Tuesday 4 March 2014

Ruble Strengthens With Micex While Europe Futures Climb - Bloomberg #EuroMaidan

Ruble Strengthens With Micex While Europe Futures Climb - Bloomberg:



"The yen slid against major peers while oil, wheat and gold fell and U.S. and U.K. equity futures rallied after a report that Russian President Vladimir Putin had ordered troops back to bases after military exercises concluded amid tensions in Ukraine’s Crimea region.



The yen weakened 0.3 percent to 101.76 to the dollar by 3:45 p.m. in Tokyo after its highest close since Feb. 5. Standard & Poor’s 500 Index (SPA) futures jumped 0.6 percent while contracts on the FTSE 100 Index surged 0.7 percent. A measure of stocks in emerging markets erased declines as Russia’s Micex Index (INDEXCF) climbed 2.5 percent after $55 billion was wiped from the country’s equities yesterday. The ruble strengthened 0.4 percent from a record low versus the greenback and Poland’s zloty surged. Gold fell as much as 1 percent from a four-month high."



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