Head of Russia's Upper House says Putin asked for permission to use troops abroad

The head of the Russian parliament said on Tuesday that Russian President Vladimir Putin had asked for permission to use Russian troops abroad. The Russian parliament will now vote on this request. Presumably, this refers to Russia's plans to set up military bases in the pro-Russia breakaway regions of Eastern Ukraine which Russia recognised as independent nations on Monday. However, the vote could allow Putin to order a further military incursion into Ukraine. 

S&P 500 recovers from new monthly lows to 4350 area as investors await new US sanctions on Russia

It was a choppy start to the session, with the S&P 500 index falling as much as 0.7% in the immediate aftermath of the open to hit fresh monthly lows
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EUR/GBP retreats sharply from six-day highs, back under 0.8350

The EUR/GBP jumped on Tuesday from two-week lows near 0.8300 to 0.8382, reaching the highest level since last Wednesday. On American hours it is pulli
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