Geopolitical tensions not over yet – Danske Bank

FXStreet (Edinburgh) - In the view of Lars Christensen, Chief Analyst at Danske Bank, tensions from Ukraine would still be weighing on markets.

Key Quotes

“Despite the continued tensions in eastern Ukraine the US stock markets rose on Monday after quite a bit of headwind last week”.

“The markets are, however, not immune to the events in Ukraine and particularly the commodity markets have been affected. Oil prices continue to rise on the back of the increased geopolitical tensions and are close to the highest level in more than a month”.

“In the global currency markets the Russian rouble and the Ukrainian hryvnia continue to weaken, while the major currencies have been relatively steady overnight”.