How will global financial markets react to Russia's infighting on Monday?

"It remains to be seen of course what happens in the next day or two, and if there is still uncertainty about Russia's leadership, investors may flock to safe-haven assets," said Gennadiy Goldberg, head of U.S. rates strategy at TD Securities.
Despite the de-escalation, investors may remain nervous about the prospect of subsequent instability and may remain cautious, Goldberg said.
The mutiny has apparently captured global attention and revived concerns in Washington about what would happen to Russia's nuclear stockpile in the event of domestic unrest. "Markets generally don't react well to ongoing, uncertain events, especially with Putin and Russia," said Quincy Krosby, chief global strategist at LPL Financial.
"If the uncertainty escalates, U.S. Treasuries will get bought, gold will get bought, and the yen tends to rise in that case as well," he said.
Alastair Winter, global investment strategist at Argyll Europe, said that while the easing of tensions means markets may not react much now, "Putin (control) has clearly been weakened and there could be more The situation evolves."
He believes the dollar will find some support as the market resumes speculation about rate hikes, rate cuts and recessions in different economies.
It is worth mentioning that this Wagner mutiny also happened at a time when the rising momentum of US stocks in the past few weeks was broken. All three major U.S. indexes fell for the week, snapping an eight-week winning streak for the Nasdaq Composite and five for the S&P 500.
Some in the industry fear that could make stocks more vulnerable to a sell-off. U.S. stocks have lost some momentum as the risk of high interest rates has regained focus after Powell's congressional testimony this week. Federal Reserve Chairman Jerome Powell hinted at further rate hikes ahead in testimony this week.
Of course, as the overall tension in Russia has been greatly eased, some Wall Street people are not yet too anxious about the market outlook.
Rich Steinberg, chief market strategist at Colony Group, said the market will view this as another geopolitical risk, though the de-escalation "calms some nerves in the short term." Safe-haven assets may not react much, as Wagner's troops did not reach Moscow after all and did not escalate the situation further. For now, at least, calm has prevailed.