Shares fell, with European shares losing 1%, and global bonds rising due to concerns over the last escalation of its war against Russia under the shadow of the new tension between Russia and Ukraine, future S&P 500 contracts declined by 0.5%. The return on the 10-year government bonds declined by seven basis points to 4.34%. The moves were more abrupt in Europe, with German bond yields falling to the lowest level since October. The euro fell by 0.5%. Poland’s main stock index declined by 2.6%. The markets were upset by the news that President Vladimir Putin is promoting a nuclear doctrine that allows Russia to expand the use of atomic weapons – a announcement that comes just days after the US gave Ukraine limited permission for long-range missile strikes on Russian territory. A report from RBC-Ukraine reported that the first such blow has taken place. “The market reaction is reasonable, one could already feel yesterday that tension was increasing,” said Andrea Tueni (Andrea Tueni), head of the sales department of Saxo Banque France, according to Bloomberg. “For now, the market reaction is moderate, some are still in a waiting state,” he said. Traditional shelters, such as Japanese gen, Swiss franc and gold, were strengthened. Ukraine’s state bonds in dollars marked the biggest drop between emerging markets bonds, with a February 2029 maturity bond losing 1.6 cents per dollar. Also, today the traders were discussing how Trump’s appointment as Finance Minister could shape politics. The transition team is considering combining Kevin Wars (Kevin Warsh), a former US central bank official (Fed), in the role of finance minister, with hedge fund manager Scott Bessent as director of the National Economic Council of the White House, according to individuals who know the subject. “A more measured and experienced team in economic leadership positions in the US government will be positive for investor confidence,” Rajev De Mello, a global macroeconomic investment portfolio manager at Gama Asset Management said. Meanwhile, Bitcoin is again near a high all-time, climbing over $91,000. The digital asset is supported by a series of developments that highlight the deeper embrace of the digital asset industry by Trump. Trump Media & Technology Group is in talks about buying the digital assets market Bakkt Holdings Inc. And Nasdaq Inc. plans to introduce options for iShares Bitcoin Trust worth $43 billion as of today.
Falling to European stock markets brings the new Putin nuclear order to -0.99% AA
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