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The DAX 40 remains range-bound amid energy uncertainty, continuing geopolitical conflicts and inflationary pressures. Can German stocks rally?
A Russian default is looming. A bitter fight is likely to follow
Rating agency Moody’s has warned that Russia might have defaulted on its debt since it tried to service its dollar bonds in rubles due to Western sanctions.
The Russian government claimed that it fulfilled its obligations in foreign currency on two of its bonds Tuesday, one day before they were due.
Ratings agency Fitch has warned that a Russian default on its national debt is "imminent," and downgraded the country's healthy-investment rating to "C"