Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday after Vladimir Putin upped the ante in a crisis the West fears could unleash a major war. In a lengthy televised address, the Russian president recognised two breakaway regions Donetsk and Luhansk in eastern Ukraine as independent entities and described Ukraine
A big fall in Turkey s lira is hardly rare these days, but the currency s precipitous 20% plunge over the last week is ramping up risks of a balance of payments crisis unless authorities can.
Eastern and central Europe’s normally predictable financial markets are suddenly alive with the most diverse geopolitical and economic risks the region has faced in decades, and international investors are starting to pay attention. The list makes worrying reading. The European Union faces a migrant crisis on its eastern borders the bloc says is being fomented .
Analysis: Investors suddenly see rampant risks in eastern Europe reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise interest rates at a pace not seen in more than a decade moves bound to aggravate debt problems and hurt equity markets.