London's benchmark index and other world stock markets were recovering Tuesday.
HONG KONG (CNNMoney)
Russia's main stock index, the Micex, rose by nearly 5% at the open, then eased back a bit. Regional political tensions sent Russian stocks plummeting by 11% Monday.
Major markets across Europe were recovering in morning trade, posting gains of roughly 1%. The Dax in Germany, which suffered a 3.4% tumble Monday, was rising by around 1%.
In Asia, most stocks closed with gains -- Hong Kong's Hang Seng index rose 0.7% and Japan's Nikkei added 0.5%. China's benchmark Shanghai Composite moved the other way, sliding 0.2%.
Related: 5 reasons the Ukraine crisis matters to the world economy
Russia has boosted its military presence in Ukraine, following the ouster of pro-Russian president Viktor Yanukovych and the installation of a new interim government. Ukraine's new leaders accused Russia of declaring war.
Even as world leaders threatened sanctions, Russia has shown no signs of backing down -- a sentiment that has rattled investors.
"The deteriorating situation in Ukraine has created increased geopolitical risks for investors," said Wells Fargo's chief macro strategist, Gary Thayer. "It is too early to say what will happen between Ukraine and Russia, but there are likely to be political and economic consequences to Russia's intervention."
The U.S. has already suspended trade and investment talks with the Russian government, in the first of potentially many moves intended to force Russia to back away from Ukraine.
If Russia continues down this path of escalating military action and declares war, the country could see a hit of at least 3% to its gross domestic product, said analysts at Bank of America Merrill Lynch in a research note.
Related: Russian markets slammed by Ukraine crisis
The growing crisis and Russia's slowing economy has led traders to pull out of the ruble, sending the currency down more than 10% so far this year.
And while experts say Russia is unlikely to halt oil exports, since the country depends on the revenue, traders pushed global oil prices up by nearly $2 a barrel Monday. Oil prices were cooling Tuesday, declining to roughly $110 per barrel.
Global grain prices have also increased over concerns that political turmoil could disrupt Ukraine's grain trade.
Overall, Russia's financial markets look poised for another rocky day with higher-than-normal trading volumes.
Stock market trading volume in Moscow on Monday was nearly four times higher than normal and foreign exchange trading volume was double the market's daily average, hitting 1.7 trillion rubles ($47 million), according to the Moscow Stock Exchange.
Market volatility led Russia's central bank to hike interest rates Monday in an attempt to insulate the economy against inflation risks and further swings.
--CNNMoney's Alanna Petroff contributed to this article. 
First Published: March 4, 2014: 4:07 AM ET
Anda sedang membaca artikel tentang
Global stocks rebound, Ukraine fears remain
Dengan url
http://ngopingeteh.blogspot.com/2014/03/global-stocks-rebound-ukraine-fears.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Global stocks rebound, Ukraine fears remain
namun jangan lupa untuk meletakkan link
Global stocks rebound, Ukraine fears remain
sebagai sumbernya
0 komentar:
Posting Komentar