Marketmind: “Moving in” (on stock market bargains)

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Reuters

A look at the day ahead from Sujata Rao. Prospects for war just do not bother markets the way they used to. U.S. President Joe Biden reckons Russia intends to “move in” on Ukraine, and even sowed doubt over whether the West would retaliate against any “minor incursion”. Yet buyers have stepped in to lift MSCI’s world stocks index after two days of falls, that saw the mighty Nasdaq enter “correction” territory, essentially a 10% fall from recent peaks. Wall Street, for the time being at least, appears set for a bounce, with Nasdaq futures up around 0.7%. And yields on “safe” bonds from Germany …

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