Fears of a Russian invasion of Ukraine are keeping investors on edge.
President Joe Biden on Friday said he believed Russian leader Vladimir Putin had made up his mind to invade in coming days but that until he does there was still scope for diplomacy. Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Antony Blinken are set to meet in the week ahead if an invasion doesn’t occur beforehand.
Headline-driven volatility
Stocks and other financial markets continued to react to headlines over the past week, reflecting relief after Moscow, which denies its planning an invasion, said it was pulling back some troops from the Ukraine border. However, that relief proved short-lived as the U.S. and its allies said that instead of pulling back, Russia moved more troops forward, with Russian forces engaging in the sort of false-flag activities that the Biden administration…
