A breathless line-up of central bank decisions from the United States to Japan, Britain to Switzerland and Brazil to South Africa will keep markets spellbound in the days to come.
On Friday, Kwarteng is expected to deliver his first fiscal statement to deliver new Prime Minister Liz Truss' pledge to reverse April's increase in social security contributions and a planned corporation tax rise. Tax cuts could stoke price rises.Opposing directions of monetary and fiscal policy underscore the challenges for Britain, which has the highest inflation rate among the world's big rich countries and faces a recession.
Russian forces suffered a stunning reversal with Ukraine's special forces in the northeastern region of Kharkiv forcing them into a sometimes rushed and chaotic withdrawal. The events have sparked rare expressions of dissent against President Vladimir Putin from elected representatives in Russia.
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