Russia: We have the right to use nuclear weapons if necessary – Medvedev

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We have the right to use nuclear weapons if necessary“, Said the vice president of the Russian Security Council, Medvedev, in the early hours of Tuesday in Europe.

The diplomat added that “it’s not a lantern“.

Market reaction

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Russia’s warning of nuclear war amplified risk aversion late last week and therefore these comments from Moscow should have weighed on market sentiment.

However, the latest pullback in Treasury yields and the US dollar appears to have helped equities and commodities trim recent losses ahead of the key US data/events. That said, SP500 Futures are posting intraday gains of 0.90% as they bounced off the three-month low marked the day before.

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Source: Fx Street

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