17 September 2009

Early Financial Analysis Of US Missile Pullback In Easern Europe.

REUTERS/
"It is something people are looking at but it has had no impact today," said Nigel Rendell, emerging markets strategist at Royal Bank of Canada.
"In some ways, it is negative because it means you will not get the inflow of foreign direct investment that would have come with building the missile shield but at the same time it is positive because these places would have been first in the firing line if anything happened."
Regional markets, the rouble, zloty and Czech crown were unaffected by the news, with investors more focused on oil prices in relation to Russia and attempts to rein in budget deficits in central and eastern Europe.