From Russian stocks rising from the ashes to the end of globalisation and tips for your next bank application. Let's get to it!
RUSSIAN STOCKS ARE BACK
The MOEX Russia index spiked at the open today as trade recommenced for the first time in 4-weeks. Oil giants Rosneft (MCX:ROSN) & Lukoil (MCX:LKOH) jumped 20% and 16%, respectively, while aluminium company Rusal (MCX:RUAL) climbed more than 14% (More).
GLOBALISATION IS OVER
Larry Fink, the CEO and Chairman of the world's largest asset manager BlackRock (NYSE:BLK) (+$10trl AUM), said Russia's invasion of Ukraine is reversing the long-running trend of globalisation. It comes after the firm has suspended the purchase of any Russian securities in its active or index portfolios.