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What geopolitical tensions? Bourses dismiss issues

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What geopolitical tensions? Bourses dismiss issues

Tensions seem to be an afterthought on the markets as investors’ long-established bullishness continues to plough on. While diplomatic efforts are being made in the bid to bring the violence in Gaza to an end, EU foreign ministers are also in discussions over toughening sanctions against Russia as a reaction to the tragedy involving Malaysia Airlines flight MH17 over Ukraine.

Despite this however, the last six days have seen Moscow’s Micex index rallying by 1.7%. The Russian currency, the ruble, has also risen by 0.5% against the dollar.

While this may catch some off guard, it is an attitude exhibited across the market. Risk aversion is clearly waning and traders are being aided further by numerous factors which have seen various bourses rise to record or cyclical highs. These include, an improving US economy, continued ultra-loose monetary policy by the world’s major central banks, as well as optimism over corporate earnings

In fact, according to Reuters, 66% of S&P 500 constituents have reported second-quarter earnings have beaten consensus expectations.

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Ebene Cybercity,
Mauritius,
J. Balcikonio str. 9,
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Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.