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
German Chancellor Angela Merkel and her French counterpart have vowed to introduce a single eurozone budget and emergency funding as part of far-reaching reforms. They also agreed to reduce the refugee flow to Europe. Source Deutsche Welle
Most French companies hoping to keep doing business in Iran after the US imposes new sanctions on the country will find it impossible to do so, Finance Minister Bruno Le Maire said Tuesday. Source Arab News
The Libyan National Oil Corporation’s chairman, Mustafa Sanallah, said on Tuesday the country had lost some 400,000 barrels per day of oil production in recent days because of militant attacks at the Ras Lanuf and Es Sider ports. Source: Reuters
