Shares bounce, US yield curve inverts after strong jobs data

US stocks drop, Treasury yield curve inverts US employers added 431,000 jobs in March US jobless rate at 3.6% Euro zone inflation 7.5% in March Oil heading for 13% fall this week NEW YORK, April 1 (Reuters) – Government bond yields resumed their upward climb on Friday as a key part of the US Treasury … Read more

Debt deadline and central bank hikes loom in Russia

A man walks out of a currency exchange office in Saint Petersburg, Russia January 26, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Register LONDON, March 11 (Reuters) – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency … Read more

Fitch, Moody’s slash Russia’s sovereign rating to junk

March 3 (Reuters) – Ratings agencies Fitch and Moody’s downgraded Russia by six notches to “junk” status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy. Russia’s financial markets have been thrown into turmoil by sanctions imposed over its invasion of Ukraine, the biggest attack on a European … Read more

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine

Ford suspends operations in Russia Apple stops iPhone sales in Russian market ESG investors press Western firms to act March 2 (Reuters) – Boeing (BA.N) suspended maintenance and technical support for Russian airlines and US energy firm Exxon Mobil (XOM.N) said it would exit Russia, joining a growing list of Western companies spurning Moscow over … Read more