Brent crude jumped 3 per cent to over $69 a barrel, putting the international oil benchmark on track for its biggest gain in a month. Stocks dropped in Asia and Europe, with Germany’s Dax leading declines with a 1.75 per cent fall, while futures pointed declines of over 1 per cent in the US.
“Geopolitical risks are still alive and kicking,” said Elwin de Groot, head of macro strategy at Rabobank. “Over the past few years these risks have undoubtedly affected markets, but hardly with any lasting impact. Yet geopolitics remains important, if only because it could always turn into a more nasty factor for markets at some point.”


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