Stock Markets Today: OPEC+, Covid pivot, Credit Suisse, Germany defense spending – Bloomberg

Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
We take a look at China’s international projects and what they mean for the rest of the world. China is investing in and developing projects across the world – how are those moving forward and are they on course to deliver China’s goal of becoming the primary global power by 2049.
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Good morning. OPEC+ oil output, China’s Covid pivot is accelerating and Saudi crown prince is said to invest in Credit Suisse. Here’s what people are talking about. 
OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. The outcome of the brief online meeting on Sunday reflects the unpredictability of supply and demand in the coming months, and the wild gyrations in prices of the past week. The oil producers’ group has only just implemented the hefty 2 million barrel-a-day reduction agreed at its last gathering. Meanwhile, European Union sanctions on crude exports from Russia come into effect on Monday, and China is tentatively easing the Covid measures that have eroded its fuel consumption.

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