Source: Bloomberg The World Bank now sees global growth at 3.2%, compared to its January projection of 4.1% due to the impacts of the Ukrainian war. DJI is up +0.14%, DAX is up +0.62%. The downgraded growth forecast comes even as the World Bank warned that its funding from the resulting impacts of the war will be $170 billion, higher than a package of $157 billion … [Read more...] about World Bank Expects Ukraine War to Pull Down Global Growth to 3.2% In 2022
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US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
Source: MarketScreener The United States has banned Americans from putting investments in Russia, as part of its new sanctions for its invasion of Ukraine. QQQ is down 2.45% The new measures zero in on Sberbank, which accounts for a third of Russia’s total banking assets, along with Alfabank.The measures also impose sanctions on Russian President Vladimir Putin’s adult … [Read more...] about US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
