It's been a roller-coaster ride this week for world markets with a Monday plunge and a Tuesday surge as investors reacted to unfolding tensions in Ukraine. Investors had yanked out of stocks as the potential for a military conflict between Ukraine and Russia increased. Pressures have since eased, balancing global markets.
World leaders have continued to threaten international sanctions against Russia if the situation worsens. On Tuesday, the U.S. announced that it would suspend key trade and investment talks with Russia.
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"Russia is jeopardizing its relationship with the West and focusing purely on military interests, even at the risk of economic consequences," ING Investment Management's Maarten-Jan Bakkum said in a statement. "The economic interests are all so great and no one, therefore, benefits from this situation."