- Asian shares extended the worldwide advance in risk assets amid predictions that Tuesday's consumer pricing data in the US will back bets that inflation is nearing a high.
- Japan, Australia, and Hong Kong all saw increases in stock prices. The S&P 500 completed its highest four-day gain since June on Monday, following strong pre-order statistics for Apple's iPhone 14 Pro Max. Treasury yields fell somewhat after the yield curve steepened during the US session.
- The headline CPI is predicted to fall to 8% YoY in August, but the core measure, which includes food and energy, is expected to rise. Following two 75 bps increases, traders almost completely expect another jumbo-sized boost next week, taking their cue from policymakers who endorse that view.