Benzinga | Mar 10, 2014 11:37AM ET
Over the weekend, Russian President Vladimir Putin expressed his support for the Ukraine’s Crimean peninsula’s move to separate from Ukraine and join Russia. His comments increased the pressure on Western diplomats to loosen Russia’s grip on the region and make good on threats to economically isolate Russia until it withdraws its troops in Crimea. Officials in the US and Europe and looking into increasing US natural gas shipments to Ukraine and finding alternative energy suppliers for countries across Europe.
h2 Top News/h2In other news around the markets:
Asian markets tumbled on poor economic data from the region. The Japanese NIKKE was down 1.01 percent, China’s Shanghai composite lost 2.86 percent and the Shenzhen composite was down 3.45 percent. The South Korean KOSPI lost 1.03 percent and the Hang Seng index was down 1.81 percent.
h3 European Markets/h3Europe’s markets were also down across the board, the eurozone’s STOXX 600 was down 1.57 percent, the UK’s FTSE lost 1.12 percent, France’s CAC 40 was down 1.15 percent and the German DAX fell 2.01 percent.
h3 Commodities/h3Energy futures lost ground on Monday; Brent futures were down 1.07 percent and WTI futures lost 1.43 percent. Gold and silver were down 0.43 percent and 1.02 percent respectively; and industrial metals were lower as well. Copper lost 1.64 percent, aluminum was down 1.73 percent and zinc was down 2.46 percent.
h3 Currencies/h3The euro held on to its strength at $1.3892 and the pound was flat against the dollar. The dollar lost 0.16 percent against the yen and gained 0.45 percent against the Australian dollar.
h3 Earnings/h3Notable earnings released on Friday included:
Stocks moving in the Premarket included:
Notable earnings releases expected on Monday include:
Monday’s economic calendar will be quiet with releases including eurozone investor confidence, Canadian housing starts, French industrial production and Spanish industrial production.
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