Asian stocks may fall, dollar rise as Ukraine crisis deepens: ""We believe it will be a broad-based sell-off," Naeem Aslam, chief market analyst at Ava Trade, told CNBC on Sunday. "If there is a military action, there could be over 2 percent gap to the downside. Before the markets open, gold and U.S. bonds could rally higher on the back of this and the same goes for the greenback."
Ukraine mobilized on Sunday for war and called up its reserves, after Russian President Vladimir Putin threatened to invade in the biggest confrontation between Moscow and the West since the Cold War, Reuters reported on Sunday."
What will matter this week, Baig argues, is the outlook for monetary policy, particularly quantitative easing (QE), "specifically Chinese QE - and maybe European too, depending on what (Mario) Draghi does this week" when the European Central Bank meets to decide on monetary policy.
'via Blog this'
No comments:
Post a Comment