British government bond prices recovered partially on Tuesday from the historic plunges of previous days when investors unloaded sterling assets at a ferocious pace in response to new finance minister Kwasi Kwarteng's borrowing plans.
Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Shell said on Tuesday.
Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.
Europe's STOXX 600 index rose on Tuesday, led by automakers and travel stocks following a three-day selloff triggered by global recession fears, while Italian payments group Nexi topped the benchmark index on a strong business outlook.
Christeen Aiad from eastern Cairo had been hoping to buy a small automatic car this year, but rules preventing importers trading in scarce dollars put paid to that and she is having to get around on her bicycle instead.
Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the world's major central banks keep pursuing higher rates.
The Bank of Japan said it would purchase Japanese government bonds in a special operation on Tuesday, with the benchmark 10-year yield brushing against the 0.25% policy ceiling as the central bank battles a relentless upward surge in global rates.
Trading in tumultuous foreign exchange markets is akin to being in a casino right now, according to some traders navigating markets that have been whipsawed as central banks and governments try to right their economies.
Asian markets attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat.
The worst may have yet to come as new and existing home sales are plunging, and homeowners see no reason to refinance loans at higher mortgage rates.
Sterling's slide to record lows leaves it staring at parity with the dollar.
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.
Some investors are growing concerned the dollar's meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S.
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark's Orsted and Norway's Equinor.
Global oil stocks are set to rise next year amid weakening demand and a stronger U.S.
The pound plunged to a record low against the dollar early on Monday and British bonds were slammed on concerns over the government's fiscal plan, unleashing calls for the Bank of England to deliver an immediate rate hike to restore investor confidence.
The Pakistani rupee opened slightly stronger on Monday as market participants awaited the announcement of a new finance minister, at a time when the country grapples with economic turmoil worsened by devastating floods.
The fight against inflation is the biggest priority, France's finance minister said on Monday as he delivered a 2023 budget subject to what he called unprecedented uncertainty due to the fallout from Russia's war against Ukraine.
Euro zone government bond yields jumped to new multi-year highs amid expectations that central banks will keep tightening their monetary policy and a fresh sell-off in Britain gilts.
Italian shares jumped nearly 1% on Monday, outperforming their regional peers as Telecom Italia and financial stocks advanced after the right-wing coalition led by Georgia Meloni looked set to win the country's general election.
Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday.
China's central bank on Monday announced fresh steps to slow the pace of the yuan's recent depreciation by making it more expensive to bet against the currency, as global policymakers grappled with the economic effects of a broad dollar rally.
Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the exits after the new government's fiscal plan threatened to stretch Britain's finances to their limits.
The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even as many of its peers opt for larger increases to fight high inflation, a Reuters poll showed on Monday.
Sterling tumbled to a record low on Monday as traders scampered for the exits on speculation the new government's economic plan will stretch its finances to the limit.
Japan likely won't intervene in the currency market to defend a line-in-the-sand such as 145 yen versus the dollar, and instead limit any further action to smoothing operations aimed at taming volatility, former top currency diplomat Naoyuki Shinohara said.
Hedge funds went into the Fed's Sept. 20-21 policy meeting betting on a sign that a dovish pivot is looming onto the horizon.
Asian stocks were set to start the final week of the quarter on the slide on Monday, while the dollar stood ascendant, as the prospect of high interest rates and poor growth shakes markets.
Britain's Labour Party will unveil on Monday its plans to set up a national wealth fund to invest in green projects which will benefit the public, part of the opposition party's answer to the Conservative government's tax-cutting approach.
