- US equity futures dropped along with European stocks Monday as traders await the key second-quarter earnings season for indications on how companies are weathering the inflation storm. the dollar jumped and bonds gained.
- Contracts on the S&P 500 and NASDAQ 100 were lower, suggesting last week’s rally in us stocks my stall. Twitter shares slumped in premarket trading after Elon Musk terminated his $44 billion takeover approach for the social media company. the Stoxx Europe 600 index shed about 0.5%, with carmakers and miners among the worst-performing sectors as concerns about china’s covid resurgence also weighed on risk appetite.
- A dollar gauge was back around the highest level since 2020, and the euro resumed its drop toward parity with the greenback. yields on us treasuries and European bonds fell. oil declined and iron ore extended losses on concern about the demand outlook in China.
- German Economy Ministry Spokesperson: Talks on Uniper is to be concluded soon.
- Riksbank’s Dep. Gov. Ohlsson: I had supported hike of 75 basis-points bps if the majority agreed.
- Japan's PM Kishida plans a cabinet reshuffle in August or September, according to Nikkei.
