Stocks and bonds dropped as investors faced a trio of headwinds with a pullback in the artificial-intelligence trade, mounting bets on a US interest rate hike and rising oil prices due to a worsening of the Middle East conflict.
Israel and Iran exchanged missile strikes on Monday despite President Donald Trump’s calls for both sides to halt the fighting and give peace talks a chance to succeed.
And Intesa Sanpaolo offered to buy Monte dei Paschi for €30.6 billion ($35.3 billion) in a move that’s set to spur a new phase of dealmaking in Italian finance.
Today’s guest: Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager (Source: Bloomberg)
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