Ukraine Crisis and Market reaction
Also, U.S. stocks declined sharply on Monday, sliding along with other global equities, as worries about Russian intervention in the Ukraine has investors fleeing assets perceived as risky. Furthermore, many world investors have lost billion of dollars yesterday as global stocks tumbled the most in a month and the Russian ruble dropped to lowest level amid Russia’s growing military presence in Ukraine.
Gold fell from the highest price in more than four months after Russian President Vladimir Putin said there’s no immediate need to send troops to Ukraine, lessening demand for a haven.
Also European stocks rebounded with investors worries calmed down after Russia scaled back troop exercises near Ukraine that had sent markets sliding in the previous session on fear it could provoke into war.
U.S. stocks jumped on Tuesday, with the Dow and S&P 500 bouncing back after their worst hit in a month. Also European stocks extended gains. on positive comments from Russian President which renewed hopes to put and end to the Ukrainian issue.
Posted by MBCFX