|

Russian President Putin: Threat of nuclear war is on the rise

Russian President Vladimir Putin said on Wednesday that the threat of a nuclear war is on the rise, as reported by Reuters. 

Key takeaways

"Russia will defend its allies with all available means."

"Russia does not have tactical nuclear weapons in other countries unlike the United States."

"We didn't speak about usage of nuclear weapons."

"Russia has not gone mad."

"We have most advanced weapons, but do not want to wave them around."

"Russia considers such weapons as deterrent."

Market reaction

These comments don't seem to be having a significant impact on risk perception. As of writing, the S&P 500 Index was virtually unchanged on the day at 3,940.

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Editor's Picks

AUD/USD edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar edges higher against the US Dollar as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia rate hikes.

USD/JPY weakens below 157.50 after BoJ keeps rates unchanged

USD/JPY drifts lower for the third straight day, sliding below mid-157.00s during Friday’s Asian session after the widely expected BoJ on-hold rate decision. Meanwhile, the US Dollar selling remains unabated amid hopes for Middle East diplomacy. Moreover, declining US bond yields narrow the US-Japan yield differential, benefiting the Japanese Yen and weighing on the currency pair.

Gold falls below $4,000 as strong US data strengthen case for Fed rate hike

Gold extends its decline below the psychological level of $4,000 while entering into the weekend. The precious metal faces selling pressure as better-than-projected United States preliminary Q3 Gross Domestic Product and hot Personal Consumption Expenditure Price Index data for September have strengthen the case for an interest rate hike by the Federal Reserve in the December policy meeting.

The hawkish Fed can't lift the US Dollar anymore
About three more Federal Reserve hikes are already priced in, and the central banks behind the Euro, Pound, Yen and Loonie are raising rates or about to. That leaves the US Dollar Index with little to gain if the Fed keeps leaning toward higher rates.
Binance hack puts crypto exchange custody risk back in focus
Binance is investigating a major security incident after billions of dollars in crypto assets moved from wallets associated with the exchange. The final scale of the incident remains unclear.
A hot US economy is supposed to sink Gold. It didn't. Here's why
Gold (XAU/USD) remains under pressure near $4,000, as stronger-than-expected United States (US) economic data reinforce expectations of another Federal Reserve (Fed) interest rate hike in December. Economic growth is accelerating, inflation remains elevated, and borrowing costs could rise further.