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News Link • Economy - International

Russia-West tensions weigh on stocks, buoy oil prices

• Reuters

MSCI's world equity index .MIWD00000PUS was flat after falling 0.7 percent on Friday.

Markets, especially in Asia, had earlier been hit by signals that Chinese authorities are unlikely to support the economy with more stimulus, but European stocks drew support from merger moves and upbeat results in the pharmaceutical sector. 

The tensions over Ukraine boosted Brent oil prices above $110 a barrel, near a seven-week high, and prompted some investors to seek safety in assets such as the yen, which was close to one-week highs against the dollar.

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