European Stocks Fall as Ukraine Peace Evaporates

Ukrainian President Petro Poroshenko said on Thursday that Russian forces and entered his country and the military conflict was worsening after Russian-backed separatists swept into a key town in the east and threatened other areas.

He said he was cancelling a trip to Turkey “as Russian troops have actually been brought into Ukraine.”

Earlier, a combined force of Russian forces and separatists moved into Novoazovsk, which has been under pressure from them for two days. They now had the potential to threaten Mariupol, a port city further along the Sea of Azov coast.

“A counter-offensive by Russian troops and separatist units is continuing in south-east Ukraine,” Ukraine’s defense and security council said in a post on Twitter.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza