A look at the day ahead in European and global markets from Kevin Buckland.
U.S. Treasury Secretary Janet Yellen is highlighting three core priorities at the start of the G7 finance ministers' three-day meeting in Niigata, Japan today: reining in global inflation, bolstering long-term economic resilience, and redoubling a commitment to Ukraine.
With time very tight, President Joe Biden has signalled the chance of cancelling his trip to the Japanese city of Hiroshima for the following weekend's G7 summit if the issue is not resolved. It adds to worries about flaccid domestic demand, which had already been exacerbated by a shock decline in imports in data earlier in the week, dashing hopes that China's COVID-19 reopening could invigorate global growth.
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