Benzinga | Apr 09, 2014 10:50AM ET
Tension between the West and Russia is at an all time high as accusations fly about recent demonstrations in eastern Ukraine.
The Kremlin has been named as the driving force behind the protests, which are supposedly part of a larger plan to eventually send in more troops and further divide Ukraine.
On Tuesday, US Secretary of State John Kerry accused Russian special forces of creating the disturbances and warned Russia against military intervention.
In other news around the markets:
Asian markets were mostly higher with the exception of the NIKKEI, which lost 2.10 percent. The Shanghai composite was up 0.33 percent, the Shenzhen composite gained 0.62 percent, the Hang Seng index rose 1.09 percent and the South Korean KOSPI was up 0.30 percent.
h3 European Markets/h3European markets were up across the board on Wednesday; the UK’s FTSE was up 0.76 percent and the eurozone’s STOXX 600 rose 0.63 percent. The German DAX was up 0.48 percent, France’s CAC 40 rose 0.53 percent and the Spanish IBEX increased 0.81 percent.
h3 Commodities /h3Energy futures fell on Wednesday, Brent futures were down 0.34 percent and WTI futures lost 0.42 percent. Gold gained 0.89 percent, silver lost 0.81 percent and industrial metals were mixed with copper down 0.56 percent and zinc up 1.25 percent.
h3 Currencies/h3In currency markets the dollar picked up, gaining 0.30 percent against the yen, 0.12 percent against the franc and 0.10 percent against the pound. They yen was on the decline with a 0.26 percent loss against the euro and a 0.49 percent loss against the Australian dollar.
h3 Earnings/h3Notable earnings released on Tuesday included:
Stocks moving in the Premarket included:
Notable earnings releases expected on Wednesday include:
Trade balance data will make up the majority of Wednesday’s economic calendar with import and export data being released by China, South Korea, Germany and the UK. Other notable economic releases will include US oil inventory data and the Australian unemployment rate.
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