- Stocks and US equity futures fell, weighed down by a bleaker economic outlook, which is also dampening expectations for peak interest rates and bolstering sovereign bonds.
- An Asian equity index fell as Japanese and Chinese technology shares fell. The S&P 500, Nasdaq 100, and European contracts were all down.
- Australian debt surged in the wake of a treasury rally on Friday. The 10-year yield in the United States was around 2.77%, reversing a portion of last week's decline.
- Investors are betting that a slowing economy, if not a recession, will moderate high inflation and soften the current cycle of monetary tightening that has roiled global markets in 2022.
- The dollar index rose slightly, oil fell to around $94 per barrel, and bitcoin fell toward $22,000, indicating a cautious mood.
