Effects from any default on Russia’s sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, economist Stephen Roach warns.
Archiv für den Monat: März 2022
Stock futures cut losses after oil pulls back from overnight $130 high, Dow futures down 160 points
U.S. equity futures fell Monday morning as U.S. oil price briefly jumped to their highest level since 2008 amid the ongoing war between Russia and Ukraine.
National average for a gallon of gas tops $4, the highest price at the pump since 2008
Consumers are paying the most at the pump since 2008.
Markets Week Ahead: Euro, DAX 40, FTSE 100, Ukraine, ECB, Gold, Crude Oil, US CPI
Russia’s attack on Ukraine continued to rattle markets, especially European ones. The Euro, DAX 40 and FTSE 100 tumbled faster than their North American counterparts. WTI crude oil prices soared 25…
Kremlin says Russia can halt Ukraine operations if Kyiv meets Moscow’s conditions
But of course with a caveat. That being Ukraine must amend its constitution, reject claims to enter any bloc i.e. NATO, and that it must recognise Crimea as Russia as well as Donetsk and Lugansk as independent states. Yup, this is pretty much the basis of talks between the two countries as well so d
Ukraine presidential adviser says new talks with Russia will begin at 1400 GMT
In times like these, it’s just best to be prepared in case there will be headlines from 1200 GMT (earlier report here) onwards.But either way, as mentioned in the earlier post, I’m not expecting a major breakthrough as the siege on Ukrainian cities continue to play out.Update: A Reuters source is al
Russia-Ukraine talks today said to begin at 1200 GMT
Well, the first two rounds of talks failed to yield any breakthrough and I don’t see why this would be any different. This is all largely for show as the situation on the ground remains unchanged.
Euro troubled, aussie and kiwi stay resilient
EUR/USD is trading down 0.9% to 1.0830 currently and there doesn’t seem to be much reprieve in general for the single currency at the moment. Sure, the SNB may have stepped in with some verbal intervention and that has helped EUR/CHF to erase its earlier declines to turn flat at 1.0020 but it isn’t
BOJ reportedly may downgrade view on economy at next week’s policy meeting
The downgrade would be attributed to the spike in omicron infections as the latest wave seemed to have dealt a bigger-than-expected blow to consumption activity. The central bank is said to also perhaps warn of heightening economic risks linked to the Russia-Ukraine war, which has led to energy pric