Oil executives have expressed a strong appetite for investing in the Middle East despite the ongoing conflict, as Western energy groups look to access the region's vast reserves even amid chaos and heightened risks linked to the war with Iran.
The conflict has also taken a toll on Britain's public finances, blowing a near-£12bn hole in the country's budget. The fiscal impact adds to the wider economic uncertainty created by the fighting.
In financial markets, big investors are "bottom fishing" among beaten-down assets, including Italian bonds and corporate debt. Their moves in Eurozone bond markets follow a sell-off in France, as investors look for bargains in areas that have been hit hard.
Elsewhere, China is building AI data centres at rapid speed across the energy-rich hinterland of Inner Mongolia. Meanwhile, a measure of credit risk at Elon Musk's Space X rose to a record high, driven by worries over its borrowing spree.
Source: Financial Times Markets · Summarized by HeadlinesBriefing