Scoreboard: Ukraine angst

Markets on both sides of the Atlantic fell on escalating tensions in Ukraine, but Wall Street pared early losses as investors chose to focus on strong economic data.

In US economic data, the economy grew at 4.2 per cent annual pace in the June quarter, up from the ‘flash’ estimate of 4 per cent and above forecasts of 3.9 per cent. New claims for unemployment insurance fell by 1000 to 298,000 in the latest week and below forecasts of a result near 300,000. And pending home sales rose by 3.3 per cent in July, above forecasts for a 0.5 per cent gain. 


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