Stocks Advance After Putin Dismisses Designs on Ukraine

By Staff,

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Stocks were up for a second consecutive day as fears of an escalating conflict between the West and Russia were alleviated after Russian President Vladimir Putin said that he has no designs on annexing other territories of Ukraine besides Crimea. Although Western leaders still condemn Russia's actions in southern Ukraine and intend to follow through on limited economic sanctions, the likelihood for any aggressive NATO response was extinguished by Putin's reticence to invade deeper into the former Soviet satellite. Investors were also encouraged by tame inflation data and signs of a rebound in the U.S. housing market.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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