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Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

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Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

RUSSIA

LOCAL NEWS

  • Biden says US will take measures after the Belarus jet incident, backing the EU call to add targeted economic sanctions and other measures to hold Belarus accountable.
    • Says the incident is a "direct affront to international norms" and calls for the release of Roman Protasevich
    • Analysts say Russia's muted reaction to the Ryanair flight incident speaks to Russia's ambivalent view of Lukashenko – who is now becoming a problem amid improving ties with the US.
    • Opinions remain split over whether the act was committed with or without Russian approval.
  • EU banned Belarus airlines from flying to the EU, calling for airlines to avoid Belarusian airspace. Decisions still needs to be approved by the council at the ministerial level.
    • Russian FM says detention of opposition leader Protasevich is an internal issue, calling on the West to refrain from applying "double standards"
  • Putin formally accepts Biden's invitation to a one-to-one summit via his representatives during a high level diplomatic meeting in Geneva yesterday.
    • Meeting slated to happen on June 15 or 16 in a "third country, although the exact date and venue have not been decided yet and will be announced later
  • Russia confirms 14 cases of Indian Covid strain, but warns the number could be higher
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com