Geopolitical jitters threaten to escalate further – Danske Bank

FXStreet (Edinburgh) - In the opinion of Sverre Holbek, Senior Analyst at Danske Bank, tensions in Ukraine are growing bigger.

Key Quotes

“The situation in Ukraine escalated further yesterday as heavy fighting erupted”.

“According to Wall Street Journal, there were several casualties yesterday in what is seen as the most sustained fighting since acting President Turchynov sent troops to Eastern Ukraine some three weeks ago”.

“Ukraine is currently attempting to regain control in its Eastern region ahead of the 25 May presidential elections, while pro-Russian militants plan a referendum on the region’s future on 11 May”.

Germany: PMI Services rises to 54.7 in April

German PMI Services grew to 54.7 points in April, following a 53 point reading the previous month, Markit informed on Tuesday. This reult is below expectations of a rise to 55.
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