The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany. File photo: REUTERS
More sanctions would ratchet up the already vast economic pressure on Russia following the conflict in Ukraine. Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 1% while markets in mainland China were closed for a holiday. Oil rose above $105 a barrel on Monday as concern about tight supply arising from the war in Ukraine and the lack of an Iranian nuclear deal persisted despite countries releasing oil from strategic reserves.
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