- US market futures followed the lead of a positive day in Europe and Asia, even as investors awaited inflation data and corporate earnings that could reinforce concerns about the banking system's health.
- After a late comeback in post-holiday trading on Wall Street, contracts on the S&P 500 and NASDAQ 100 showed moderate gains.
- Cracks are forming in 2023's equity advance, as hedge funds and other speculators amass the largest short position since November 2011, when the US sovereign credit rating was downgraded. Inflation data will be released on Wednesday, and banks will begin what is expected to be the worst earnings season since the pandemic's depths on Friday.
- The dollar fell after three days of gains, Treasury yields fell, and Bitcoin surpassed $30,000 for the first time since June. In Europe, the regional benchmark rose 0.6%, spurred by a rebound in cyclical industries such as miners and automakers.
- Credit Suisse bond losses prompt Japan lawyers to look into brokers.
- More companies are citing risks from government policy, US Chamber of Commerce study finds - WSJ.
