KBC Market Research Desk
KBC Bank
European equities traded uneventful in the absence of US market participants. The eco calendar was thin and unable to give firm direction. As a consequence, equity indices are mostly modestly lower. and as the calendar was thin.
Ukrainian President Poroshenko accused Russia today of waging “direct and unconcealed aggression”, amid signs that Ukraine’s army had lost ground to separatists in the industrial eastern regions.
European could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow’s military role in Ukraine, Reuters reports today quoting sources with the EU.
Russian Ruble hit a record low versus dollar, as Western countries agreed new sanctions and president Putin speaks about “Statehood” for Eastern Ukraine. The Swedish crown lost sharply ground against the euro as the PMI unexpectedly crashed, but recouped part of the losses later on.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
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