Bloomberg The yen dropped to a three-year low against the dollar, with analysts forecasting more weakness ahead as the nation’s yield differentials widen. The currency slipped as much as 0.5% to 112.75 per dollar on Monday, the weakest since December 2018, with Sumitomo Mitsui Banking Corp and Credit Agricole CIB predicting the yen could drop all the way to 115, …

Bloomberg US futures dipped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. West Texas Intermediate crude rises past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel and property firms. …

Bloomberg Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favourite investment destination. Russia’s ruble has gained more than any other emerging-market currency this month, bolstered by the prospect of higher oil revenues, while the nation’s stocks outperformed as a broad gauge of developing equities sank. It marks an abrupt change of pace for …