▲ Up
 
07:21 30-05-2017
MAIN АКИpress CA-News
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Ukraine-Russia ceasefire talk boost financial markets
15:51, 03 September 2014, 426

AKIPRESS.COM - Asian shares World markets jumped on Wednesday as Ukraine's President Petro Poroshenko said a ceasefire had been reached with Russia, holding steady despite conflicting reports from the Kremlin on the agreement, reports Reuters.

Russian shares surged more than four percent, while the rouble jumped 1.5 percent against the dollar, as hopes rose about a cooling of the conflict between Kiev and pro-Russian rebels in the country's Donbass region.

Poroshenko's press office said Ukraine's president reached agreement with his Russian counterpart Vladimir Putin on Wednesday on a "permanent ceasefire" in eastern Ukraine's Donbass region. The Kremlin later said steps towards peace had been discussed but there was no formal ceasefire because Russia is not a party to the conflict.

The FTSEurofirst 300 index of top European shares was up 0.9 percent at 1,388.11 points, while the euro was still higher on the day against almost every other major currency.

"It's favorable for the market. It reduces some uncertainty and suggests that investors will have one less tail risk to deal with," said James Butterfill, global equity strategist at Coutts, said. "It doesn't mean that Ukraine crisis is over, but it is a step in the right direction," James Butterfill, global equity strategist at Coutts, said.

German 10-year bond yields -- the euro zone benchmark -- pulled off a day's high of 0.969 percent but were still up 3 basis points on the day. Wall Street futures also rose 0.5 percent, pointing to a solid start for U.S. markets, while MSCI's broadest index of Asia-Pacific shares outside Japan extended gains, adding 1 percent. Asia had earlier been buoyed by a rebound in Chinese services data in August.

Japan's Nikkei stock average ended up 0.4 percent near a 7-month high, riding a weaker yen that was quashed by the bouyant US dollar. Hopes that Prime Minister Shinzo Abe's cabinet reshuffle will give fresh momentum to his growth-oriented policies also lifted sentiment.

Spot gold steadied at $1,264.00 an ounce, while Brent crude oil futures rebounded just over 1 percent to $101.46 a barrel after they fell to their lowest level in 16 months on Tuesday.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
17:43 New train on Samarkand — Astana route to be launched due to EXPO 201717:22 Atambayev signs amendments to code of administrative responsibility and law on veterinary medicine17:18 Atambayev receives Patriarch Kirill of Moscow and all Rus'17:09 Parliament committee approves draft law on banning daavat17:02 EU-funded waste collecting machinery handed over in Bishkek16:55 US might extend cabin laptop ban worldwide, top official says16:33 8,800 children in Kyrgyzstan being raised in 132 boarding schools16:26 Astana International Financial Center signs technology deal with Nasdaq16:04 Daavat ban will make young people join more radical flows of secretive sects — theologian15:57 Aida Salyanova's power abuse trial begins15:53 Kyrgyzstan ratifies loan and grant agreements with EBRD on improvement of Kara-Suu town water supply system15:47 President of Mongolia Tsakhiagiin Elbegdorj to attend SCO Summit in Astana15:40 100 people killed in Philippines as Government troops clashes with militant group15:10 18th anniversary of State Border Service marked in Kyrgyzstan15:02 Patrarch Kirill of Moscow and all Russia arrives in Issyk-Kul14:54 Parliament committee ratifies agreement with Georgia on avoidance of double taxation14:45 Parliament of Kyrgyzstan orders Government to consider increase of retail price for cigarettes up to 50 som14:32 Ramadan 2017: Are members of Kyrgyz government fasting?14:28 George Bush sends books to Mongolian soldiers14:28 National Bank of Tajikistan trying to keep inflation
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75