Australian shares are set for a muted open after US stocks stumbled. Twitter sues Musk. ANZ in discussions with KKR about MYOB acquisition. Follow updates here.
Surging oil prices have also weighed heavy on the rupee with a surprise rate hike by the Reserve Bank of India last week doing little to stem capital outflows
LONDON MARKET PRE-OPEN: Shaftesbury in merger talks; Energean hits gas lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Crude oil futures fell for the third week out of the last four, as investors worried that weaker global growth, higher interest rates and COVID-19 lockdowns in China will hurt.
Energy (XLE) comfortably leads the S&P sector standings Monday as crude oil prices touched their highest levels so far this month as Libya's biggest oilfield was shut by protests.