Stock market reaction to crimea
Wall Street quickly put Ukraine concerns on the back burner, with U. Earlier, stock-index futures had faced a modicum of pressure tied to Ukraine. While Russia is engaging in saber rattling by, for example, conducting military exercises near its border with Ukraine, it will likely take something more belligerent to put a lasting scare into the market.
Meanwhile, Russian President Vladimir Putin ordered his government to consult with foreign governments and the IMF on aid for Ukraine, news reports said late Thursday.
A major confrontation, however, could also do harm to the Russian economy, strategists note, which may end up restraining the Kremlin. Gold, a traditional haven in times of international turmoil, found some support Thursday. But the reaction was pretty mild, with April futures US: A stronger dollar makes commodities priced in the currency more expensive to nondollar users.
The dollar saw a modest rise in Asian and European trading hours, but has turned lower versus the euro. The Japanese yen, which is viewed as even more of haven, remains stronger versus the greenback. Ukraine was already in dire economic straits before the latest round of turmoil. Economists led by Willem Buiter at Citi on Thursday cut their forecast for global growth in to 3.
European equities saw modest losses Thursday, pulling back from multiyear highs as analysts tied the weakness in part to Ukraine worries.
Alberto Gallo, credit strategist at Royal Bank online stock trading classes beginners Scotland, warns that ongoing deterioration in emerging-market economies and rising bad loans in Advisor to frontstocks binary options Europe add to reasons to short Austrian banks.
Ukraine has called for international help to avoid default. Energy markets may offer the most likely market flashpoint. Russia has twice in the past decade shut off natural-gas exports to Ukraine in disputes with pro-Western Ukrainian governments. A confrontation saw gas supplies to much of Western Europe choked off. Finally, the turmoil could also impact grain markets.
As MarketWatch columnist Amotz Asa-El notes, Stock market reaction to crimea grain exports were forecast to grow by more than a third this year to Tensions could make it difficult to ship grain through Russian seaports, while over the longer run, a Ukraine breakup could undercut efforts to modernize the farm sector.
IMF says Ukraine has asked for support. Gold strengthens as tensions rise in Ukraine. By using this site you agree to the Terms of ServicePrivacy Policyand Cookie Policy.
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What investors need to know about Ukraine. So do investors have anything to worry about? Global stocks Wall Street quickly put Ukraine concerns on the back burner, with U. Stocks Markets NY Stock Exchange NASDAQ. We Want to Hear from You Join the conversation Comment.
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