London —
A build-up of Russian troops on Ukraine's border has caused fears that Russia will invade. Nato said on Monday it was putting forcing on standby and reinforcing Eastern Europe with more ships and fighter jets. After a weak Asian session in which stock indexes extended Wall Street's losses, European markets opened higher.
“What we have seen in a combination of the rising geopolitical risk ... in combination with the market downside risk triggered by the more hawkish Fed,” said Eddie Cheng, head of international multi-asset investment at Allspring Global Investments. But Allspring's Cheng said there was unlikely to be such a drop this time, in the absence of a driver as big as the start of the Covid-19 pandemic.
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