The growing tensions in the border areas between Poland and Ukraine are also sending shocks to the financial markets.
Nonetheless, the start is slightly positive for the European Stock Exchanges, Milan at +0.21%, Paris at +0.15%, Frankfurt at parity.
Counter Asian stock exchanges, which after an initial slump are now recovering slightly.
Tokyo found the plus sign again at the close, at +0.14%;
The Indian stock market also rose slightly after better-than-expected inflation data, while Hong Kong and mainland Chinese stock exchanges remained negative.
Turning to exchange rates, nervousness does not interrupt the recovery phase of the euro against the dollar: the single currency, now firmly above parity, rose this morning to 1.0042.
Spread between btp and german bund still under 200 points;
reopened this morning at 194 basis points.