As if we ever thought it was beginning to calm down, geopolitical risk is back and playing a major role in these markets once more. Suggestions from the Polish foreign minister that Russian troops were massing on the border with Ukraine has spooked the markets again. This news spooked Wall Street and resulted in the S&P 500 wiping out all of the gains from the previous day. The Asia markets felt the bear pressure over night, whilst the 1% decline on the S&P 500 should ensure that, newsflow surrounding Russia permitting, the European markets will have a sizeable down-day today. Already indices such as the DAX and FTSE ... (full story)