Tradeline Financials - European Market Update - Week 34, 2014

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Aug. 19, 2014 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - European Market Update - Week 34, 2014

European markets are expected to open higher today after a positive finish in the US yesterday and the possible de-escalation in the Ukraine.

As the start of the week saw Russian troops move away from the Ukraine border and tensions ease the latest news reporting that a refugee convoy has been hit in the Luhansk region of the country the Ukrainian government advises, placing the blame firmly on the pro-Russian separatists who in turn have stated that it was the Ukrainian forces who have been bombing the supply road relentlessly this past week.

The attack which happened just outside the town of Novosvitlivka on a road which is being used by hundreds of people looking to flee the conflict.

As the violence seems to intensify from the Ukrainians, civilian casualties are increasing and the humanitarian situation is starting to get noticeably worse as the time goes on and supplies start to run out.

Whether the Russian forces were moved due to the end of the exercises taking place or to placate the West it is impossible to say however it would be hard to think that President Putin would turn his back on the pro-Separatists and leave them to fend for themselves. As one report comes in stating calmer times, another reports on serious fighting and increased Russian presence on the borders. It is a hard conflict to call at this time and at this stage it is the civilian population that are paying the price more so than any of the Ukrainian troops.

Meanwhile, the EU has released up to €125m to compensate European fresh food producers that are being affected by the sanctions imposed by Moscow. The fund which will directly compensate farmers and producers of fresh produce which cannot be exported is being supplied under the €420m Common Agricultural Policy. Hardest hit in Europe will be Russia's neighbours Lithuania and Poland, along with Denmark and Finland who supply fresh fish and meat via export to Russia.

The produce which will not be exported will be re-directed to schools, hospitals and government initiatives and will not be destroyed.

The fresh fruit and vegetables normally imported from the EU to Russia amounts to over €1bn annually and is seen as a move to make Russian farmers more competitive in their own country.

Major Indices as of 19th August 2014:

Hang Seng -    24,930.69 -0.10%

Dow Jones -    16,838.74 +1.06%

FTSE 100 -     6,741.25 +0.78%

DAX -          9,245.33 +1.66%

MICEX -         1,407.53 +0.62%

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

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