Stocks are sharply lower, with European stocks trading ugly right from the start. Germany is down more than one percent, and is lodged at the lowest levels in nearly three months.
Several factors are moving our markets, including:
1) The rhetoric in Ukraine is getting downright vitriolic.
2) Adidas cites Russian exposure risk.
3) Portuga’s Banco Espirito Santo posted a $4.8 billion loss.
4) We saw the 10-year yields spike to over 2.6 percent.
5) Argentina’s default.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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