BLOOMBERG Wheat fluctuated as Russia and Ukraine gave conflicting signals on whether a key grain-export deal had been extended. Wheat futures traded in Chicago fell 0.8%, after earlier gaining as much as 0.6%. Traders are watching to see whether the Black Sea Grain Initiative, which allows Ukraine to export crops from three ports, will be renewed when it expires. A …

BLOOMBERG The UK labour market showed some signs of cooling as wage growth slowed for the first time in more than a year. Average earnings growth excluding bonuses fell to 6.5% from a year earlier, the Office for National Statistics (ONS) said. That’s down from a record outside the pandemic of 6.7% in the previous three-month period. Job vacancies fell …

BLOOMBERG A selloff in the global financial stocks has paused on Tuesday after a two-day, $465 billion wipeout. A gauge of European bank shares fluctuated between gains and losses and US lenders rebounded in premarket trading, led by a 22% surge in First Republic Bank. Losses widened in Asia, sending an MSCI index of regional financial stocks down 3%. Mitsubishi …