Russian stocks sank on Monday to levels not seen since 2017,...
Russian stocks sank on Monday to levels not seen since 2017, weighed down by a global market selloff, threats of more sanctions and signs of continued unrest after last week’s partial mobilization.
The MOEX, a closely watched benchmark of Russian stocks, fell as much as 10% on Monday and was last down around 6% to 1,953.16, marking the weakest level since June 2017, according to Trading Economics. The index is trading under 2,000 for the first time since February, with today’s drop the worst since Russia invaded Ukraine in late February.
Here’s what Italy’s elections will mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis...
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis — now Sunday’s general elections in Italyis poised to deliver a far-right coalition led by Giorgia Meloni, whose Brothers of Italy party has fascist roots, a populist fiscal policy and deep Euro-skepticism.
So what would a Meloni government mean for markets, both within Italy and beyond? Here are some things to consider.
Watch the spread. The yield spread between the benchmark Italian 10-year government bond (BTP Italia) TMBMKIT-10Y, 4.353% and the German equivalent (Bund) TMBMKDE-10Y, 2.024% is the most closely followed gauge of how investors view Italy’s prospects.
Germany Secures Just One Tanker of Gas During Scholz’s Gulf Tour
German Chancellor Olaf Scholz secured just one shipment of liquefied...
German Chancellor Olaf Scholz secured just one shipment of liquefied natural gas from the United Arab Emirates, with a non-binding agreement for more, as Europe’s biggest economy struggles to replace Russian supplies.
The cargo -- 137,000 cubic meters -- will be delivered by Abu Dhabi National Oil Co. to German utility RWE AG by early 2023. ADNOC also signed a memorandum of understanding to make more deliveries next year. An ensuing trip to Qatar didn’t immediately yield any more deals.
