Markets Dip and Bounce, But Beginning to Take Currency Volatility Into Account

Asian bourses down, Europe subdued, but bouncing back in late morning after Monday’s rallies.
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Asian bourses down, Europe subdued, but bouncing back in late morning after Monday’s rallies. Russian and Ukraine talks seem unlikely to be productive. Conflicting US and Eurozone monetary policy likely to increase currency volatility. WPP, world’s largest advertising agency by sales, shows effect of currency fluctuations in its results, but still received positively by the market. A similar story applies to outsourcing and distribution group Bunzl. Dutch technical services provider Royal Imtech sells its ICT business to France’s Vinci Group. Lufthansa hit by concerns over possible pilots’ strike.