Tuesday briefing: Europe thinks Russia is preparing to test Nato’s limits

Intelligence chiefs in Europe are warning that Russia is preparing to test the limits of Nato's defenses. This means that Russia may be planning to engage in more aggressive actions, possibly including sabotage and other covert attacks, against countries that support Ukraine. The situation is significant for markets and trade because it increases the risk of conflict and instability in Europe, which could have a negative impact on economic growth and global trade.

Why it matters

Russia's growing appetite for risk is causing concern among intelligence chiefs, which could lead to increased tensions and market volatility. This could negatively impact investor sentiment and lead to a decline in European equities.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

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