- Global equity markets struggled to find direction as traders analysed central bankers' most recent statements in search of indicators about the future direction of interest rates.
- Among the businesses that will report in the coming days are Apple and Amazon. Following a rise on Friday that lifted the Nasdaq 100 by nearly 2% amid hope that the world's largest economy is close to a gentle landing, European markets and US equity futures were stable.
- ECB's President Lagarde told Le Figaro that the ECB might raise rates again even if it decides to pause at its next meeting. Notwithstanding the prospect of job losses and weaker growth, US Federal Reserve Bank of Minneapolis President Neel Kashkari characterised the inflation forecast as "very favourable." German and US Treasury bond yields increased.
- The Bank of Japan announced an unexpected bond-purchase operations to buy debt, the yen fell versus the dollar. After announcing on Friday that it would permit rates to increase above a 0.5% threshold, the BoJ sought to restrain a selloff.
- Russia sets record pace for oil drilling despite OPEC+ cuts.
