* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Samuel Indyk. Global shares were higher on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
Euro zone government bond yields rose on Tuesday with investors focusing on inflation risks, while yield spreads between core and periphery tightened as the European Central Bank reiterated that the anti-fragmentation tool has to be limitless. ECB policymaker Pierre Wunsch said the ECB should offer limitless support to euro zone members facing an unjustified surge in borrowing costs.
The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century. The White House and Moody's credit agency said Russia has defaulted as sanctions have effectively cut the country off from the global financial system.
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century.
The forint regained
some ground on Tuesday while government bond yields edged higher
ahead of a Hungarian central bank meeting where it is expected
to hike interest rates further in a bid to curb ...
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Samuel Indyk. Global shares moved into positive territory on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
The rouble firmed towards 53 to the dollar on Tuesday due to capital controls and month-end taxes that offset a negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century.
A look at the day ahead in markets from Sujata Rao. The Portuguese village of Sintra has been the scene of momentous speeches by European Central Bank policymakers. Both times, currency and bond market fracas ensued.
A look at the day ahead in markets from Sujata Rao. The Portuguese village of Sintra has been the scene of momentous speeches by European Central Bank policymakers. Both times, currency and bond market fracas ensued.
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