Asian equities were poised for a cautious open while the dollar traded in narrow ranges versus its major peers early Monday as investors weighed the Federal Reserve’s higher-for-longer stance.
The British Business Bank swung to a loss of £135 million ($165 million) in the year through March, as the UK’s state development bank was stung by the broader downturn in startup valuations.
President Emmanuel Macron said French troops will leave Niger by year’s end, bowing to the demands of a junta in the former colony after a coup that upended France’s strategy in Africa.
Rishi Sunak faced growing anger from business leaders, politicians across the spectrum and even a major donor as he weighed whether to shorten a flagship rail project that may cost the UK £100 billion ($123 billion).
Oil’s move higher is making waves around the world as supplies buckle amid a growing appetite for crude and petroleum products, threatening to complicate the task of central bankers in their efforts to tame inflation. Meanwhile, the International Energy Agency hosts three events this week in Paris focused on the energy transition, including one on critical minerals Thursday.
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