| Videos | Channels | Search |
Ukraine crisis: latest update on commodity market reaction
The statement from Russian President Putin appears to have had a calming effect on the world’s financial markets. The Ukraine crisis has been affecting trading in stocks, commodities and currencies, with some panic driven selling. Markets hate uncertainty and now Putin has been quoted as saying force is a “last resort”.
In the last 48 hours Ukraine’s vital position as a cross roads for Europe’s gas supply caused the price to jump by 10 percent. That rise has now subsided. Gains in gold and oil have also seen relief selling off, while the Russian stock market has seen a relief rally.
Plus Saxo Bank’s Head of Commodity Strategy Ole Hansen gives some advice about trading in markets heavily affected by a geo-political event.
01:59 minutes
Tags: commodities, demand, gas, gold, gold price, gold spot, natural gas, oil, oil and gas, oil industry, oil market, oil news, oil price, oil prices, oil production, oil spread, oil stocks, oil supplies, oil supply, oil trading, russia, russian ruble, trading, trading risks, tradingfloor.com, ukraine, ukraine crisis