European shares advance as French political concerns subside
European shares closed higher on Tuesday, supported by a slip in government bond yields as investor concern over French political woes ebbed, with the focus shifting to data and policymakers’ comments to gauge global central banks’ monetary policy path. The pan-European STOXX 600 (.STOXX), closed nearly 0.7% up, with utilities (.SX6P), leading sectoral gains, up 1.5%. Euro […]
Explainer: What happens next in Ukraine’s debt restructuring?
Talks between Ukraine and its international bondholders designed to cut its debt to help finance its war effort ground to a halt on Monday after the two sides failed to reach an agreement. It means the clock continues to tick down to a potential $23 billion sovereign default later in the summer. That’s a headache that Kyiv […]