- Asian stocks fell after Apple announced intentions to restrict hiring, raising fears that aggressive monetary tightening to combat inflation may lead to an economic slump.
- An Asian equities index was barely altered, with China trembling under rising Covid infections and deepening turbulence in its property sector. After returning from a holiday, Japan recorded small gains.
- After returning from a holiday, there were only minor gains. US futures rose in response to another reversal in the S&P 500 on Monday. The index lost a 1% gain and finished down as a result of Apple's intention to reduce some hiring and spending.
- The 10-yr yield was below 3% as treasuries held firm and the dollar index remained close to a record high. The bond market reflects expectations for a brief, steep increase in federal reserve interest rates, which will be followed by reductions the following year to support growth.
- According to Iraq's Energy Minister, crude dropped but managed to hold above $100 a barrel and will probably stay there for the rest of the year. Ether led the cryptocurrency rally that sent Bitcoin beyond $22,000.
