European Authorities Investigate Potential Russian Role in Bomb Threat Campaigns - FT

European authorities are reported to be investigating whether Russia played a role in a campaign of bomb threats across Europe, according to the Financial Times. The primary transmission channel is risk premium and geopolitical risk sentiment, which tends to lift demand for safe-haven assets and weigh on equities and currencies of the countries most directly affected. European equity indices and the euro are the most exposed, given that a confirmed state link would raise questions about security costs, cross-border cooperation and the broader Russia-Europe confrontation. Russian-linked assets, including sanctions-exposed securities and the rouble, face heightened sensitivity to any formal attribution or new punitive measures. Traders should watch for official attribution statements from EU or national security agencies and any resulting sanctions proposals from the European Council.

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