Spreadex Market Update
European equity benchmarks have opened higher this morning
European equity benchmarks have opened higher this morning on the receding panic from Friday’s news flow. News that Ukraine had acted militarily towards Russian vehicles, sent German stocks and bond yields plummeting, with investors targeting the short side. But, as before with prima facie frightening developments from the region, the market began to unwind the panic position over time, allowing the Xetra Dax to be called some 140 points higher today.
In other news, Asian stocks traded mixed. The MSCI Asia Pacific was little changed throughout the session. The reduction in geopolitical risks over the weekend has helped Asian equities remain somewhat insulated to the volatility.
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