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Euro will remain weak despite stretched selling momentum
Financial markets and nervous investors continue to be influenced by the geopolitics of Ukraine and Russia. Yesterday’s announcement that the US and EU would be moving to Stage 3 sanctions (against financial, defense and energy sectors has turned the mood once more towards caution. Wall Street closed just under 0.5% lower, despite more strong results from the likes of Merck and Pfizer (however, a late announcement of results from Twitter caused a stunning 35% gain after-hours and this could help drive a market rebound today). Asian markets were mixed with the Nikkei slightly higher following the continued weakness ... (full story)