Live news: Credit Suisse conference in Hong Kong expected to go ahead despite takeover
Markets: European investors will be on the lookout for disruptions caused by UBS’s government takeover of Credit Suisse. Asian shares fell on Monday, with major banks such as HSBC hit hard after the deal wiped out Credit Suisse’s $17 billion in additional debt, casting doubt on the hierarchy of claims in the event of a bank failure. In addition, quarterly changes to local stock indices, including the UK’s FTSE 100, Germany’s DAX and France’s CAC, take effect.
Russia: Chinese President Xi Jinping meets his Russian counterpart Vladimir Putin during a three-day state visit to Moscow.
EU: The bloc̵[ads1]7;s foreign affairs council meets in Brussels to discuss support for Ukraine and views on Tunisia.
Data: Eurostat publishes the eurozone trade balance for January. Germany’s Federal Statistics Office publishes its producer price index in February, a measure of inflation. The British property group Rightmove publishes its domestic house price index.
Labor in the UK: More than 70,000 university employees are concerned about pay, pensions and working conditions. Public employees at the Maritime and Coastguard Agency, Ofsted and Driver and Vehicle Standardization will also strike.
