US STOCKS-Wall Street to rally at open as Ukraine-Russia tension eases

martes 4 de marzo de 2014 10:16 GYT

* Putin sees no need for military force in Crimea

* RadioShack will close stores, shares pummeled

* Dish, Disney reach long-term deal

* Futures up: Dow 166 pts, S&P 19 pts, Nasdaq 38 pts

By Rodrigo Campos

NEW YORK, March 4 (Reuters) - U.S. stocks were set to open sharply higher on Tuesday after Russian President Vladimir Putin ordered troops involved in a military exercise near the Russian border with Ukraine back to their bases, easing fears of a possible war in the region.

Putin said there was no need to use military force in the Crimea region of Ukraine for now, a day after Russian stocks, bonds and currency were hammered as a result of Moscow's military move on the peninsula.

"This is a done deal; if it was escalating, it would have by now," said Doug Cote, chief market strategist, ING U.S. Investment Management in New York.

In the absence of a grave crisis, geopolitical risks tend to be short lived as leaders succumb to market forces, he said.   Continuación...