Traders work on the floor of the New York Stock Exchange, Tuesday, March 4, 2014. (AP Photo/Richard Drew)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Stocks and other risky investments, including battered Russian assets, rallied Tuesday after Russia's president said he saw no need to use military force in Crimea for now, remarks investors saw as intended to ease tensions over Ukraine.The ruble rose 1.2 percent to 36.05 to the dollar as Russian stocks jumped 5.3 percent, recouping almost half of Monday's losses.MSCI's all-country world stocks index, which tracks stocks in 45 countries, rose 1.2 percent to 410.05 .On Wall Street, the Dow Jones industrial average jumped 218.11 points or 1.35 percent, to 16,386.14, the S&P 500 gained 26.21 points or 1.42 percent, to 1,871.94 and the Nasdaq Composite added 75.689 points or 1.77 percent, to 4,352.99 .The yields on 10-year U.S. Treasurys and German Bunds rose 7 basis points and 4 basis points to 2.67 percent and 1.60 percent, respectively.
FOLLOW THIS ARTICLE