Scoreboard: Crimean clouds

The fallout from the Crimean referendum is likely to continue impacting global markets this week.

The shadow of the Crimean crisis dominated markets on Friday and will probably do so for much of this week as well. The planned referendum on secession went ahead yesterday and exit polling suggests that 93 per cent of voters opted to re-join Russia. The US has suggested the referendum is illegal and that voting was conducted under threats of violence and intimidation from Russia’s military, which of course means that the vote violates international law.

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