Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group AG, a deal that was orchestrated in an attempt to restore confidence in a battered sector.
- WorldPutin to welcome Xi to Moscow under shadow of Ukraine war
Russian President Vladimir Putin will expect Chinese President Xi Jinping to show solidarity against Western hegemony when he arrives in Moscow on Monday, while Xi will present China as a global peacemaker intent on brokering an end to the Ukraine war.
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A look at the day ahead in European and global markets from Wayne Cole
- WorldColumn: The road to war: An ex-Reuters journalist recalls the chase for WMD in Iraq
Louis Charbonneau covered the UN weapons inspections prior to the Iraq war and later became UN bureau chief. He is now UN director at Human Rights Watch.