Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom

US Approves "Homing All The Way Killer" Missile Support Sale To Ukraine The US State Department has officially cleared a $108.1 million hardware and sustainment package to keep Ukraine's frontline air defenses online, after there's not been much in the way of big dollar headlines concerning Washington's longtime military support to Kiev of late. The cash injection targets the maintenance and optimization of the US-designed HAWK system - which is short for the "Homing All the Way Killer" surface-to-air missile system. Bild/Getty Images Depending on the exact missile variant deployed, the platform handles tactical...

Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows. In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.  According to the...

European economists regard Spain’s former central bank governor Pablo Hernández de Cos and his Dutch counterpart Klaas Knot as top picks to become the next ECB president.