This morning, Russia’s grace period to service its foreign debt on two Eurobonds officially ended. With economic turmoil in the world’s largest country continuing, some may be asking themselves how this landmark default could ripple across the rest of the globe.
In the coming days, the top three U.S. airlines are expected to release their Q1 2022 earnings figures. Although travel has come a long way toward recovery in the past year, high jet fuel prices may still prove an obstacle to full profitability.
Traders on global Oil markets pushed black gold’s price down on Thursday morning. Continuing peace talks as well as a lockdown in Shanghai and a potential release of U.S. strategic reserves could have contributed to this downtrend.