Market Speaks: Sentiments Could Turn Weary For Risky Assets Over Monekypox, Russia-NATO Confrontation In Focus

21 Jun 2022 , 01:00 PM

Rising global monkeypox cases are likely to ensure overall mood remains tight in the global risky assets market in near term. As global monkeypox cases top 2,500, the World Health Organization (WHO) posted a monkeypox update and removed the distinction between endemic and non-endemic nations to reflect a unified response. Cases have been reported in 42 countries in five global regions, but 84% have been in the WHO European Region. There is a good uptick in the global equities today amid a slide in the US dollar but the sentiment is on edge on possibility of a direct confrontation between Russia and the NATO countries. Russias foreign ministry is asking for immediate lifting of NATO member Lithuanias restrictions on the rail transit of EU-sanctioned goods to Moscows exclave of Kaliningrad. The Russia-Ukraine confrontation also continues to escalate and might weigh on the current rally in equities which have seen heavy losses over last few days. Powered by Commodity Insights