This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-26429659

The article has changed 13 times. There is an RSS feed of changes available.

Version 2 Version 3
Asian markets steady after global slump due to Ukraine Global markets steady as Ukraine impact fears ease
(about 1 hour later)
Asian markets recovered slightly on Tuesday, steadying after Monday's global sell-off. Global markets have steadied on Tuesday, with Russian markets opening up 3%.
All major Asian indexes traded higher on Tuesday: the Nikkei closed up 69 points and the Hang Seng rose 157 points. Markets across Europe also opened higher, with the FTSE 100 and Frankfrut's Dax up by more than 1% in morning trading.
Russian markets opened up 3% and the rouble also rose after falling to a record low on Monday. The recovery continued despite Russia's threats to abandon the US dollar as the country's reserve currency.
This comes after President Barack Obama said the US was considering economic sanctions to "isolate Russia". The warning came after President Barack Obama said the US was considering economic sanctions to "isolate Russia".
All major Asian indexes also traded higher on Tuesday: the Nikkei closed up 69 points and the Hang Seng rose 157 points.
No more US dollars
Kremlin economic aid Sergei Glazyev was quoted as saying that if the US imposed sanctions, Russia "would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves".
He said Russia would figure out a way to use a new payment system that was not reliant on US dollars for international transactions.
The EU has also threatened sanctions, but on Monday a British official was photographed holding policy documents that suggest the UK will not seek to curb trade with Russia or close London's financial centre to Russians.The EU has also threatened sanctions, but on Monday a British official was photographed holding policy documents that suggest the UK will not seek to curb trade with Russia or close London's financial centre to Russians.
"The lack of coherent response from the West may actually be providing some reassurance to traders that things won't escalate too far, with the reasoning being that the only thing the West will be firing towards Russia are harsh words," said Jonathan Sudaria, a dealer at London Capital Group, in a note to clients."The lack of coherent response from the West may actually be providing some reassurance to traders that things won't escalate too far, with the reasoning being that the only thing the West will be firing towards Russia are harsh words," said Jonathan Sudaria, a dealer at London Capital Group, in a note to clients.
Earlier plunge Oil prices also dropped, as investors believe the threat of supply disruption due to the Ukrainian crisis has decreased.
World markets had fallen sharply on Monday amid a growing sense of crisis over events in Ukraine. The price of gold, which normally rises when investors fear global risk, fell sharply by 1% to $1,338.05 on Tuesday.
All three US indexes closed down on Monday, with the Dow Jones Industrial Average dropping 154 points, or 0.9%.
In London, the FTSE 100 closed down 1.5%, while markets across Europe fell as much as 3.5%.
Earlier, the Russian rouble fell to a fresh all-time low against both the US dollar and the euro, while Moscow's stock exchange fell nearly 11%.
Analysts said investors were seeking safer places for their money.
The price of gold - a traditional haven - rose 2.5%, to a four-month high.
The price of oil increased by a similar amount, pushing the cost of Brent crude to close to $112 per barrel, while the bonds of financially strong governments such as Germany and Switzerland also saw increased demand.
The $2.60 rise in the oil price also reflects concerns among investors that sanctions could be imposed on Russia - a major global energy producer.