27 July 2014
Another week passed with growing concerns in Ukraine, following the downing of a passenger jet, that will more than likely lead to deeper sanctions against Russia. It appears likely that the plane was downed by Russian separatists with Russian military equipment and this is driving the reasoning for sanctions against Russia. What makes it less likely is that Putin will withdraw their support for the rebels is that he has gained support internally for the hard-line with Ukraine. What appears likely is that this tragic accident is likely to heighten the crisis rather than change its direction. Adding to uncertainty in Ukraine was the collapse of the Rada's majority coalition and Prime Minister Arseniy Yatsenyuk resigning. Meanwhile, Israel's brutal ground war in Gaza and no deal over Iran still get investors attention as each one of these could expand further and pose a significant risk to global markets if they do.