Commerzbank AG is stepping up its strategic planning in anticipation of a possible takeover bid from competitor UniCredit SpA. This move signals the bank's proactive approach to navigating potential changes in ownership. The financial sector is closely monitoring the situation as both banks explore their next steps.
French Finance Minister Antoine Armand announced that the government will introduce a budget this week that aligns with European Union rules. This move aims to reassure both EU partners and financial markets amid concerns over France's increasing deficit.
The president of the Maldives, who won office last year advocating for reducing Indian influence and strengthening ties with China, is now in New Delhi. Faced with a looming debt crisis and upcoming repayments on Chinese loans, he is trying to repair relations with India.
Tokyo Metro Co. announced on Monday a provisional price range for its upcoming initial public offering, which is set to be Japan's largest in six years.
Iron ore prices surged again, building on two significant weekly gains. This comes as speculation mounts that China's top economic planner will announce new stimulus measures on Tuesday. Meanwhile, other industrial metals remained mostly steady.
Hedge funds recently shifted to a bullish stance on the yen, anticipating positive outcomes. However, just as Japan's new prime minister made dovish comments, a strong US jobs report emerged. This combination triggered a sharp decline, marking the yen's worst week since late 2009.
European equities have wiped out earlier gains, while US equity futures have fallen as rising tensions in the Middle East dampen optimism about the US economy. This comes after Friday's robust jobs data, which initially fueled market hopes.
Oil prices recovered after dipping earlier, as the market awaited Israel's possible response to a missile attack from Tehran last week. President Joe Biden has urged against striking Iran's oil fields.
Rio Tinto Group has approached Arcadium Lithium Plc for a potential takeover, as both companies confirmed on Monday. This move highlights a renewed focus on growth within the mining sector, as major companies seek to boost their presence in energy-transition metals.
South Korea has successfully met all the criteria to get its bonds added to a key FTSE Russell index. Meanwhile, India has avoided significant public reforms but remains popular with global investors. This popularity could give India an advantage in joining a related benchmark.
