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EMERGING MARKETS: Global News: March 11

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • US / UKRAINE (WSJ) – The Trump administration might restart intelligence and military support to Kyiv if high-level talks between US and Ukrainian officials on a potential peace process make headway on Tuesday, Secretary of State Marco Rubio said.
  • UKRAINE / RUSSIA (NYT) – Ukraine unleashed one of its largest long-range drone bombardments of the war before dawn on Tuesday at targets across Russia, including dozens of strikes directed at the Moscow region, as both sides stepped up attacks ahead of talks intended to end three years of fighting. The Russian Ministry of Defence claimed to have shot down 337 drones, with at least 91 sent toward the capital and the region around it.
  • CHINA (BBG) – Doubts over US exceptionalism are giving China a much-needed break from strongly defending its currency, as the yuan’s strength allows it to dial back support via its daily reference rate. The gap between the PBoC’s daily reference rate and the dollar narrowed to 675 pips on Monday, the least since early December.
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  • US / UKRAINE (WSJ) – The Trump administration might restart intelligence and military support to Kyiv if high-level talks between US and Ukrainian officials on a potential peace process make headway on Tuesday, Secretary of State Marco Rubio said.
  • UKRAINE / RUSSIA (NYT) – Ukraine unleashed one of its largest long-range drone bombardments of the war before dawn on Tuesday at targets across Russia, including dozens of strikes directed at the Moscow region, as both sides stepped up attacks ahead of talks intended to end three years of fighting. The Russian Ministry of Defence claimed to have shot down 337 drones, with at least 91 sent toward the capital and the region around it.
  • CHINA (BBG) – Doubts over US exceptionalism are giving China a much-needed break from strongly defending its currency, as the yuan’s strength allows it to dial back support via its daily reference rate. The gap between the PBoC’s daily reference rate and the dollar narrowed to 675 pips on Monday, the least since early December.