Global Headlines

Grain futures in Chicago jumped on Monday after the White House outlined an additional commitment by China to buy US farm goods, stoking hopes that crop exports beyond soybeans could pick up.

A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoke inflation fears and push yields to multi-decade highs.

The Indonesian rupiah fell to a new all-time low, stocks slid and bond yields surged as oil prices advanced and as local markets reopened after a two-day holiday.

Plunging crude imports forced Chinese oil processors to sharply reduce output last month, with runs in the state-owned sector dropping to multiyear lows.

A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy.