- As bond yields reduced their recent increase and investors assessed the likelihood of rapid Federal Reserve rate hikes against comforting profits, US equities futures and European stocks rose.
- As the 10-year treasury yield decreased to 2.8%, the S&P 500 and NASDAQ 100 contracts both increased by at least 0.5%. As interest rates on benchmark UK and German government debt declined, technology led to the improvement in Europe's Stoxx 600 benchmark index.
- Stronger-than-expected US data on Friday The case for further Fed monetary tightening was strengthened by the non-farm payrolls data, and traders are looking to inflation numbers due this week for guidance on the policy course. Treasury rates and the dollar have increased due to anticipation of rate increases, and a crucial portion of the US bond curve is close to being inverted for the first time since 2000, which suggests investors anticipate a recession as the Fed tightens its monetary policy.
- German govt spokesperson: We rule out an approval of the Nord stream 2 pipeline.
- Siemens energy: We have not delivered any turbines to Nord stream 2.
