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Traditional 60-40 portfolio of global equities and fixed income on course for worst month since 2022
MOSCOW, April 29 (Reuters) - Russia plans to stay in OPEC+ despite a decision by the United Arab Emirates to leave, the Kremlin said on Wednesday, voicing hopes the alliance of oil producers would continue to operate amid turmoil in the global energy market. The UAE said on Tuesday it would quit the Organization of the Petroleum Exporting Countries, dealing a blow to the group as an energy crisis triggered by the Iran war has exposed rifts among Gulf nations. The UAE was the fourth-largest producer in OPEC+, while Russia is second, behind Saudi Arabia
Kevin Warsh, Donald Trump’s nominee to be the next chair of the Federal Reserve, vowed to protect the US central bank’s independence if he is confirmed to the role
Israeli President Isaac Herzog has decided to shelve, for now, Prime Minister Benjamin Netanyahu’s request for a pardon in his graft trial, preferring to press the parties to reach an agreement that would terminate the case consensually, his office announced
The Federal Reserve, Bank of Japan and Bank of Canada are expected to keep their rates unchanged this week as policymakers keep a hawkish eye on fallout from the Iran war. The Bank of England and European Central Bank are also likely to echo similar messages and hold rates. Bloomberg’s Mark Cranfield breaks down the situation
The DOJ dropped its criminal investigation into Fed Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming
Russia launched more than 600 drones and 47 missiles as it targeted eight regions in Dnipro, authorities say
Brazil’s Finance Ministry cited investor protection concerns and rising gambling addiction as it blocked platforms like Polymarket and Kalshi
Israel’s parliament approved a state budget that should stabilize the ruling coalition until elections later this year and which will see defense spending increase significantly to cover the wars against Iran and in Lebanon
Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender
The agency’s forecast assumes oil and gas deliveries from the Middle East to international markets resume by midyear, though not to preconflict levels