25 Apr 2014
Geopolitical tensions far from over – Danske Bank
FXStreet (Edinburgh) - Senior Analyst Morten Helt at Danske Bank notes the likeliness of further escalation in the crisis between Russia and Ukraine.
Key Quotes
“Tensions have been rising in eastern Ukraine and the crisis seems to constantly evolve”.
“Yesterday, Russia's Defence Minister Sergei Shoigu said military exercises involving land and air forces had begun along the Ukrainian border as a response to the Ukraine military actions against the pro-Russian separatists in Slavyansk”.
“Last night, US secretary of state John Kerry launched a verbal attack on Russia’s activities in eastern Ukraine and said that the world was ready with further sanctions if Moscow did not take steps to de-escalate a crisis”.
“Despite the ongoing escalation of the crisis, there has been no significant market reaction so far. US equity markets closed with minor gains supported by a series of positive earnings surprises and the larger-than-expected increase in durable goods orders released yesterday”.
Key Quotes
“Tensions have been rising in eastern Ukraine and the crisis seems to constantly evolve”.
“Yesterday, Russia's Defence Minister Sergei Shoigu said military exercises involving land and air forces had begun along the Ukrainian border as a response to the Ukraine military actions against the pro-Russian separatists in Slavyansk”.
“Last night, US secretary of state John Kerry launched a verbal attack on Russia’s activities in eastern Ukraine and said that the world was ready with further sanctions if Moscow did not take steps to de-escalate a crisis”.
“Despite the ongoing escalation of the crisis, there has been no significant market reaction so far. US equity markets closed with minor gains supported by a series of positive earnings surprises and the larger-than-expected increase in durable goods orders released yesterday”.