- Stock futures and Treasuries in the United States fell as traders reduced their bets on interest-rate reduction and speculated that the recent rise was excessive.
- Futures on the tech-heavy Nasdaq index fell 1% after Apple shares plummeted in US premarket trade following a downgrade by Barclays. Yields on 10-year US bonds and German bunds rose more than five basis points as money markets bet on the Federal Reserve easing by less than 150 BPS in 2024.
- Brent crude rose more than 2% after Iran despatched a warship in reaction to the US Navy's sinking of three Houthi boats over the weekend, and traders say there are signs of market tiredness following the S&P 500's more than $8 trln increase last year.
- Bitcoin topped $45k for the first time in nearly two years as investors awaited the approval of an exchange-traded fund that would invest directly in the largest token.
