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Top StoriesFive Key Takeaways From Jamie Dimon’s Letter to JPMorgan’s Investors
Top StoriesWorld Shares Rise, U.S. Yield Curve Inverts After Strong Jobs Data
Top StoriesInflation ‘rhino’ May Be Difficult to Stop, Deutsche Bank Says
Top StoriesEurope Can Learn Lessons From 1970s Oil Shock as Rationing Looms
Analysis-Russia’s Rouble Rebound Is Not as Real as It Seems
Date: April 1, 2022
By Tommy Wilkes LONDON (Reuters) – The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall. The dramatic rebound – the currency nearly halved in value in seven trading sessions following the Feb. 24 invasion – is...
Equities Ignore Bonds
Date: March 30, 2022
By Rupert Thompson, Chief Investment Officer at Kingswood Bonds rather than equities were the centre of attention last week. 10-year US Treasury yields jumped 0.35% to 2.50%, while 10-year UK gilt yields increased 0.20% to 1.67%. Yields have now risen as much as 1.0% and 0.7% in the US and UK since the start of...
Shanghai Expands Covid Lockdown as New Daily Cases Surge by a Third
Date: March 30, 2022
By Brenda Goh and Roxanne Liu SHANGHAI (Reuters) -Authorities began locking down some western areas of Shanghai two days ahead of schedule, as new COVID-19 cases in China’s most populous city jumped by a third despite stringent measures already in place to try to stop the virus spreading. Home to 26 million people, China’s financial...
Russians Twice as Optimistic Since Ukraine Intervention – Pollster
Date: March 30, 2022
(Reuters) – Twice as many Russians are optimistic about the future now, a month into Moscow’s military intervention in Ukraine, as at the end of December, according to an opinion poll published on Wednesday. In a survey of 1,500 people conducted on March 20 by the pollster FOM, which provides research for the Kremlin, 49%...
Cracks Widen in Euro Zone Economy as War in Ukraine Rages On
Date: March 30, 2022
By Balazs Koranyi FRANKFURT (Reuters) – Europe’s economy is increasingly feeling the heat from Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday. Sanctions on Russia following its invasion last month have pushed energy prices to record highs across the continent, sapping confidence...
War, Inflation Hit French, German Consumer Morale More Than Feared
Date: March 29, 2022
By Leigh Thomas and Zuzanna Szymanska PARIS (Reuters) -France and Germany saw bigger than expected drops in consumer confidence this month as government steps to help with rising fuel costs and other inflation gave little relief following the impact of Russia’s invasion of Ukraine, surveys showed on Tuesday. The European Central Bank says it remains...