World markets turned positive in Asia and Europe Tuesday,convinced there won't be military clashes anytime soon over the Ukraine crisis.The Nikkei went up 0.47 and the Hong Seng rose 0.70,optimistic that a standoff in Crimea will not escalate today as Russian President Vladimir Putin ordered Russian troops to halt their exercises in Western Russia and return to base,although there is no sign of an end to the crisis,either.
US Secretary of State John Kerry departed for Kiev talks with Ukraine's interim government Monday night,raising hopes of diplomatic progress.
US stock futures followed suit,recovering most of Monday's losses,as did European indexes.The FTSE was up 1.05 as of time of publication,and the CAC rose 1.15,while the DAX climbed 0.75.The underlying sentiment in markets is bullish,and they are not going to let Ukraine end the trend unless there are further developments.
At the same time,gold and oil prices declined as traders' fears of a shooting war eased-at least momentarily.Gold was near a four month high at close of trading Monday.
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