An update on the COVID-19 situation in Shanghai. Be aware that lockdown measures in areas affected have been extended for another 10 days on Friday.
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Twitter jumps 27% in pre-market as Elon Musk takes on passive stake in the company
That’s quite the boost and makes Twitter one of the big movers before the open later today. For some context, the stake makes Elon the single largest shareholder in Twitter. Here’s a list of the other names (h/t @ itsTarH):
Just last week, Musk asked about creating a new social media platform b
Euro drags its feet to kick start the week
EUR/USD is down 0.4% to a session low of 1.1010 as the euro has nearly wiped out its jump from last week, which came on the back of peace hopes initially here.
There are some modest expiries rolling off today at 1.1000-10 so that could be a factor attracting price action but for now, sellers a
Moscow keeps mum about status of peace talks
Talks were scheduled to resume today but so far there have been little signs of a potential breakthrough following the optimism from last week here. The good thing is that talks are still ongoing but the next big development to watch for – at least for risk trades – will be whether or not we will se
German banks says economy faces steep recession if Russian oil and gas were to be cut off
Sees German growth of 2% this yearBut there are considerable risksThe situation would be even worse if Russian oil and gas supplies were to be haltedA significant recession in Germany would then be unavoidableCalls on ECB to end asset purchases and signal start of rate hikesAgain, no surprises that