European markets have opened in the red today, as news from Ukraine painted a bleak picture of the country’s ongoing conflict with Russia and raised the prospects of a full-scale war between the two nations. Earlier, the British Retail Consortium reported that overall shop prices in the UK dropped 1.4% YoY in April, marking the 12th consecutive month of decline. Later today, traders will keep a close eye on the US Fed chief, Janet Yellen’s congressional testimony for cues on the interest rate guidance.
European markets have opened in the red today, as news from Ukraine painted a bleak picture of the country’s ongoing conflict with Russia and raised the prospects of a full-scale war between the two nations. Earlier, the British Retail Consortium reported that overall shop prices in the UK dropped 1.4% YoY in April, marking the 12th consecutive month of decline. Later today, traders will keep a close eye on the US Fed chief, Janet Yellen’s congressional testimony for cues on the interest rate guidance.
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