Ukraine Tenisons Flare as Poroshenko Touts Strike on APCs
Comment of the Day

August 15 2014

Commentary by Eoin Treacy

Ukraine Tenisons Flare as Poroshenko Touts Strike on APCs

This article by Daryna Krasnolutska and Scott Rose for Bloomberg may be of interest to subscribers. Here is a section:

Tensions flared in Ukraine yesterday as the government said its army destroyed part of a column of military vehicles that crossed the border from Russia, even as Vladimir Putin denies any military presence in the country.

President Petro Poroshenko said Ukrainian forces destroyed part of a column that had arrived from Russia. The Foreign Ministry in Moscow rejected the statement and warned about a potential attack on another convoy that carries aid. Ukraine’s top diplomat, Pavlo Klimkin, said he will meet with his Russian, German and French counterparts tomorrow in Berlin.

Eoin Treacy's view

The geopolitical stakes continue to be raised in Eastern Europe and show little sign of improving. 

German Bund yields fell to 0.95% today, another historic low. Meanwhile the DAX Index encountered resistance in the region of the 200-day MA and pulled back in a dynamic fashion. A sustained move above the trend mean, currently near 9370 is the minimum required to signal a return to demand dominance. 

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