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Added on the 21/03/2016 14:40:44 - Copyright : Reuters EN
Shares jump for joy at a shock policy easing from the Bank of Japan, and oil holds on to hopes of a coordinated Russian-OPEC production cut - even as analysts turn sceptic over whether such cuts will ever happen. Sara Hemrajani reports.
Speaking at a press conference alongside the EU's High Representative for Foreign Affairs, Josep Borrell, European Commission President, Ursula von der Leyen, reveals a new round of sanctions against Moscow over its latest "escalation" in Ukraine. The new sanctions include a cap on the price of Russian oil and a ban on exports from the country worth seven billion euros ($7 billion). The announcement comes as the Kremlin-installed leaders of Russian-held regions in Ukraine have been claiming victory in what Von der Leyen describes as "sham" referendums on joining the Russian Federation. SOUNDBITE
North Korea's nuclear test, sliding German exports and a lack of fresh stimulus signals from the ECB sour the mood for stocks in Asia and Europe. David Pollard reports.
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