Wall Street was poised to open with losses again on Wednesday, one day after markets kicked off the new year giving back some of last year's big gains.

The European Union imposed sanctions on the world's biggest diamond mining company and its chief executive officer on Wednesday as part of what it called its "unwavering commitment" to Ukraine in the war against Russia.

The move targeted Alrosa, which accounts for about 90% of Russia's diamond production, and CEO Pavel Marinychev. The EU headquarters said the company "constitutes an important part of an economic sector that is providing substantial revenue" to Moscow.

Thousands of doctors walked off the job in Britain on Wednesday, the start of a six-day strike over pay that was set to be the longest in the history of the state-funded National Health Service.

Managers said tens of thousands scheduled appointments and operations will be canceled during the walkout across England and Wales by junior doctors, those in the first years of their careers. The doctors, who form the backbone of hospital and clinic care, plan to stay off the job until 7 a.m. on Tuesday.

Yemen's Houthi rebels claimed responsibility for the latest attack Wednesday on a merchant ship in the Red Sea, as the vessel's operator sharply raised prices between Asia and Europe.

The Iran-backed rebels, who have launched more than 20 attacks on merchant ships in recent weeks, said they attacked the Malta-flagged freighter believing it was headed for occupied Palestinian territory. The ship was not hit.

A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish.

The official purchasing managers index, or PMI, fell to 49 last month in what officials said was evidence of weak demand, the National Bureau of Statistics reported on Sunday. It was the third straight month of contraction. The PMI is on a scale up to 100 where 50 marks the cutoff between expansion and contraction.

Brazilian President Luiz Inácio Lula da Silva likes to boast he had a good first year after returning to the job. The economy is improving, Congress passed a long-overdue tax reform bill, rioters who wanted to oust him are now in jail, and his predecessor and foe Jair Bolsonaro is barred from running for office until 2030.

Still, the 78-year-old leader has struggled to boost his support among citizens and lawmakers. Some major setbacks, including a series of votes by Congress to override his vetoes, signaled that Lula's future could be less productive in a Brazil almost evenly split between his supporters and Bolsonaro's.

European benchmarks were higher Tuesday after Asian markets mostly fell on the first trading day of 2024.

U.S. President Joe Biden has announced that he is extending a suspension of Trump-era steel and aluminum tariffs against the European Union (EU) for two years as negotiations continue.

With a name that doesn't ring old-school French like Jean, Pierre or Jacques, and a home address in a tough suburb of Paris where riots flared, Salah Benkadmir is discovering how hard it can be to make prospective employers in France see beyond their prejudices.

Despite having a high school diploma in sales and work experience as a vendor on his resume, the 19-year-old job seeker says that when he sends it to stores making hires, often no one calls him back.

European shares opened higher on Friday after a mixed session in Asia on the last trading day of the year for most markets.

Germany's DAX rose 0.3% to 16,745.67 and the CAC 40 in Paris climbed 0.4% to 7,566.11. Britain's FTSE 100 edged 0.2% higher to 7,736.52.