BLOOMBERG It’s too early go long euro-area stocks versus US peers again, according to JPMorgan Chase & Co strategists. “We believe there is another leg of underperformance ahead,” strategists led by Mislav Matejka wrote in a note on Monday, keeping an underweight view on euro-zone equities. The strategists expect further weakness ahead in the region, citing a worsening “growth-policy trade-off” ...

BLOOMBERG  President Xi Jinping has resisted crossing Washington’s red lines over arming Russia’s war machine in Ukraine. But that hasn’t stopped China edging closer to Moscow’s military in another way: direct engagement. China and the armed forces of Vladimir Putin conducted six joint military exercises together last year, the most in data going back two decades. That accounted for two-thirds ...

BLOOMBERG  At least 35 people have died and 10 are missing in flooding and landslides across storm-battered South Korea, with heavy rainfall forecast to continue, Yonhap News Agency reported, citing the Central Disaster and Safety Countermeasures Headquarters. Eight bodies were recovered from a tunnel in the central city of Osong, North Chungcheong Province, where about 15 vehicles, including a bus, ...