Why money markets matterShort‑term funding, interest rates, and market stability.Read more 👇https://t.co/D4yKmbiRnc ...

The OPEC+ group will decide this weekend on production levels for December, in the first meeting since the United States slapped sanctions on the two biggest oil firms in Russia, a key member of the OPEC+ alliance and its second-largest producer after Saudi Arabia. The producer group led by the Kingdom and Russia has been managing supply to the market for nearly a decade, mostly by restricting oil output to ensure “market stability” in OPEC+ lingo; in other words, to support oil prices or at least put a f ...

Government Support - US Treasury Secretary expresses strong support for the government of Argentina and its financial markets [1] - The international community, including the IMF, is unified behind Argentina [2] - US Treasury has directly purchased Argentine pesos [2] - A 20 billion currency swap framework with Argentina's central bank has been finalized [2] - US Treasury is prepared to take exceptional measures to provide stability to markets [3] Market Concerns - Argentina faces a moment of acute illiquidity [1] - The exact amount of Argentine pesos purchased by the US government is not specified [3] - The 20 billion currency swap is a finalized framework, not an executed swap [4] - The Treasury is prepared to take measures, but it's not confirmed they are currently taking them [5] - Potential concerns exist regarding Argentina's business engagement with China [5]