Scoreboard: Obama bummer

Wall Street slumped as the US president’s grandstanding on Russia spooked investors.

Equity markets initially pushed higher, and in Europe they closed in the black. However they became spooked after further steps were taken by US President Barack Obama to escalate the Crimean crisis. He’s really puffing out his chest, and adopting quite alarmist rhetoric, suggesting that the world order is being tested and that the West should be prepared militarily.

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