This is why Europe is one step away from war but the markets care little

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Some more, some less. Some more explicitly, some more covertly. But the idea is widespread on the market (and not from today) that in the end the diplomatic-military escalation between Russia, Ukraine, Europe and the United States may turn out to be more noise than anything else. Or, in any case, something that could ultimately cause limited damage to the economy and markets. This is demonstrated above all by the performance of the Stock Exchanges on Tuesday: if in the morning they had opened with a marked decline, with the Stoxx 600 index of the European lists that it had …

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