Polish shares fell the most in June as leaked recordings of a conversation between the central bank chief and a minister sparked a political crisis. The zloty pared losses as Prime Minister Donald Tusk defended the policy maker.
Israel’s quickening economic growth is bringing no relief to the nation’s banks, whose profits are being hit by record-low lending rates and an appreciating shekel that’s whacking their exporter clients.
Karnit Flug will probably wait before lowering Israel’s benchmark interest rate again to weaken the shekel, leaving borrowing costs unchanged today in her first meeting as central bank chief, a survey of economist showed.
Ukrainian bonds fell, pushing yields to a six-week high, as an offensive against pro-Russia separatists in the country’s east eclipsed investor optimism over the approval of an International Monetary Fund bailout.