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Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, while stocks lacked direction as investors waited for more clarity around the situation.

The dollar held near a one-week high against its major peers on Monday as traders weighed the impact of protracted monetary tightening cycles on the global growth outlook and as worries over a deep downturn in major economies lingered.

Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, though other financial markets started steadily with investors unsure of any further immediate implications.

Whatever happens after Vladimir Putin’s humiliation at the hand of his former protégé Yevgeny Prigozhin, the rest of the world sees the Russian president as wounded. That perception may matter more than the power games now unfolding in Moscow. The United States, Europe and China will need to dust off their post-Putin plans. The best approach would be to expect the worst, while preparing for the best.

A look at the day ahead in European and global markets from Tom Westbrook

The failed mutiny raised concerns among investors about political instability in Russia and the potential impact on oil supply from one of the world's largest producers.

The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

The union." the 2024 respect rep presidential field continues to grow as does donald trumps lead. a new poll just out this morning shows trump with 51% support. its consolidating his lead over his rivals even after his second indictment. my next guest is a self-made billionaire and one of the newest gop candidates. here with me now is north dakota governor doug burgum. thank you for joining me this morning. i want to start, sir, with news out of russia and that, of course, is yevgeny prigozhin w...

Investors may be inclined to shelter in place given the broader 'risk off' sentiment in markets on Friday.