Russia-ukraine Pact Calms Markets

Russia-ukraine Pact Calms Markets

US stock futures were ebbing and flowing on Tuesday as markets were left with some solace the day after Russia and Ukraine agreed to a ceasefire amid their months-long conflict. 

Russia-ukraine Pact Calms Markets
Russia-ukraine Pact Calms Markets

Manufacturing in the US is surging this month, demonstrating the nation's economic recovery is proceeding. Equities are coming off a slow Monday session that prompted the S&P to have one of its slimmest trading ranges ever. Today, just after 10 a.m. in New York, the Nasdaq moderately climbed 0.06%, a gain of 2.75 points to 4,371.59; the S&P 500 slipped 0.14%, a drop of 2.68 points to 1,959.94; and the Dow dipped 0.05%, a fall of 7.97 points to 16,929.29.

Business confidence in Germany, the top economy in the euro zone, dipped more than forecast this month amid questions about how companies are navigating geopolitical struggles in Ukraine and Iraq.

Manufacturing index shows growth in June
After checking in at 56.4 in May, the Markit Economics of US Manufacturing pushed to 57.5 this month, marking its top level in slightly more than four years, according to Bloomberg. Orders also pushed ahead to 61.7 this month as compared to 58.8 in May. June job creation at factories demonstrated growth at a pace on par with development last month

Putin pullback comes after ceasefire
One day after Russia and Ukraine agreed to a tenuous ceasefire, Russia President Vladimir Putin asked parliament to withdraw his mandate to order an invasion, The Washington Post reports. Coming about four months after Russian troops filed into Ukraine, the Monday ceasefire includes peace negotiations between Ukraine government officials and pro-Russia militants.

The offices of Ukraine President Petro Poroshenko said he was pleased by his Russian counterpart's symbolic overture, which they called "the first practical step" of the peace plan. Putin's solicitation is unlikely to do anything to withdraw Russia troops from Crimea when the legislators pull back his mandate on Wednesday.

On Monday, former Ukraine President Leonid Kuchma convened with pro-Russian separatists, which marked the first diplomatic meetings between the two sides. Despite the drive toward peace, both sides reported attacks did not end on Monday or Tuesday. But both sides were for the most part holding fire to comply with the Monday agreement.

Nadex Funds Are Segregated
At Nadex, we take the integrity of the exchange and the safety of member funds extremely seriously. As a regulated exchange, Nadex is completely neutral with respect to the activity that takes place on it. The firm does not trade and it does not take speculative positions in the market, either on Nadex or elsewhere.

Nadex is subject to regulatory oversight by the Commodity Futures Trading Commission (CFTC). The CFTC is a government body that has regulatory oversight over the industry and is committed to protecting market users from fraud and manipulation.

This information has been prepared by Nadex, a trading name of North American Derivatives Exchange, Inc., prepared by independent third parties contracted by Nadex or reproduced form third party news agencies. In addition to the disclaimer below, the material on this page does not contain an offer of, or solicitation for, a transaction in any financial instrument. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.