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SmartTrader > Daily Markets Wrap > Markets react to Putin crisis; Gold prices climb, equities & oil steady
Daily Markets Wrap

Markets react to Putin crisis; Gold prices climb, equities & oil steady

SmartTrader Analyst Team
SmartTrader Analyst Team June 26, 2023 2 Min Read
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📆 Monday, June 26

► Over the weekend, Russian President Vladimir Putin faced an attempted insurrection led by Yevgeny Prigozhin, a longtime Putin ally who led a private mercenary group.

► Oil prices have increased slightly but lost earlier gains while European stocks experienced a slight decrease. German Ifo business climate came in worse than expected and fell sharply from the previous reading (to 88.5 from 91.5). The recent decline underscored the persistent uncertainty surrounding the recovery in Europe's largest economy, with manufacturers reporting falling new orders due to the dampening effect of global interest rate hikes on demand.

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SmartTrader Analyst Team June 26, 2023
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