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FTSE higher on hopes for de-escalation in Ukraine

by LLB Reporter
23rd Feb 22 9:18 am

The FTSE 100 managed a move higher on Wednesday despite the simmering tensions in Ukraine,” says AJ Bell investment director Russ Mould.

The US seems to have ruled out any talks with the Russians until they pull back from the separatist regions in the Donbas region they occupied yesterday so the ball now appears to be in Vladimir Putin’s court.

“So far the sanctions imposed by the West aren’t as heavy as might have been expected and the market is apparently taking this a win amid hints Putin might be open to a diplomatic solution,” said AJ Bell’s Russ Mould.

“However, predicting the Russian premier’s next move is a mug’s game and unfortunately until the situation is resolved the markets are likely to remain firmly on the edge.

“They could do with a spy of James Bond vintage to decipher the mixed messages coming from the Kremlin and 007’s favourite car maker Aston Martin revved higher as the company managed to cut its losses by three quarters and signalled its electric vehicle ambitions.

“After a troubled start to life as a public company since listing in 2018 the business might finally be getting back on track.”

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