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27 Mar 2014
Risk Assets wobble on Russia risks - Danske Bank
FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank comments that risky assets on a strong footing before concerns over Russia resurfaced.
Key Quotes
“European bourses made headway yesterday, seeming to take their cue from the further stabilisation in the Russian market (MICEX index up 1.5%), as well as Tuesday’s dovish comments from ECB members and the lack of any market moving data.”
“However, sentiment turned sour during the US session as President Obama’s comments put geo-political tension back on top of the agenda. Prior to that, a disappointing durable goods orders report had largely been ignored.”
“After the bell, the Fed objected to plans by Citigroup and four other banks to return capital to shareholders following its annual test of their financial robustness.”
Key Quotes
“European bourses made headway yesterday, seeming to take their cue from the further stabilisation in the Russian market (MICEX index up 1.5%), as well as Tuesday’s dovish comments from ECB members and the lack of any market moving data.”
“However, sentiment turned sour during the US session as President Obama’s comments put geo-political tension back on top of the agenda. Prior to that, a disappointing durable goods orders report had largely been ignored.”
“After the bell, the Fed objected to plans by Citigroup and four other banks to return capital to shareholders following its annual test of their financial robustness.”