Asian stocks were poised to climb Monday after a gauge of global equities extended its one-year high and the S&P 500 rose to the cusp of a bull market. Oil rallied on a supply cut from Saudi Arabia.
Oil advanced at the week’s open after Saudi Arabia said it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years following a slide in prices.
For all the gloom around the impact of Brexit on the City of London, the latest survey of Europe’s top destinations for foreign direct investment in financial services is a reminder of the UK’s continuing heft in the sector.
The Reserve Bank of India may face growing pressure to defend a key level for the rupee as its interest-rate pause looks set to weigh on the currency.
President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance after months of disruption.
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