Markets rally as Ukraine tensions recede

clock

Asian stocks joined a global rally overnight at the prospect of a full-scale conflict between Ukraine and Russia appeared to recede

Russian president Vladimir Putin (pictured) calmed markets yesterday by saying the country would only use military force as a "last resort", and that the threat of military action had "dissipated". Russia's Micex index finished up 5.3% yesterday after falling 10% on Monday, with global indices following in a relief rally. After the S&P 500 rose 1.5% to another record high of almost 1,874, Asian markets followed, with the Nikkei 225 up 1.5% and Australia's benchmark index up 0.6% to its highest level for six years.  Safe haven assets suffered, with gold falling 1.2% to $1,334 per ou...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Sticky inflation dampens Bank of England's rate cutting prospects

Sticky inflation dampens Bank of England's rate cutting prospects

MPC to meet on Thursday

Linus Uhlig
clock 18 June 2025 • 3 min read
Tariffs drive record fall in UK exports to US

Tariffs drive record fall in UK exports to US

Imports fall by £400m

Linus Uhlig
clock 12 June 2025 • 2 min read
Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM), shared his view on the implications of the policies introduced by the Trump Administration for emerging market debt (EMD). Murphy then explained the firm’s approach to the EMD segment.

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM)
clock 12 June 2025 • 7 min read
Trustpilot