Scoreboard: Russian comfort

Russia’s insistence that it won’t encroach beyond Ukraine, plus talk of Chinese economic stimulus, have investors poised for action.

Risk appetite improved on Friday night, helped along by decent data on both sides of the Atlantic. The data wasn’t top tier or anything but it was enough to remind market players that the global economy is improving. In Europe for instance, economic confidence improved in March and the business climate indicator rose to 0.39 from 0.36. Then over in the US, personal income and spending remained robust, both rising 0.3 per cent apiece. Nothing major, but enough.

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