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7 Mar 2014
Flash: Diplomatic resolution to Crimea looks likely - Danske Bank
FXStreet (Barcelona) - Morten Helt, Senior Analyst at Danske Bank notes that focus in financial markets on the ongoing Ukraine-Russia crisis has faded and market risk sentiment improved yesterday.
Key Quotes
“The local government in Crimea accelerated plans to join Russia as it brought forward a referendum to 16 March to decide whether to be part of Russia or remain in Ukraine.”
“Yesterday, US President Barack Obama talked on the phone with his Russian counterpart Vladimir Putin, underlining that a diplomatic solution still appears to be the most likely outcome.”
“However, the situation remains highly sensitive to newsflows and a renewed sell-off in risk markets cannot be ruled out if the crises escalades.”
Key Quotes
“The local government in Crimea accelerated plans to join Russia as it brought forward a referendum to 16 March to decide whether to be part of Russia or remain in Ukraine.”
“Yesterday, US President Barack Obama talked on the phone with his Russian counterpart Vladimir Putin, underlining that a diplomatic solution still appears to be the most likely outcome.”
“However, the situation remains highly sensitive to newsflows and a renewed sell-off in risk markets cannot be ruled out if the crises escalades.”