Poroshenko Flummoxes Investors With About-Face on Truce
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Ukraine’s leader sent financial markets into turbulence as he backtracked on talk of an end to five months of violence in his nation’s east.
President Petro Poroshenko announced yesterday that he’d hammered out a deal with Vladimir Putin to end the deadly unrest, sending global stocks and emerging-market currencies surging. When he later removed the word “permanent” from his cease-fire statement and Putin’s spokesman said there had been no deal, markets gave back some of the gains.