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Ukraine jitters in the back burner… for now – Danske Bank

FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank remarked the geopolitical tensions have eased somewhat in recent days.

Key Quotes

“US stock markets fell Friday on fears over rising tensions in Ukraine, as Ukraine said its artillery had destroyed a large part of a column of armoured vehicles that had been seen entering Ukraine from Russia”.

“However, the negative sentiment stabilised on news that Ukrainian and Russian foreign ministers were meeting in Berlin with their German and French counterparts to try to bring an end to the fighting in eastern Ukraine and the US stock market recovered most of its initial losses ending a very volatile session only slightly lower”.

Yields on 10-year US treasuries dropped more than 6bp to 2.3397% after yields on 10-year German government bonds earlier Friday dropped below 1% for the first time to an all-time low at 0.951%”.

“The meeting in Berlin ended with no immediate breakthrough in the negotiations. According to an article on WSJ, German foreign Minister Steinmeier said after the meeting that ‘I hope and I believe that we made progress on a few points’ and ‘the governments will decide today or tomorrow whether to pursue the talks’”.

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