- As investors reduced their expectations on how aggressively the Federal Reserve will tighten policy, alleviating recession fears, US equities futures increased and the currency declined.
- Futures on the Nasdaq 100 increased by 1.2%, and contracts on the S&P 500 increased by 1%. The dollar spot index fell 0.5%, extending a decline from a record high, as west texas intermediate oil traded close to $100 a barrel.
- In the wake of Friday's significant bounce on renewed expectations that inflation — and Fed rate hikes — may be nearing their top, the S&P 500 index is now more than 5% above its closing low from June. New statistics revealed a larger decrease in US consumers' long-term inflation expectations, and policymakers resisted further increases in interest rates. significantly increased the likelihood of a 75 basis point Fed rate increase in July, squashing speculation of a 100 basis point increase.
- US Treasury Secretary Yellen: My talks with India about the proposed cap on the price of Russian oil have been encouraging.
- BoE's Saunders will step down from MPC after the vote in August.
- China June pipeline natural gas imports 3.9m tons, +11.5% y/y.
