- Stocks continued to rise, aided by the technology sector, as investors assessed whether inflation is nearing a peak and the likelihood of avoiding a recession amid monetary tightening.
- An Asian share index rose more than 1%, boosted by gains in Chinese technology firms as well as gains in Japan. US futures fell slightly after a more than 3% surge on Wall Street on Friday, capping off the best week for global stocks in a month.
- Treasury yields remained stable. Yields have fallen from their June highs as growth concerns have taken center stage, leaving the US 10-year rate at 3.13 percent. Another point of contention is whether this marks the end of the treasury bear market.
- The yen rose against the dollar, while a dollar index fell.
- Concerns about demand kept oil trading around $107 per barrel. Traders are also keeping an eye on a summit of seven world leaders, who plan to commit to indefinite support for Ukraine's defence against Russia's invasion. In addition, the G-7 is considering a price cap on Russian oil.
