The Eastern Ukraine conflict may soon force the EU to take new punitive measures against Russia. European Council President Herman Van Rompuy said in a statement that “the sanctions aim at promoting a change of course in Russia’s actions destabilizing eastern Ukraine.” However, the sanctions will not go into effect immediately. Last week, there was a cease fire agreement established in Minsk. … [Read more...]
Asian Equities have European Stocks on the Rise
While the dollar was holding gains against the euro, copper and oil were falling, European and Asian stocks rose, policy makers still hadn’t decided whether they would be adding stimulus in manufacturing data from China to Germany. Both the MSCI Asia Pacific Index and the Stoxx Europe 600 Index rose by 8 AM in London both by 0.2 percent, while China’s benchmark stock index was still … [Read more...]