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Russia, weak data weigh on nervous Europe

Posted by ipso facto @ 9:12 on August 6, 2014  

LONDON (Reuters) – European stocks fell on Wednesday while nervous investors took refuge in high-rated bonds as Russia amassed troops on its border with Ukraine, raising concerns among western powers that it could invade.

The euro came under pressure, trading at nine-month low against the dollar amid threats of retaliatory Russian sanctions against the European Union, and signs the crisis in Ukraine was hitting Europe’s biggest economy Germany. [FRX/]

German industrial orders slid in June at their steepest rate since September 2011, and the economy ministry said political tensions had probably led to more caution from customers.

“We are getting closer to a situation where we really have an escalation of the conflict… sanctions being stepped up, and things moving out of control,” said Elwin de Groot, senior market economist at Rabobank.

more http://finance.yahoo.com/news/asia-shares-worn-wall-street-031023300.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.