A bounce in stocks paused and US equity futures wavered Monday, hampered by expectations of aggressive Federal Reserve interest-rate hikes to tackle the highest inflation in a generation.
Already suffering from the war in nearby Ukraine, eastern Europe’s main currencies are about to take another blow from a looming euro-area recession.
SoftBank Group Corp. reported a record 3.16 trillion yen ($23.4 billion) net loss as a selloff in global tech stocks continued to hammer its Vision Fund’s portfolio of investments.
Oil shook off an early slump at the week’s open to push higher as investors weighed up prospects for demand ahead of a barrage of intelligence from leading energy players on the market outlook.
Shipping in the Taiwan Strait showed signs of returning to normal on Monday, though China’s announcement of a new military exercise near the island may spark renewed caution among vessel owners.
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