Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector.
- WorldPutin to host ally Xi in Russia as Ukraine war rages
Russian President Vladimir Putin hosts Chinese President Xi Jinping on Monday hoping for support against Western pressure over his war in Ukraine while Xi will present China as a global peacemaker intent on brokering an end to the conflict.
- MarketsMorning Bid: Investors adopt the brace position as banks topple
A look at the day ahead in European and global markets from Wayne Cole
- WorldNorth Korea's Kim oversees simulated nuclear counterattack against US, South Korea
North Korean leader Kim Jong Un has overseen drills simulating a nuclear counterattack against the U.S. and South Korea in a warning to the allies who are scaling up their joint military exercises, state media KCNA said on Monday.