Confidence levels in corporate bond and equity markets have diverged to an extent not seen since the financial crisis as fixed income traders signal rougher times ahead. Investment-grade bond yields and equity volatility, measures of investor sentiment in their respective markets, have moved further apart than at any time since March 2008. Source Financial Times
– U.S. Ambassador to the United Nations Nikki Haley accused Russia on Monday of “cheating” on U.N. sanctions on North Korea and said Washington has “evidence of consistent and wide-ranging Russian violations.” Source: Reuters
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Ministry statement said. Source: Oil Price
U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. Source: Reuters
