The Wall Street Journal:
Investors are responding to the fallout of the crisis escalation in Ukraine and the exchange of sanctions between Russia and the West that unsettles fragile financial markets in the region. Currencies in Central and Eastern Ukraine have dropped to its one-year lows against the dollar. European stocks also have suffered.
“The European recovery was pretty fragile to begin with, and now you have this instability on its border,” said David Chalupnik, who oversees the $8.5 billion equity portfolio at Nuveen Asset Management.
Read the full article here.