No agreement in Europe on stopping Russian oil imports immediately
This was to be expected. Some European countries are too dependent on oil from Russia to declare an embargo overnight. This is particularly true of Austria and…
When the economic agenda is empty, markets look elsewhere and these day they see most of countries remaining in the grip of the pandemic and also political tensions on the rise. The US stock market registered its biggest downward correction in a month yesterday, while bond yields edged up. The recent behavior of the bond market has been actually very strange. The USD resumed its fall and the EUR/USD exchange rate broke 1.20.
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