French inflation accelerates to highest in over two years, backing ECB rate hike.

Novo Nordisk stock swings hit Danish economy as US Wegovy price cuts slash exports

Novo Nordisk's stock fluctuations have an outsized impact on the Danish economy as US price cuts for its weight-loss drug Wegovy reduce the country's exports.

Bank of England may tolerate above-target inflation to support UK economy, Bailey says

Bank of England Governor Andrew Bailey said the central bank could tolerate inflation temporarily above its 2% target to support the weak UK economy.

Turkey slashes US Treasury holdings by 89% to $1.7 billion, joining global sell-off of $138.4 billion in March, Treasury International Capital data shows.

Turkey cut its US Treasury bond holdings by 89% to $1.7 billion in one month, joining a global sell-off of $138.4 billion in March, per Treasury International Capital data.

US, Iran reportedly nearing deal to open Strait of Hormuz, pushing oil toward first weekly fall in two months. Analyst warns traders may be getting ahead of themselves, as supply restoration could take 3-4 months.

The US and Iran are reportedly nearing a deal to open the Strait of Hormuz, pushing oil markets toward their first weekly fall in two months. Kpler analyst Muyu Xu cautions traders may be getting ahead of themselves, as restoring supply could take three to four months.