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Trading news
4 Sep 2014
Price action yesterday points to growing optimism over Ukraine crisis resolution - Deutsche Bank
FXStreet (Łódź) - Jim Reid and Colin Tan from Deutsche Bank believe yesterday's price action suggests that the market is increasingly convinced that Ukraine and Russia are getting closer to striking a peace deal.
Key quotes
"European equities closed higher across the board and outperformed in what was another muted day for US equities."
"Russia’s MICEX (+3.5%) had its biggest day since March whilst Russia’s 5yr CDS also narrowed by 28bps to 238bp."
"In the US, the S&P 500 was almost unchanged on the day although an over 4% decline in Apple’s share price added some pressure on the NASDAQ (-0.56%)."
"Treasuries and Bunds were weaker on the day as some safe-haven flows were unwound but they did close off the day’s highs in yields."
Key quotes
"European equities closed higher across the board and outperformed in what was another muted day for US equities."
"Russia’s MICEX (+3.5%) had its biggest day since March whilst Russia’s 5yr CDS also narrowed by 28bps to 238bp."
"In the US, the S&P 500 was almost unchanged on the day although an over 4% decline in Apple’s share price added some pressure on the NASDAQ (-0.56%)."
"Treasuries and Bunds were weaker on the day as some safe-haven flows were unwound but they did close off the day’s highs in yields."