Russian gold glitters in face of Ukraine conflict March 17, 2014 The geopolitical tensions between Russia and the West over Ukraine are boosting the gold price and benefitting Russian miners, according to Canaccord Genuity today. The broker has upgraded its recommendations on Russian gold producers Polymetal International and Petropavlovsk to “buy”, as a result of its bullish view on the yellow metal and a weaker currency, [...]
Markets unfazed as Hague confirms sanctions to come March 17, 2014 Markets have shrugged off the news this morning that 96.7 per cent of Crimean voters voted for joining Russia, according to the official results of yesterday's referendum, with the FTSE 100 up almost 0.3 per cent, and the DAX and CAC 40 up almost 0.2 per cent. Turnout yesterday has been reported at 83.1 [...]
What you need to know before the open March 17, 2014 Yesterday’s vote in Crimea – where the overwhelming majority of the population voted in favour of joining Russia – could see European markets open lower this morning. Asian markets were nervous during Monday trading too, with key indices closing lower. And, no doubt, the global focus will remain on the region throughout the week, as [...]
Asian shares slide after Crimea vote March 17, 2014 Asian shares have taken a hit as Western leaders condemned the controversial referendum in Crimea as a “mockery of proper democratic practice,” even as Russia claimed it had won a 95.5 per cent mandate for it to annex the Ukrainian province. President Obama’s spokesman said “the international community will not recognise the results of a [...]
Russia under fire over Crimea poll March 17, 2014 FOREIGN secretary William Hague last night joined a chorus of disapproval condemning a controversial referendum in the Crimea as a “mockery of proper democratic practice,” even as Russia claimed it had won a 95.5 per cent mandate for it to annex the Ukrainian province. President Obama’s spokesman said “the international community will not recognise the [...]
Russia’s Ukrainian grab requires a firmer response from West March 17, 2014 AT THE start of every year, forecasters try to predict what could go wrong over the next 12 months – and every time, they get it terribly, spectacularly wrong. Just three months ago, the big risks were seen to be China, Iran, tapering or Eurozone deflation – of course, one or all of these could [...]
Wall St The Week Ahead: Crimean vote spooks market March 17, 2014 INVESTORS will start the week early as yesterday’s referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. US stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and the West since the end of the Cold [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]
This week’s 4 must-see charts March 14, 2014 International exposure to Russian banks, a turnaround in the Eurozone’s inflationary trends, an uptick the Baltic Dry index, and the ongoing strength of the euro. We bring you some of our favourite analysts’ picks of the most important graphs this week. Alexander Dryden, analyst at JP Morgan Asset Management Financial and economic sanctions by the [...]
What you need to know before the open March 14, 2014 Talks between US and Russia will be taking place in London today, ahead of the much-contended referendum in Crimea on Sunday. Concerns over the fortunes and future of the region continue to eat into investor confidence, with European markets expected lower across the board today. Asian markets suffered in Friday trading from the anxiety-induced risk [...]