after world powers imposed new sanctions on Russia over its invasion of Ukraine.
Russian President Vladimir Putin reacted to the latest tough measures by placing his nuclear forces on a higher alert level.
Brent crude again topped $100 per barrel and Europe's reference Dutch TTF natural gas price surged more than a third to 128 euros per megawatt hour, as traders fretted over Russian energy supplies.
The news, alongside sharp gains for aluminium, nickel and wheat, sparked renewed concern over rampant inflation.
Traders will closely watch a meeting this week of OPEC and other major oil producers led by Russia, where they will discuss output plans.
European stocks sank with London losing 1.2 percent, while Frankfurt and Paris shed 2.3 percent and 3.0 percent respectively following a mixed showing in Asia.
The ruble struck record lows against the euro and dollar after the West banned all transactions with Russia's central bank and ejected some lenders from international payments system SWIFT.
- Eurozone banks take hit -
The weekend news sent shockwaves through European banks amid fears of a sector-wide impact.
In Paris, Societe Generale slumped 10.4 percent, BNP Paribas shed 8.2 percent and Credit Agricole lost 5.5 percent.
In Frankfurt, Deutsche Bank was the heaviest faller with a drop of 8.5 percent.
"European banks with the biggest exposure to Russia... have been hit hardest amid today's market sell-off," said Interactive Investor's Victoria Scholar.
"The SWIFT system in this context mainly matters as it allows Russian energy companies to easily sell oil and gas abroad via the conduit of the global financial system."
The European subsidiary of Russia's state-owned Sberbank is meanwhile facing bankruptcy, the European Central Bank said on Monday, in the wake of the sanctions.
In the British capital, Russia-exposed companies were back in the firing line.
London-listed shares in Russian metal giants Polymetal and Evraz took another battering, collapsing by 52 percent and 27 percent respectively.
British energy giant BP dived almost 6.0 percent in value after deciding to exit Russia.
Gold and the yen, go-to assets in times of uncertainty, rose, while the dollar was up against most other currencies.
Emerging markets units took a hit from the Ukraine turmoil, with the Hungarian forint hitting an all-time euro low.
News that Russia's central bank had hiked interest rates to 20 percent -- the highest since 2003 -- helped pare the ruble's losses only briefly.
- Key figures around 1145 GMT -
Brent North Sea crude: UP 4.9 percent at $102.68 per barrel
West Texas Intermediate: UP 4.6 percent at $95.81 per barrel
London - FTSE 100: DOWN 1.2 percent at 7,400.36 points
Frankfurt - DAX: DOWN 2.3 percent at 14,228.45
Paris - CAC 40: DOWN 3.0 percent at 6,547.06
EURO STOXX 50: DOWN 3.0 percent at 3,852.63
Tokyo - Nikkei 225: UP 0.2 percent at 26,526.82 (close)
Hong Kong - Hang Seng Index: DOWN 0.2 percent at 22,713.02 (close)
Shanghai - Composite: UP 0.3 percent at 3,462.31 (close)
New York - Dow: UP 2.5 percent at 34,058.75 (close)
Euro/dollar: DOWN at $1.1199 from $1.1268 late Friday
Pound/dollar: DOWN at $1.3400 from $1.3409
Euro/pound: DOWN at 83.53 pence from 84.03 pence
Dollar/yen: DOWN at 115.54 yen from 115.55 yen
O.Krause--BTB