• Russia's nuclear forces are holding drills in north-east of Moscow – Reuters

Market news

1 June 2022

Russia's nuclear forces are holding drills in north-east of Moscow – Reuters

Russia's nuclear forces are conducting drills in Ivanovo Province, north-east of Moscow, Reuters reports, citing Interfax’s headlines from the Russian Defence Ministry.

Interfax reported that “some 1,000 servicemen are exercising in intense manoeuvres using over 100 vehicles including Yars intercontinental ballistic missile launchers.”

No further details are provided on the same.

Market reaction

The market mood is lifted overall, despite brewing US-China tensions over Taiwan and the Russian nuclear woes. The same is reflected by the 0.50% advance in the S&P 500 futures.

The Asian stocks market ex-China is in the green after the upbeat Australian growth and Chinese manufacturing data.

Market Focus
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