Traders’ Hopes for Peace Tempered by Skepticism, Recession Fear
- Russia comments need to be ‘taken with grain of salt’: Amherst
- Pullback in yields shows moderating inflation risk: BetaShares
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Global investors took some comfort from prospects for any potential peace deal in Ukraine Tuesday but a strong sense of skepticism tempered gains in risk assets.
European stocks fared best with a more modest rise seen in the U.S., and oil quickly pared an initial slump. A rebound in Treasuries and the yen underscored the fact that it was a non-traditional risk-on move.