With the Labour Day market holiday in United States and Canada, today’s trading day will be dominated by initial market reaction to the worsening Ukrainian crisis. Over the weekend, EU leaders warned that additional economic sanctions would be imposed on Russia unless Moscow begins scaling back its intervention in Ukraine. Unfortunately, no specific demands or deadlines were set, although some sort of concrete information on sanctions is likely to made public by next weekend or soon afterwards. The “nuclear option” of economic sanctions would be to shut Russia out of the international SWIFT-payment system and ban ... (full story)