- Following Friday's selloff, US stock futures fluctuated, and oil approached $95 per barrel, highlighting inflationary pressures just as policymakers prepare for interest-rate meetings.
- Equities fell sharply in Europe and Asia, mirroring the 1% drop in the S&P 500 at the end of last week. Société Générale fell up to 11% after cutting profit targets. Apple rose in premarket trading in the United States, with analysts optimistic about early signs of demand for the latest iPhone.
- Oil prices have risen 11% in three weeks, complicating the task of central bankers around the world in their fight against inflation. The Federal Reserve's announcement on Wednesday will be followed by those from the Bank of England on Thursday and the Bank of Japan the following day.
- US Treasury yields rose slightly, with the policy-sensitive two-year rate exceeding 5%.
- Bundesbank monthly report: We expect the German economy to shrink in Q3 on weak industry and muted private consumption.
- ECB's Kazimir: It's premature to place bets on first rate cuts.
- Kazakhstan raises its daily oil and gas condensate production by 10% on Sunday from Saturday to 250,400 tons - Energy Ministry Data.
