Seeking Alpha

EU shares, U.S. futures fall as Russia moves to annex Crimea

  • European shares and U.S. stock futures are lower after Vladimir Putin authorized a draft treaty for Crimea to join Russia.
  • Markets are also eying Janet Yellen's first FOMC meeting as Chair of the Fed, which is expected to continue the tapering but possibly abandon the 6.5% unemployment trigger for considering a rate hike.
  • Earlier, Asian shares fell following a strong session on Wall Street as markets shrugged off concerns about the Ukraine crisis.
  • Indian shares have hit record highs amid strong buying by foreign investors ahead of general elections.
  • Japan +0.9%, Hong Kong +0.5%, China +0.1%, India +0.1%.
  • Euro Stoxx 50 -0.7%, London -0.5%, Paris -0.4%, Frankfurt -0.7%, Milan -0.4%, Madrid -0.6%.
  • U.S. stock futures: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%
  • India ETFs: EPI, INDY, PIN, INP, INDL, ICN, INR, INDA, INXX, INCO
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