Morning Bid: Consumer inflation, crypto deflation

faces collapse now that rival Binance has walked away from a last-minute bailout. Bitcoin , which has seen more than a quarter of its value disappear since Saturday, fell below $16,000 for the first time in two years before stabilising just above that level early on Thursday.

Given the extent to which Russia's invasion of Ukraine this year transformed the energy, inflation and economic fortunes of the world for the worst, investors were watching battlefield developments and reports of 'talks about talks' very closely.from near the strategic southern Ukrainian city of Kherson in one of its biggest setbacks of the war so far - even though Ukraine said it was doubtful Russian troops would leave without a fight.

will not be at the summit in person, but host Indonesia said on Thursday he may join a session virtually.also laid out markers this week ahead of an expected meeting between their presidents at the summit.

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