Wall Street pointed higher early Monday as markets gear up for another busy week of earnings and two inflation reports from the U.S. government, all while monitoring the regional banking crisis.

Futures for the Dow Jones Industrial Average and futures for the S&P 500 each rose about 0.2% before the bell.

Lebanon was ranked the worst country in the food price inflation Top 10 list, the World Bank said in a report last month.

Domestic food price inflation remains high in almost all low- and middle-income countries, the report said.

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European investigators have grilled Lebanon's finance minister as part of a probe into the wealth of the country's central bank chief, his former boss, a judicial official told AFP.

America's employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.

The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. But the jobless rate fell in part because 43,000 people left the labor force, the first drop since November, and were no longer counted as unemployed.

A European judicial team on Friday questioned Lebanon’s caretaker Finance Minister Youssef Khalil in a case against Central Bank Governor Riad Salameh.

Khalil was questioned about his work as a close associate of Salameh while working at the Central Bank, before he became a Cabinet minister, officials said. They spoke on condition of anonymity because of the ongoing probe.

The number of Americans applying for unemployment benefits jumped last week but remain low overall, even as the Federal Reserve has furiously raised interest rates to beat down inflation and cool the labor market.

Anxiety over the potential for a rush of withdrawals by customers of regional banks continues to roil the U.S. financial sector with PacWest Bancorp attempting to calm investors overnight as its shares plunging more than 39%.

The European Central Bank faces a close call Thursday between slowing its rapid pace of interest rate increases — much like the U.S. Federal Reserve — or pressing ahead with another jumbo hike to try to squelch inflation that has sent costs spiraling in grocery store aisles.

After six straight increases of either half- or three-quarters of a point, ECB President Christine Lagarde and the rest of the governing council could downshift to a more typical quarter-point increase, analysts say.

Global energy giant Shell said Thursday that it earned nearly $10 billion in the first quarter, becoming the latest fossil fuel company to post strong financial results despite sliding oil and natural gas prices.

London-based Shell Plc reported adjusted earnings of $9.6 billion in the first three months of 2023, up 5.7% from a year ago.