UK Chancellor Kwasi Kwarteng is reportedly set to bring his medium-term fiscal plan forward following yesterday’s U-turn on cutting the top rate of tax. Asian markets are in the green, extending the global rally. The Dow will look to build on its 760-point rally. Ukrainian forces continue to claw back more territory in the south and east of the country following Moscow’s annexation of four regions. In banking news, Credit Suisse’s credit default swaps reach new highs after the Swiss lender failed to calm market fears about its financial health.

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