‘Diplomacy’ Mood in Global Markets
Burc Oran
February 18, 2022
Asian stock markets

The diplomatic talks between the USA and Russia regarding the Ukraine crisis created some recovery in the risk appetite in the global markets.

With the meeting of the foreign ministers of the USA and Russia, which will take place next week, some recovery is seen in the markets.

American Stock Exchanges closed Thursday with a sharp decline in the shadow of developments pointing to the possibility of war in Ukraine.

While the Nasdaq 100 fell by 2.9 percent and the S&P 500 decreased by 2.1 percent, an effort to recover is observed in the futures of the two indices, rising by 0.9 percent and 0.7 percent, respectively, this morning.

Asian markets, on the other hand, are experiencing daily losses, although the size is relatively light.

The possibility of diplomacy in Ukraine also triggered the exit from the “safe harbors” .

On the other hand, the yen is the most depreciating G10 currency against the dollar, down 0.2 percent against the dollar. However, developing country currencies are registering slight increases against the dollar with the increasing risk appetite.

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