The tone has continued to improve today with the market sorting out that Russia hasn't (yet) invaded any territory that Ukraine separatists already ho
The tone has continued to improve today with the market sorting out that Russia hasn’t (yet) invaded any territory that Ukraine separatists already hold.
S&P 500 futures had been deeply red but futures are now down just 8 points.
Meanwhile, the Russian MOEX was down 10% shortly after the open but it’s now down just 1%. It’s a sign that sanctions haven’t been as bad as feared.
The economic calendar today includes the Markit US manufacturing and services data as well as consumer confidence and the Richmond Fed.
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