Fresh geopolitical tensions have added to investor concerns this morning, over a potential reduction in stimulus by the Federal Reserve. Russia said that it will eliminate the dollar from its National Wellbeing Fund in an attempt to reduce exposure to US assets amid threats of sanctions. The result has been session lows across the board, and the dollar paring gains.
Asian markets also felt the tension’s effects, as President Joe Biden unveiled plans to amend a US ban on investments in companies linked to the Chinese military, which may expand scrutiny to a wider set of enterprises.
Tune in to hear what's moving Thursday's market and where to trade to end up in green.