Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.
Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.
The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.
Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.
US Deputy Attorney General, Rod Rosenstein, tendered his resignation to the White House on Monday, in the belief that President Donald Trump was set to dismiss him.
Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.
US stocks were edging slightly lower on Monday as trade tensions resurfaced after China called off planned trade talks with Washington over the weekend and as fresh tariffs on Chinese imports kick in.
Brent crude oil gained 2% to $80. 75 on Monday morning, its highest price in four years after Opec's weekend meeting and amid heightened tensions between the US and Iran.
US stocks looked set to edge lower on Monday as trade tensions resurfaced after China called off planned trade talks with Washington over the weekend and as fresh tariffs on Chinese imports kick in.
Theresa May will face pressure on Monday as Brexiters will urge the Prime Minister and her cabinet to ditch the Brexit Chequers plan after her meeting with EU leaders in Salzburg last week.
Versace is on the cusp of agreeing a deal to be ought by US fashion giant Michael Kors in a deal that values the Italian fashion house at $2bn, according to reports.
Markets in Asia finished lower amid rather quiet trading on Monday, as the latest round of tariffs in the ongoing trade war between the US and China came into effect.
China has refused to continue trade negotiations with the US until President Donald Trump stops threatening further tariffs.
Business confidence in Germany deteriorated less than expected in September, according to a survey released by the Ifo Institute on Monday.
French supermarket group Carrefour has denied making an approach to Casino after its rival said it had been contacted about a possible combination.
Wall Street finished on a mixed note on Friday, weighed down by weakness in the technology space, although the Dow Industrials did manage to eke out a fresh record high.
Stocks on the Continent finished higher going into the weekend, tracking fresh gains on Wall Street, where some of the main stockmarket gauges had notched-up fresh all-time highs just the day before.
China has demanded that the US remove sanctions placed on a defence agency and its director for purchasing Russian weapons.
Friday trading on Wall Street kicked-off with some small gains following a record session the day before in which both the Dow and the S&P rose to fresh highs on the back of a strong showing from the technology sector.
Tesla has lost another executive as the vice president of global supply management Liam O’Connor resigned on Friday, Bloomberg reported.