Stock markets largely steadied Monday with sentiment dominated by the outlook for interest rate rises as inflation soars.

Wall Street appears headed for a modestly higher open to start the week as investors await more corporate earnings reports.

Futures for the S&P 500 ticked up 0.1% Monday while the contract for the Dow Jones Industrial futures was flat.

A Swiss criminal court was opening a trial Monday on charges that Credit Suisse failed to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organization, which employed a wrestler who once hauled millions in currency by car to Switzerland.

The case against the bank in federal criminal court, in the southern city of Bellinzona, centers on charges that it "did not take all necessary measures to halt the infraction of money laundering" by one of its employees, according to a summary from the court announcing the start to the proceedings.

The new minimum wage is expected to reach seven million Lebanese Pounds, according to head of the General Confederation of Lebanese Workers Beshara al-Asmar.

Asmar told al-Jadeed TV that the minimum wage is being discussed on an exchange rate of LBP 19,000 to 1 USD.

Cuba has announced a new 10 percent tax on retail food sales, as the country endures economic woes marked by rampant inflation.

Central Bank Governor Riad Salameh has said that his conscience is clear despite the flurry of accusations against him.

Prime Minister Najib Miqati held talks Friday at the Baabda Palace with President Michel Aoun.

Shares in Europe and Asia were mostly higher Friday after a historic plunge in the stock price of Facebook's parent company yanked other tech stocks lower on Wall Street.

Shares rose in Paris, London and Tokyo. Hong Kong jumped 3.3% after reopening from Lunar New Year holidays. Trading in Shanghai will resume on Monday.

IMF Managing Director Kristalina Georgieva has said the fund would only support a "comprehensive program" for Lebanon that would tackle all the country's ills, including corruption.

Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills.

The Office of Gas and Electricity Markets, known as Ofgem, said the new price cap — the maximum amount that gas suppliers can charge customers — will rise by 693 pounds ($940) per year in most parts of the U.K. starting in April. That will cause the annual bill for the average customer to go up to 1,971 pounds ($2,670).