
‘This Is a Recession Trade’: Stocks, Yields, Oil All Decline
(Bloomberg) -- As US equities start the week coming off their worst first half since 1970, there’s only one way of describing how they are moving, according to Neil Dutta.
(Bloomberg) -- As US equities start the week coming off their worst first half since 1970, there’s only one way of describing how they are moving, according to Neil Dutta.
The holders of two series of Gazprom PJSC notes face delays with coupon payments as Citigroup Inc., the securities’ paying agent, checks the transactions are compliant with sanctions, according to people familiar with the matter.
(Bloomberg) -- Bond traders are getting no summer break from the wildest Treasury market in years.
The dollar surged to its strongest level in more than two years as growing concern about recession prompted investors to pile into haven assets and riskier currencies from Hungary to Colombia were smashed.
West Texas Intermediate crude futures dropped below $100 a barrel for the first time since May 11 as concerns grow that a global economic slowdown will ultimately hobble demand.
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