Ukraine Crisis Has Spill Over Effects Beyond Russia, Deutsche Bank Says:
"Ongoing tensions between Ukraine and Russia have serious implications for investors, particularly Russian equities. But Russian investors won’t be the only ones to take a hit.
Deutsche Bank said on Monday that the entire situation “bodes bad for all Russian assets, but also for the entire region of Eastern Europe, including Turkey.” As it is, Ukraine political woes have pushed oil futures higher today. Brent crude closed at its highest levels all year to $111.20, with West Texas Intermediate oil rising 2.3% to $104.92 for the April futures contract.
In equity markets, the Market Vectors Russia (RSX) exchange traded fund settled 6.8% lower, while the ruble returned some of its losses against the dollar today after a rough opening session.
The iShares MSCI Turkey (TUR) ETF underperformed the benchmark MSCI Emerging Markets Index by nearly 100 basis points to settle 2.8% lower."
'via Blog this'
"Ongoing tensions between Ukraine and Russia have serious implications for investors, particularly Russian equities. But Russian investors won’t be the only ones to take a hit.
Deutsche Bank said on Monday that the entire situation “bodes bad for all Russian assets, but also for the entire region of Eastern Europe, including Turkey.” As it is, Ukraine political woes have pushed oil futures higher today. Brent crude closed at its highest levels all year to $111.20, with West Texas Intermediate oil rising 2.3% to $104.92 for the April futures contract.
In equity markets, the Market Vectors Russia (RSX) exchange traded fund settled 6.8% lower, while the ruble returned some of its losses against the dollar today after a rough opening session.
The iShares MSCI Turkey (TUR) ETF underperformed the benchmark MSCI Emerging Markets Index by nearly 100 basis points to settle 2.8% lower."
'via Blog this'
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