World stocks recover as Putin eases tensions a bit

|By:, SA News Editor

Global equity markets are rallying following sharp losses yesterday after Russia threatened a full-scale invasion of Ukraine and the U.S. rejoindered with the threat of sanctions.

Sentiment has been helped today by what could be interpreted as a de-escalation of tensions by Russian President Vladimir Putin, who ordered some forces back to their bases after a surprise training exercise that began last week.

However, there don't seem to be any major new developments regarding Russian soldiers in Crimea, where they have been surrounding Ukrainian army bases and controlling airports.

Russian's MICEX is +4.9%, while the USD-RUB is -0.7% at 36.223 rubles.

Japan +0.5%, Hong Kong +0.7%, China +0.2%, India +1.3%.

Euro STOXX 50 +1.2%, London +1.1%, Paris +1.4%, Frankfurt +1%, Milan +1.7%, Madrid +1%.

U.S. stock futures: Dow +0.8%. S&P +0.7%. Nasdaq +0.75%

Gold is -0.8% and crude is -1.05%.