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European markets and region-related exchange traded funds were higher Thursday, nearly recouping their losses since Russia invaded Ukraine and geopolitical risk rattled sentiment.
China country-specific exchange traded funds surged as Beijing pledges to support the financial markets and Chinese regulators set out to communicate with their U.S. counterparts to reach an agreement on audit supervisions.
'Nobody knows where this ends and we are in a maximum uncertainty environment that requires a rethinking for most investors,' said Peter Garnry.
The Russian central bank has tried to limit panic selling by closing the stock market for the longest stretch since 1998.
On a day of turmoil that saw the rouble crash 30% to an all-time low, shares in companies exposed to Russia tumbled on international exchanges.