Safe haven trade short-lived as markets climb

Stock markets recovered from last week's bout of anxiety this morning as geopolitical concerns eased, with safe haven bond yields climbing and shares rallying.

Tensions in Ukraine eased over the weekend, lifting shares this morning, after Russia ceased provocative military activities near the Ukranian border following international pressure. In response, markets climbed, with the FTSE 100 up 0.7% at 6,611 points, while shares in Europe also steamed ahead, the German DAX up 1.4% at 9,139 and the French CAC up 0.9% at 4,183. Last week markets fell as investors used the events in Russia and the Middle East to take profits from equities - the FTSE 100 has shed some 250 points in the last two weeks. Meanwhile, after yields on gilts and treasur...