Good morning! Here’s what you need to know. 1. Russian Stocks Shrug. Russia’s MICEX index is up more than 2% despite the announcement of further sanctions against Russian financial institutions. BI’s Sam Ro explains why markets are unmoved: “…There’s little doubt that Russia’s economy is indeed under pressure. And Russia’s MICEX index is actually down 3.5% since the beginning of the year; compare that with the S&P 500, which is up 7.8% during that period. If anything, Wednesday’s reaction reflects investors’ expectations for the sanctions. And it would appear that the markets were prepared for worse. 2. Europe …read more
Source: Business Insider
