FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
German Industry Employment Falls to Lowest Level in a Decade 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Italy's banking sector is saddled with 356 billion euros of bad loans, around a third of the euro zone's total. Monte dei Paschi di Siena the country's third-largest lender is pushing ahead with a private rescue plan that is widely expected to fail.
According to the private rescue plan advised by investment banks JPMorgan and Mediobanca, Monte dei Paschi di Siena plans to raise equity to remove 28 billion euros in bad loans from its books. The bank has until December 31 to raise €5 billion in equity or face being wound down by the European Central Bank, potentially triggering a wider banking and political crisis in Italy.
La Repubblica newspaper on Thursday reported as sources close to the matter saying that the government will pump €15 billion into the Siena-based lender and several other smaller banks to prevent such a crisis. Unlisted regional banks Banca Popolare di Vicenza and Veneto Banca, which were rescued this year by a state-backed fund, may also get support from the state, sources said.
