- NewsReuters
UPDATE 1-Ukraine diplomat sees little chance of war, but local conflict possible
Ukraine is committed to seeking a diplomatic solution to the current tension with Russia, its ambassador to Japan, Sergiy Korsunsky, said on Wednesday, adding that he saw little chance of all-out war, although there might be smaller conflicts. Korsunsky warned an attack on a country with more than a dozen nuclear reactors would bring about a devastating regional impact on Europe.
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BusinessReutersEuro on defensive as traders fret over Ukraine tension, hawkish Fed
Western leaders stepped up preparations for any Russian military action in Ukraine while Moscow said it was watching with great concern after 8,500 U.S. troops were put on alert to deploy to Europe in the event of an escalation. Meanwhile, the Fed ends a two-day policy meeting later in the global day, with market players anxiously awaiting further clues on the timing and pace of interest rate hikes, as well as how the central bank will go about slimming down its almost $9 trillion balance sheet, a process dubbed quantitative tightening (QT). From the Fed, "any hints around the starting point for QT or 'sooner' and 'faster' on hikes could be market-moving," but "we don't expect definitive signals, unfortunately, and the result could be mixed messages," they wrote.
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