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🇩🇪 German Chancellor Olaf Scholz, in his New Year’s address, vowed continued support for Ukraine against Russian aggression while ensuring the war doesn’t spread.
"We will not leave Ukraine in trouble and will support it like no one else in Europe," Scholz said, as quoted by Zeit.
🇩🇪 German Chancellor Olaf Scholz, in his New Year’s address, vowed continued support for Ukraine against Russian aggression while ensuring the war doesn’t spread.
"We will not leave Ukraine in trouble and will support it like no one else in Europe," Scholz said, as quoted by Zeit.
That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. But the Ukraine Crisis Media Center's Tsekhanovska points out that communications are often down in zones most affected by the war, making this sort of cross-referencing a luxury many cannot afford. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks.
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