European stocks fall as Ukraine tension heightens


European equities follow Asian shares lower as the tension over the Ukraine crisis increases and amid rising concerns about China's economy following weak data this week.

"Traders would be foolish to make the mistake they made two weeks ago and go home long into the weekend, particularly with the situation on the ground in Ukraine so potentially fluid, and the Crimea referendum vote due on Sunday," says market analyst Michael Hewson.

However, U.S. stock futures are higher following sharp losses on Wall Street yesterday.

Euro Stoxx 50 -0.6%, London -0.4%, Paris -0.6%, Frankfurt -0.7%, Milan -0.5%, Madrid -0.7%.

U.S. stock futures: Dow +0.1%. S&P +0.2%. Nasdaq +0.2%

ETFs: VGK, FEZ, IEV, EPV, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU

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Comments (6)
  • leopardtrader
    , contributor
    Comments (3626) | Send Message
     
    What has traders got to do with weekends? Daytraders dont hold positions overnight. These are mostly losers but vital for liquidity. Real position traders dont trade the indexes ..they trade stocks with medium to long term view. So what has weekend got to do with that? Maybe Sky is falling and all that nonsense. But who actually pay salaries to these analysts? Some like this one are really dumb

     

    As for Crimea There will be a vote on Sunday. Nothing will happen. Ukraine is a divided country almost into two. The government is Kiev is not in control of the country. The control the West but not the East. The East controls the economy about 70%. There will be a deal in Ukraine that will be acceptable to all parties..but not a zero sum game. John Kerry is not doing well and his policies appear disastrous. Obama has not been lucky enough to have a capable Secretary of State & that have tainted his legacy.
    14 Mar 2014, 05:45 AM Reply Like
  • 11146471
    , contributor
    Comments (1351) | Send Message
     
    Two thumbs up for your comment! This is the real pragmatic situation in Ukraine today.

     

    I as an investor am not interested in those geopolitical games. I really want form the US exterior policy to perform and stabilize the situation and try to keep Russia within the westernized world.

     

    The western capital need the Russian hinterland and it definitely needs calm and quite and not situations that gives us hypertension.

     

    Russia is too strong and as people says "If you can't beat your enemy make him your friend" and "keep your friends (Ukraine) close and your enemies (Russia) closer!".

     

    As for the part of your comment that refers to daytraders and index trading, I totally agree.
    14 Mar 2014, 07:35 AM Reply Like
  • Dean Chaykowski
    , contributor
    Comments (701) | Send Message
     
    @leopardtrader

     

    Couldn't agree more on all points
    14 Mar 2014, 05:00 PM Reply Like
  • Dean Chaykowski
    , contributor
    Comments (701) | Send Message
     
    @11146471

     

    two thumbs up
    14 Mar 2014, 05:02 PM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
     
    Probably a good buying opportunity for Russian stocks now - as the worst news are likely already priced in, and they are priced incredibly low with a P/E of 5.

     

    US stocks is another story, S&P was up 30% in 2013, the best annual performance since 1997) on only like 2.5% GDP growth. (Over the past 50 years only 1975, 1995 and 1997 had better performance; but GDP growth was then 9%, 5% and 6% respectively). US stocks probably deserve at least a little bit more of a correction before they can go higher, so maybe Micheal Hewson is right if he was thinking about the US stock market.
    14 Mar 2014, 06:23 AM Reply Like
  • leopardtrader
    , contributor
    Comments (3626) | Send Message
     
    Micheal Hewson is talking about holding position over the weekend only lol That is heaven will fall theorem not investment strategy
    14 Mar 2014, 06:46 AM Reply Like
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