- Stocks and US equity futures reversed earlier declines on Monday as earnings expectations outweighed concerns about a possible recession.
- Futures for the S&P 500 and NASDAQ 100 increased, as European markets continued to advance following their best week since May. In response to news that government authorities are preparing a fund to aid struggling developers, China's property shares increased.
- Treasury yields increased, but the dollar index decreased. Earlier losses in oil were also reversed.
- As investors wait for another federal reserve interest rate hike of at least 75 basis points this week, they are now concentrating on the financial results of US big-tech corporations. In order to limit inflation, the Fed will likely cause the economy more pain, and the European Central Bank may likewise keep raising interest rates significantly.
- ECB's Kazaks: Should be open to discussions on bigger hikes.
- ECB's Kazaks: I have no major objections to the market view of 150 basis points by June.
- ECB's Kazaks: September hike needs to be quite significant.
