A customer hands over Russian rouble banknotes and coins to a vendor at a market in Omsk, Russia. Picture: REUTERS/ALEXEY MALGAVKO
High-level talks between Kyiv and Moscow last night ended with no agreement except to keep talking, but Asian markets stabilised on signs of no immediate escalation of sanctions. “A lot of what’s been happening in markets is obviously overshadowed by the news around Ukraine and Russia in terms of negotiations, but the significant drivers are going to be the response from governments and central banks in terms of the policy settings,” said Kerry Craig, Sydney-based global market strategist at JPMorgan Asset Management.
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