{"id":1956772,"date":"2023-06-25T19:31:02","date_gmt":"2023-06-25T23:31:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-russian-turmoil-tests-safe-haven-demand\/"},"modified":"2023-06-25T19:34:06","modified_gmt":"2023-06-25T23:34:06","slug":"marketmind-russian-turmoil-tests-safe-haven-demand","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-russian-turmoil-tests-safe-haven-demand\/","title":{"rendered":"Russian turmoil puts safe-haven demand to the test."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-russian-turmoil-tests-safe-haven-demand%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1956772&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By Jamie McGeever<\/strong><\/p>\n<p><strong>(Reuters) \u2013 A look at the day ahead in Asian markets from Jamie McGeever, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-investors-look-ahead-to-china-rate-decision\/\" title=\"Investors anticipate China rate decision in Marketmind.\">financial markets columnist<\/a>.<\/strong><\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all eyes on how investors react to the extraordinary events in Russia over the weekend.<\/strong><\/p>\n<p><strong>It is unclear what the immediate impact of Russian mercenaries\u2019 advance on Moscow, retreat and apparent deal with President Vladimir Putin will be on risk appetite and demand for traditional \u2018safe haven\u2019 assets like gold, Treasuries, the Japanese yen or the U.S. dollar.<\/strong><\/p>\n<p><strong>These assets would likely have attracted strong investor demand first thing on Monday morning had the Wagner group\u2019s march on Moscow continued. The apparent truce, however, makes that less certain, although the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-u-s-citizens-trapped-by-taliban-in-kabul-as-state-department-demands-foreign-nationals-be-allowed-to-leave\/\" title=\"Report: U.S. Citizens Trapped By Taliban In Kabul As State Department Demands Foreign Nationals Be Allowed To Leave\">situation remains fluid<\/a> and huge uncertainty surrounding Putin\u2019s grip on power remains.<\/strong><\/p>\n<p><strong>U.S. Secretary of State Antony Blinken suggested the turmoil in Russia might not be over and could take months to play out, while China\u2019s foreign ministry said on Sunday that Beijing supports Russia in maintaining its national stability.<\/strong><\/p>\n<p><strong>U.S.-Sino relations were already rock bottom so differences over the crisis in Russia will come as no surprise, but could serve as a reminder of the geopolitical risks that hang over global markets.<\/strong><\/p>\n<p><strong>Investors may be inclined to hunker down for the time being given the broader \u2018risk off\u2019 sentiment that descended on markets on Friday.<\/strong><\/p>\n<p><strong>Stock markets around the world finally succumbed to a heavy bout of profit-taking, with worries over inflation \u2013 especially core price pressure \u2013 and \u2018higher for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-russian-turmoil-tests-safe-haven-demand\/\" title=\"Russian turmoil puts safe-haven demand to the test.\">longer\u2019 interest rates triggering<\/a> the biggest weekly selloff in many major indices since the U.S. banking shock in March.<\/strong><\/p>\n<p><strong>The S&#038;P 500, Nasdaq, MSCI World Index, China\u2019s major indices and Japan\u2019s Nikkei 225 index all posted their biggest losses since March last week.<\/strong><\/p>\n<p><strong>Having hit a series of fresh 33-year highs, the Nikkei last week broke a 10-week winning streak, its best run since 2012\/2013. The MSCI Asia ex-Japan index, a broad measure of Asian stocks, slumped 4.2%, its worst week since September.<\/strong><\/p>\n<p><strong>The U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/black-monday-sp-500-falls-into-bear-market-territory\/\" title=\"Black Monday: S&#038;P 500 Falls Into Bear Market Territory\">yield curve inversion<\/a> is now within a few basis points of the multi-decade lows reached in March, and the dollar regained a foothold last week \u2013 all else equal, neither development is particularly positive for emerging markets.<\/strong><\/p>\n<p><strong>The yen will be worth watching \u2013 it hit a seven-month low around 144.00 per dollar on Friday, so could be poised for a sizeable rebound if there is a broad safe-haven flow, even though U.S.-Japanese rate differentials are stacked against it.<\/strong><\/p>\n<p><strong>The Asian economic and policy calendar this week is light, with most of the potential for market-moving news coming later in the week \u2013 Japanese and Australian retail sales on Thursday, and Japanese unemployment and Chinese purchasing managers index data on Friday.<\/strong><\/p>\n<p><strong>Here are key developments that could provide more direction to markets on Monday:<\/strong><\/p>\n<ul>\n<li><strong>Singapore industrial production (May)<\/strong><\/li>\n<li><strong>Taiwan industrial production<\/strong><\/li>\n<li><strong>Germany Ifo index (June)<\/strong><\/li>\n<\/ul>\n<p><strong>(By Jamie McGeever; Editing by Diane Craft)<\/strong><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/marketmind-russian-turmoil-tests\/attachment\/file-photo-colombo-stock-exchange-logo-board-is-seen-at\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>After India Prime Minister Narendra Modi and President Biden meet to strengthen ties, Barack Obama makes some very polarizing comments on the state of India during an interview on CNN<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>This week has been filled with major headlines in the U.S. and around the world. One America\u2019s Rachel Acenas brings us more in our Week in Review.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The massive search for a missing sub with five people on board comes to an end.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>More GOP candidates are entering the 2024 presidential election, with many speculating why now? One America\u2019s Monica Paige reports.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>TOKYO (Reuters) \u2013 Japan\u2019s military is testing Elon Musk\u2019s Starlink satellite internet service with an eye to adopting the technology next fiscal\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>TOKYO (Reuters) \u2013 Japan\u2019s military is testing Elon Musk\u2019s Starlink satellite internet service with an eye to adopting the technology next fiscal\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Indranil Sarkar and Chandini Monnappa BENGALURU (Reuters) \u2013 Fresh troubles at Indian edtech startup Byju\u2019s this week have escalated concerns among\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Indranil Sarkar and Chandini Monnappa BENGALURU (Reuters) \u2013 Fresh troubles at Indian edtech startup Byju\u2019s this week have escalated concerns among\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian markets start the week with little economic, policy, and corporate drivers. Investors focus on Russia&#8217;s extraordinary events and their impact on market reactions.<\/p>\n","protected":false},"author":66,"featured_media":1956773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1956772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1956772"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1956773"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1956772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1956772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1956772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}