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Good morning. Awaiting Putin’s speech, pressure on HSBC, a historic win in Northern Ireland’s election, and Germany’s chancellor under fire. Here’s what’s moving markets.
President Vladimir Putin on Monday may reveal the next steps for Russia’s war in Ukraine. He’s due to speak at the nation’s May 9 Victory Day parade marking the anniversary of Nazi Germany’s surrender in 1945. The date has become a touchstone of the Kremlin’s campaign to whip up public support for the invasion. Ahead of the speech, the Group of Seven most-industrialized countries pledged to ban imports of Russian crude. A similar plan by the European Union is being held up by Hungary, with the bloc expected to resume talks in coming days.